--- title: "HSN Code for Vegetable fats & oils – Hydrogenated castor oil (opal-wax) – Other | HSN 15162039 GST Rate" description: "Find HSN and GST Rates for 15162039 related to Vegetable fats & oils – Hydrogenated castor oil (opal-wax) – Other with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-15162039/" --- # HSN Code 15162039: Vegetable fats & oils – Hydrogenated castor oil (opal-wax) – Other - [Section 03: Guide to HSN Section 03](https://busy.in/hsn/section-03/) - [Chapter 15: Animal or Vegetable Fats, Oils and Their Cleavage Products](https://busy.in/hsn/chapter-15/) - [Sub-chapter 1516: Partially hydrogenated animal/veg oils](https://busy.in/hsn/sub-chapter-1516/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Vegetable fats and oils and their fractions : Hydrogenated castor oil (opal-wax) : Other | 2.5% | 2.5% | 5% | 0% | ## Frequently asked questions ### What products are classified under HSN 15162039 ? It includes Vegetable fats & oils – Hydrogenated castor oil (opal-wax) – Other ### Any common misclassification issue with Vegetable fats & oils – Hydrogenated castor oil (opal-wax) – Other? Use the exact HSN and the correct form (fresh/chilled vs. frozen/dried; PPL vs. not). Apply the rate per line to avoid wrong tax collection. ### Can we claim ITC on inputs used to trade Vegetable fats & oils – Hydrogenated castor oil (opal-wax) – Other? If your outward supply is taxable (5%/12% etc.), eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### How should mixed supplies be billed when Vegetable fats & oils – Hydrogenated castor oil (opal-wax) – Other is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Vegetable fats & oils – Hydrogenated castor oil (opal-wax) – Other; Nil for exempt items if applicable). ### How much GST applies to Vegetable fats & oils – Hydrogenated castor oil (opal-wax) – Other? Under HSN 15162039, Vegetable fats & oils – Hydrogenated castor oil (opal-wax) – Other attracts Varies when sold in taxable form. Describe the form and packaging clearly on the invoice. ### Does packaging or labelling change the GST for Vegetable fats & oils – Hydrogenated castor oil (opal-wax) – Other? For many agri/food items, GST applies at 5% when they are not fresh/chilled and are sold as pre‑packaged & labelled. Loose or fresh/chilled forms may be Nil. ## India's trade performance: HSN Code 15162039 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹768 Cr (+18.13% YoY) — 0.0209% of India's total exports - Imports: ₹2 Cr (−47.43% YoY) — 0.0000% of India's total imports - Trade balance: ₹766 Cr (Surplus); surplus rank #442 of 12657 HSN codes - Share of Sub-Chapter 1516: 80.51% of its exports; import side 0.48% - Rank within Sub-Chapter 1516: #1 of 10 by export value; import-side #5 ### Key metrics - Export CAGR: 7.51% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #668 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +52.86% in FY 2022-23 - Contribution to Sub-Ch. 1516: 80.51% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 15162039 7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB. | FY | Exports (₹ Cr) | Exp share | Exp YoY | Exp % of Sub-Ch. 1516 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 1516 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 497.61 | 0.0218% | — | 92.28% | 1.99 | 0.0001% | — | 1.28% | +495.62 | #656 | | FY 2019-20 | 530.45 | 0.0241% | +6.60% | 87.15% | 1.72 | 0.0001% | −13.57% | 1.01% | +528.73 | #609 | | FY 2020-21 | 505.28 | 0.0235% | −4.75% | 86.28% | < ₹1 Crore | 0.0000% | −58.14% | 0.30% | +504.56 | #675 | | FY 2021-22 | 687.56 | 0.0219% | +36.08% | 86.61% | < ₹1 Crore | 0.0000% | −19.44% | 0.14% | +686.98 | #643 | | FY 2022-23 | 1,050.98 | 0.0290% | +52.86% | 89.00% | 1.61 | 0.0000% | +177.59% | 0.71% | +1,049.37 | #480 | | FY 2023-24 | 650.31 | 0.0180% | −38.12% | 83.24% | 3.50 | 0.0001% | +117.39% | 1.93% | +646.81 | #758 | | FY 2024-25 | 768.22 | 0.0209% | +18.13% | 80.51% | 1.84 | 0.0000% | −47.43% | 0.48% | +766.38 | #668 | - CAGR (7-year): exports 7.51%/yr, imports -1.30%/yr (consistently Surplus) ## Key trade insights: HSN Code 15162039 export-import analysis ### Consistent export growth: 7.51% CAGR over 7 years India's exports under HSN Code 15162039 have grown at a compound annual rate of 7.51% over 7 fiscal years, rising from ₹497.61 Crore in FY 2018-19 to ₹768.22 Crore in FY 2024-25. ### HSN Code 15162039 ranked #668 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 15162039 ranks #668 out of 12657 HSN codes by total export value. Within Sub-Chapter 1516, it ranks #1 of 10. By trade surplus, it ranks #442 of 12657. ### FY 2022-23 was the strongest growth year for HSN Code 15162039 exports The strongest single-year export movement for HSN Code 15162039 was recorded in FY 2022-23, when exports surged by 52.86% over the prior year. ### India maintains a trade surplus of ₹766.38 Crore in HSN Code 15162039 goods In FY 2024-25, India's exports of ₹768.22 Cr exceeded imports of ₹1.84 Cr, resulting in a trade surplus of ₹766.38 Crore — ranking #442 of 12657 by surplus magnitude. ### Import growth of -1.30% CAGR signals stable import dependency for Vegetable fats & oils – Hydrogenated castor oil (opal-wax) – Other India's imports under HSN Code 15162039 have grown at -1.30% CAGR, reaching ₹1.84 Crore in FY 2024-25. ### HSN Code 15162039 contributes 80.51% of Sub-Chapter 1516 exports — ranked #1 Among the 10 HSN codes under Sub-Chapter 1516, HSN Code 15162039 ranks #1 by export value — accounting for 80.51% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.48% share (rank #5). ## Related HSN Codes in Sub-Chapter 1516 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | HSN Code 15162039: Vegetable fats & oils – Hydrogenated castor oil (opal-wax) – Other (this hsn code) | ₹768 Cr | | #2 | [HSN Code 15162099: Vegetable fats & oils: Other](https://busy.in/hsn/hsn-15162099/) | ₹90 Cr | | #3 | [HSN Code 15162091: Edible vegetable fats](https://busy.in/hsn/hsn-15162091/) | ₹83 Cr | | #4 | [HSN Code 15162021: Groundnut Oil: Edible Grade Vegetable Fats and Oils](https://busy.in/hsn/hsn-15162021/) | ₹5 Cr | | #5 | [HSN Code 15162029: Vegetable fats & oils – Groundnut oil – Other](https://busy.in/hsn/hsn-15162029/) | ₹3 Cr | | #6 | [HSN Code 15162019: Vegetable fats & oils – Cotton seed oil – Other](https://busy.in/hsn/hsn-15162019/) | ₹2 Cr | | #7 | [HSN Code 15162011: Vegetable fats & oils – Cotton seed oil – Edible grade](https://busy.in/hsn/hsn-15162011/) | ₹1 Cr | | #8 | [HSN Code 15161000: Animal Fats & Oils](https://busy.in/hsn/hsn-15161000/) | < ₹1 Crore | | #9 | [HSN Code 15162031: Hydrogenated Castor Oil (Opal-Wax): Edible Grade](https://busy.in/hsn/hsn-15162031/) | < ₹1 Crore | | — | [HSN Code 15163000: Microbial fats and oils and their fractions](https://busy.in/hsn/hsn-15163000/) | Nil |