HSN Code 15162099: Vegetable fats & oils: Other

HSN Code 15162099 represents Vegetable fats & oils: Other under GST classification. This code helps businesses identify Vegetable fats & oils: Other correctly for billing, taxation, and trade. With HSN Code 15162099, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Vegetable fats & oils: Other.

Live Demo Available Today

Experience the power of Expert Accounting

Join our guided walkthrough to see how BUSY can transform your business operations.

Trusted by 6,00,000+ Users
4.6 Google Rating
+91
expand_more

* No credit card required

Description of Goods for HSN Code 15162099

HSN Code 15162099 relates to the following description.

Description of Goods

Vegetable fats and oils and their fractions : Other : 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%

What does HSN Code 15162099 not include?

Vegetable fats & oils: Other 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 15162099 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

₹90 Cr

+27.45% vs FY 2023-24

0.0024% of India’s total exports

India’s Imports

FY 2024-25

₹91 Cr

+22.79% vs FY 2023-24

0.0015% of India’s total imports

Trade Balance

FY 2024-25

−< ₹1 Crore

Trade Deficit

Surplus rank #7879 of 12657 HSN codes

% of Sub-Chapter 1516

FY 2024-25

9.43%

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

Import side: 23.56% of Sub-Chapter 1516’s imports

Rank Within Sub-Chapter 1516

FY 2024-25

#2 of 10

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

Import-side rank: #2 of 10

At a glance

80.17%

Export CAGR

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

#2816

National Export Rank

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

+233.46%

Peak Growth Year

FY 2019-20 · strongest single-year move

9.43%

Contribution to Sub-Ch. 1516

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

India Export-Import Trade Statistics for HSN Code 15162099

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 #6630

Balance

−50.61

Exports

2.63 ₹ Cr

0.0001% share

— YoY

0.49% of Sub-Ch. 1516

Imports

53.24 ₹ Cr

0.0015% share

— YoY

34.26% of Sub-Ch. 1516

FY 2019-20 Exp. Rank #5184

Balance

−79.75

Exports

8.77 ₹ Cr

0.0004% share

+233.46% YoY

1.44% of Sub-Ch. 1516

Imports

88.52 ₹ Cr

0.0026% share

+66.27% YoY

51.86% of Sub-Ch. 1516

FY 2020-21 Exp. Rank #4377

Balance

−62.60

Exports

17.44 ₹ Cr

0.0008% share

+98.86% YoY

2.98% of Sub-Ch. 1516

Imports

80.04 ₹ Cr

0.0027% share

−9.58% YoY

33.11% of Sub-Ch. 1516

FY 2021-22 Exp. Rank #3949

Balance

+13.45

Exports

32.43 ₹ Cr

0.0010% share

+85.95% YoY

4.09% of Sub-Ch. 1516

Imports

18.98 ₹ Cr

0.0004% share

−76.29% YoY

4.66% of Sub-Ch. 1516

FY 2022-23 Exp. Rank #3111

Balance

−1.72

Exports

65.76 ₹ Cr

0.0018% share

+102.78% YoY

5.57% of Sub-Ch. 1516

Imports

67.48 ₹ Cr

0.0012% share

+255.53% YoY

29.81% of Sub-Ch. 1516

FY 2023-24 Exp. Rank #3062

Balance

−3.42

Exports

70.59 ₹ Cr

0.0020% share

+7.34% YoY

9.04% of Sub-Ch. 1516

Imports

74.01 ₹ Cr

0.0013% share

+9.68% YoY

40.79% of Sub-Ch. 1516

FY 2024-25 Exp. Rank #2816

Balance

−0.91

Exports

89.97 ₹ Cr

0.0024% share

+27.45% YoY

9.43% of Sub-Ch. 1516

Imports

90.88 ₹ Cr

0.0015% share

+22.79% YoY

23.56% of Sub-Ch. 1516

CAGR · 7-Year

Exports

80.17% /yr

Imports

9.32% /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 15162099 Export-Import Analysis

Consistent Export Growth: 80.17% CAGR Over 7 Years

India's exports under HSN Code 15162099 have grown at a compound annual rate of 80.17% over 7 fiscal years, rising from ₹2.63 Crore in FY 2018-19 to ₹89.97 Crore in FY 2024-25.

HSN Code 15162099 Ranked #2816 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 15162099 ranks #2816 out of 12657 HSN codes by total export value. Within Sub-Chapter 1516, it ranks #2 of 10. By trade surplus, it ranks #7879 of 12657.

FY 2019-20 Was the Strongest Growth Year for HSN Code 15162099 Exports

The strongest single-year export movement for HSN Code 15162099 was recorded in FY 2019-20, when exports surged by 233.46% over the prior year.

India Records a Trade Deficit of ₹0.91 Crore in HSN Code 15162099 Goods

In FY 2024-25, India's imports of ₹90.88 Cr exceeded exports of ₹89.97 Cr, resulting in a trade deficit of ₹0.91 Crore — ranking #7879 of 12657 by surplus magnitude.

Import Growth of 9.32% CAGR Signals Stable Import Dependency for Vegetable fats & oils: Other

India's imports under HSN Code 15162099 have grown at 9.32% CAGR, reaching ₹90.88 Crore in FY 2024-25.

HSN Code 15162099 Contributes 9.43% of Sub-Chapter 1516 Exports — Ranked #2

Among the 10 HSN codes under Sub-Chapter 1516, HSN Code 15162099 ranks #2 by export value — accounting for 9.43% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 23.56% share (rank #2).

Stop worrying about HSN & TAX compliance

BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.

Automatic Updates
Error-free GSTR
6,00,000+ Happy Users
+91
expand_more

* No credit card required

Frequently Asked Questions

Clear answers to common queries about HSN Code 15162099 and GST compliance.

What products are classified under HSN 15162099 ?

It includes Vegetable fats & oils: Other

Does packaging or labelling change the GST for Vegetable fats & oils: 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.

Any common misclassification issue with Vegetable fats & oils: 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.

How should mixed supplies be billed when Vegetable fats & oils: 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: Other; Nil for exempt items if applicable).

How much GST applies to Vegetable fats & oils: Other?

Under HSN 15162099, Vegetable fats & oils: Other 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 Vegetable fats & oils: Other?

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.

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.