HSN Code 15162091: Edible vegetable fats

HSN Code 15162091 represents Edible vegetable fats under GST classification. This code helps businesses identify Edible vegetable fats correctly for billing, taxation, and trade. With HSN Code 15162091, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Edible vegetable fats.

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Description of Goods for HSN Code 15162091

HSN Code 15162091 relates to the following description.

Description of Goods

Vegetable fats and oils and their fractions : Other : Edible grade

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%

What does HSN Code 15162091 not include?

Edible vegetable fats does not include products with the following descriptions.

HSN Code 15162011

Vegetable fats and oils and their fractions : Cotton Seed oil : Edible grade

HSN Code 15162031

Vegetable fats and oils and their fractions : Hydrogenated castor oil (opal-wax) : Edible grade

HSN Code 15162039

Vegetable fats and oils and their fractions : Hydrogenated castor oil (opal-wax) : Other

India’s Trade Performance — HSN Code 15162091 in FY 2024-25

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2024-25 Values in ₹ Crore

India’s Exports

FY 2024-25

₹83 Cr

+65.78% vs FY 2023-24

0.0023% of India’s total exports

India’s Imports

FY 2024-25

₹283 Cr

+181.93% vs FY 2023-24

0.0047% of India’s total imports

Trade Balance

FY 2024-25

−₹200 Cr

Trade Deficit

Surplus rank #11317 of 12657 HSN codes

% of Sub-Chapter 1516

FY 2024-25

8.70%

Share of Sub-Chapter 1516’s total exports in FY 2024-25

Import side: 73.51% of Sub-Chapter 1516’s imports

Rank Within Sub-Chapter 1516

FY 2024-25

#3 of 10

Position by export value among HSN codes in Sub-Chapter 1516

Import-side rank: #1 of 10

At a glance

36.41%

Export CAGR

FY 2018-19 → FY 2024-25 · 7 fiscal years

#2926

National Export Rank

of 12657 HSN codes by export value, FY 2024-25

+105.16%

Peak Growth Year

FY 2020-21 · strongest single-year move

8.70%

Contribution to Sub-Ch. 1516

Share of Sub-Chapter 1516 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 15162091

7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.

FY 2018-19 Exp. Rank #4689

Balance

−85.43

Exports

12.88 ₹ Cr

0.0006% share

— YoY

2.39% of Sub-Ch. 1516

Imports

98.31 ₹ Cr

0.0027% share

— YoY

63.27% of Sub-Ch. 1516

FY 2019-20 Exp. Rank #4158

Balance

−57.99

Exports

19.37 ₹ Cr

0.0009% share

+50.39% YoY

3.18% of Sub-Ch. 1516

Imports

77.36 ₹ Cr

0.0023% share

−21.31% YoY

45.32% of Sub-Ch. 1516

FY 2020-21 Exp. Rank #3274

Balance

−116.42

Exports

39.74 ₹ Cr

0.0018% share

+105.16% YoY

6.79% of Sub-Ch. 1516

Imports

156.16 ₹ Cr

0.0054% share

+101.86% YoY

64.60% of Sub-Ch. 1516

FY 2021-22 Exp. Rank #3028

Balance

−319.96

Exports

63.54 ₹ Cr

0.0020% share

+59.89% YoY

8.00% of Sub-Ch. 1516

Imports

383.50 ₹ Cr

0.0084% share

+145.58% YoY

94.21% of Sub-Ch. 1516

FY 2022-23 Exp. Rank #3327

Balance

−96.69

Exports

55.67 ₹ Cr

0.0015% share

−12.39% YoY

4.71% of Sub-Ch. 1516

Imports

152.36 ₹ Cr

0.0027% share

−60.27% YoY

67.31% of Sub-Ch. 1516

FY 2023-24 Exp. Rank #3526

Balance

−50.49

Exports

50.06 ₹ Cr

0.0014% share

−10.08% YoY

6.41% of Sub-Ch. 1516

Imports

100.55 ₹ Cr

0.0018% share

−34.01% YoY

55.42% of Sub-Ch. 1516

FY 2024-25 Exp. Rank #2926

Balance

−200.49

Exports

82.99 ₹ Cr

0.0023% share

+65.78% YoY

8.70% of Sub-Ch. 1516

Imports

283.48 ₹ Cr

0.0047% share

+181.93% YoY

73.51% of Sub-Ch. 1516

CAGR · 7-Year

Exports

36.41% /yr

Imports

19.30% /yr

Consistently Deficit
Sub-Chapter 1516 total

reference, FY 2024-25

Export

₹954.15 Cr

Import

₹385.66 Cr

Trade Balance

+568.49

Peak export growth year Latest available data Not available YoY = change vs previous FY

Key Trade Insights: HSN Code 15162091 Export-Import Analysis

Consistent Export Growth: 36.41% CAGR Over 7 Years

India's exports under HSN Code 15162091 have grown at a compound annual rate of 36.41% over 7 fiscal years, rising from ₹12.88 Crore in FY 2018-19 to ₹82.99 Crore in FY 2024-25.

HSN Code 15162091 Ranked #2926 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 15162091 ranks #2926 out of 12657 HSN codes by total export value. Within Sub-Chapter 1516, it ranks #3 of 10. By trade surplus, it ranks #11317 of 12657.

FY 2020-21 Was the Strongest Growth Year for HSN Code 15162091 Exports

The strongest single-year export movement for HSN Code 15162091 was recorded in FY 2020-21, when exports surged by 105.16% over the prior year.

India Records a Trade Deficit of ₹200.49 Crore in HSN Code 15162091 Goods

In FY 2024-25, India's imports of ₹283.48 Cr exceeded exports of ₹82.99 Cr, resulting in a trade deficit of ₹200.49 Crore — ranking #11317 of 12657 by surplus magnitude.

Import Growth of 19.30% CAGR Signals Rising Demand for Edible vegetable fats

India's imports under HSN Code 15162091 have grown at 19.30% CAGR, reaching ₹283.48 Crore in FY 2024-25.

HSN Code 15162091 Contributes 8.70% of Sub-Chapter 1516 Exports — Ranked #3

Among the 10 HSN codes under Sub-Chapter 1516, HSN Code 15162091 ranks #3 by export value — accounting for 8.70% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 73.51% share (rank #1).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 15162091 and GST compliance.

What products are classified under HSN 15162091 ?

It includes Edible vegetable fats

How much GST applies to Edible vegetable fats?

Under HSN 15162091, Edible vegetable fats attracts Varies when sold in taxable form. Describe the form and packaging clearly on the invoice.

Do e‑way bill and e‑invoice apply for Edible vegetable fats?

Generate an e‑way bill if the consignment value exceeds ₹50,000 (subject to exemptions). e‑Invoicing is turnover‑based (presently AATO > ₹5 crore) for B2B supplies.

Does packaging or labelling change the GST for Edible vegetable fats?

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.

Any common misclassification issue with Edible vegetable fats?

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 Edible vegetable fats?

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.

Important Disclaimer

The above does not constitute professional advice or a formal recommendation. We recommend consulting a professional tax consultant before acting on the information contained in this piece of content.