HSN Code 15162039 represents Vegetable fats & oils – Hydrogenated castor oil (opal-wax) – Other under GST classification. This code helps businesses identify Vegetable fats & oils – Hydrogenated castor oil (opal-wax) – Other correctly for billing, taxation, and trade. With HSN Code 15162039, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Vegetable fats & oils – Hydrogenated castor oil (opal-wax) – Other.
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HSN Code 15162039 relates to the following description.
Animal or vegetable fats and oil sand their cleavage products;prepared edible fats;animal or vegetable waxes
Animal, vegetable or microbial fats and oils and their fractions, partly or wholly hydrogenated, inter-esterified, re-esterified or elaidinised, whether or not refined, but not further prepared
Vegetable fats and oils and their fractions : Hydrogenated castor oil (opal-wax) : Other
2.5%
2.5%
5%
0%
Description of Goods
Vegetable fats and oils and their fractions : Hydrogenated castor oil (opal-wax) : Other
Chapter
15 - Animal or vegetable fats and oil sand their cleavage products;prepared edible fats;animal or vegetable waxes
Sub Chapter
1516 - Animal, vegetable or microbial fats and oils and their fractions, partly or wholly hydrogenated, inter-esterified, re-esterified or elaidinised, whether or not refined, but not further prepared
CGST
2.5%
SGST
2.5%
IGST
5%
CESS
0%
Vegetable fats & oils – Hydrogenated castor oil (opal-wax) – Other does not include products with the following descriptions.
Animal fats and oils and their fractions
Vegetable fats and oils and their fractions : Cotton Seed oil : Edible grade
Vegetable fats and oils and their fractions : Cotton Seed oil : Other
Vegetable fats and oils and their fractions : Groundnut oil : Edible grade
Vegetable fats and oils and their fractions : Groundnut oil : other
Vegetable fats and oils and their fractions : Hydrogenated castor oil (opal-wax) : Edible grade
Vegetable fats and oils and their fractions : Other : Edible grade
Vegetable fats and oils and their fractions : Other : Other
Microbial fats and oils and their fractions
Animal fats and oils and their fractions
Vegetable fats and oils and their fractions : Cotton Seed oil : Edible grade
Vegetable fats and oils and their fractions : Cotton Seed oil : Other
Vegetable fats and oils and their fractions : Groundnut oil : Edible grade
Vegetable fats and oils and their fractions : Groundnut oil : other
Vegetable fats and oils and their fractions : Hydrogenated castor oil (opal-wax) : Edible grade
Vegetable fats and oils and their fractions : Other : Edible grade
Vegetable fats and oils and their fractions : Other : Other
Microbial fats and oils and their fractions
India’s Exports
FY 2024-25₹768 Cr
0.0209% of India’s total exports
India’s Imports
FY 2024-25₹2 Cr
0.0000% of India’s total imports
Trade Balance
FY 2024-25₹766 Cr
Surplus rank #442 of 12657 HSN codes
% of Sub-Chapter 1516
FY 2024-2580.51%
Share of Sub-Chapter 1516’s total exports in FY 2024-25
Import side: 0.48% of Sub-Chapter 1516’s imports
Rank Within Sub-Chapter 1516
FY 2024-25#1 of 10
Position by export value among HSN codes in Sub-Chapter 1516
Import-side rank: #5 of 10
At a glance
7.51%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#668
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+52.86%
Peak Growth Year
FY 2022-23 · strongest single-year move
80.51%
Contribution to Sub-Ch. 1516
Share of Sub-Chapter 1516 exports in FY 2024-25
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
+495.62
Exports
497.61 ₹ Cr
0.0218% share
— YoY
92.28% of Sub-Ch. 1516
Imports
1.99 ₹ Cr
0.0001% share
— YoY
1.28% of Sub-Ch. 1516
Balance
+528.73
Exports
530.45 ₹ Cr
0.0241% share
+6.60% YoY
87.15% of Sub-Ch. 1516
Imports
1.72 ₹ Cr
0.0001% share
−13.57% YoY
1.01% of Sub-Ch. 1516
Balance
+504.56
Exports
505.28 ₹ Cr
0.0235% share
−4.75% YoY
86.28% of Sub-Ch. 1516
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−58.14% YoY
0.30% of Sub-Ch. 1516
Balance
+686.98
Exports
687.56 ₹ Cr
0.0219% share
+36.08% YoY
86.61% of Sub-Ch. 1516
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−19.44% YoY
0.14% of Sub-Ch. 1516
Balance
+1,049.37
Exports
1,050.98 ₹ Cr
0.0290% share
+52.86% YoY
89.00% of Sub-Ch. 1516
Imports
1.61 ₹ Cr
0.0000% share
+177.59% YoY
0.71% of Sub-Ch. 1516
Balance
+646.81
Exports
650.31 ₹ Cr
0.0180% share
−38.12% YoY
83.24% of Sub-Ch. 1516
Imports
3.50 ₹ Cr
0.0001% share
+117.39% YoY
1.93% of Sub-Ch. 1516
Balance
+766.38
Exports
768.22 ₹ Cr
0.0209% share
+18.13% YoY
80.51% of Sub-Ch. 1516
Imports
1.84 ₹ Cr
0.0000% share
−47.43% YoY
0.48% of Sub-Ch. 1516
CAGR · 7-Year
Exports
7.51% /yr
Imports
−1.30% /yr
reference, FY 2024-25
Export
₹954.15 Cr
Import
₹385.66 Cr
Trade Balance
+568.49
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.
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.
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.
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.
India's imports under HSN Code 15162039 have grown at −1.30% CAGR, reaching ₹1.84 Crore in FY 2024-25.
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).
BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.
Clear answers to common queries about HSN Code 15162039 and GST compliance.
It includes 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.
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.
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).
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.
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.