HSN Code 15179040: Imitation Lard| Vegetable Origin

HSN Code 15179040 represents Imitation Lard| Vegetable Origin under GST classification. This code helps businesses identify Imitation Lard| Vegetable Origin correctly for billing, taxation, and trade. With HSN Code 15179040, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Imitation Lard| Vegetable Origin.

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Description of Goods for HSN Code 15179040

HSN Code 15179040 relates to the following description.

Description of Goods

Other : Imitation lard of vegetable origin

Chapter

15 - Animal or vegetable fats and oil sand their cleavage products;prepared edible fats;animal or vegetable waxes

Sub Chapter

1517 - Margarine; edible mixtures or preparations of animal, vegetable or microbial fats or oils or of fractions of different fats or oils of this chapter, other than edible fats and oils or their fractions of heading 1516

CGST

2.5%

SGST

2.5%

IGST

5%

CESS

0%

What does HSN Code 15179040 not include?

Imitation Lard| Vegetable Origin does not include products with the following descriptions.

India’s Trade Performance — HSN Code 15179040 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

Nil

−100.00% vs FY 2023-24

0.0000% of India’s total exports

India’s Imports

FY 2024-25

₹1 Cr

+50.53% vs FY 2023-24

0.0000% of India’s total imports

Trade Balance

FY 2024-25

−₹1 Cr

Trade Deficit

Surplus rank #8039 of 12657 HSN codes

% of Sub-Chapter 1517

FY 2024-25

0.00%

Share of Sub-Chapter 1517’s total exports in FY 2024-25

Import side: 4.43% of Sub-Chapter 1517’s imports

At a glance

+100.00%

Peak Growth Year

FY 2022-23 · strongest single-year move

0.00%

Contribution to Sub-Ch. 1517

Share of Sub-Chapter 1517 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 15179040

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

Balance

0.00

Exports

Nil ₹ Cr

0.0000% share

YoY

0.00% of Sub-Ch. 1517

Imports

Nil ₹ Cr

0.0000% share

YoY

0.00% of Sub-Ch. 1517

FY 2019-20 Exp. Rank #9613

Balance

+0.03

Exports

< ₹1 Crore ₹ Cr

0.0000% share

YoY

0.07% of Sub-Ch. 1517

Imports

Nil ₹ Cr

0.0000% share

YoY

0.00% of Sub-Ch. 1517

FY 2020-21

Balance

−0.18

Exports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 1517

Imports

< ₹1 Crore ₹ Cr

0.0000% share

YoY

0.30% of Sub-Ch. 1517

FY 2021-22 Exp. Rank #10198

Balance

−1.37

Exports

< ₹1 Crore ₹ Cr

0.0000% share

YoY

0.02% of Sub-Ch. 1517

Imports

1.38 ₹ Cr

0.0000% share

+666.67% YoY

2.17% of Sub-Ch. 1517

FY 2022-23 Exp. Rank #10152

Balance

−2.47

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+100.00% YoY

0.02% of Sub-Ch. 1517

Imports

2.49 ₹ Cr

0.0000% share

+80.43% YoY

3.24% of Sub-Ch. 1517

FY 2023-24 Exp. Rank #10473

Balance

−0.94

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−50.00% YoY

0.01% of Sub-Ch. 1517

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−61.85% YoY

2.31% of Sub-Ch. 1517

FY 2024-25

Balance

−1.43

Exports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 1517

Imports

1.43 ₹ Cr

0.0000% share

+50.53% YoY

4.43% of Sub-Ch. 1517

Sub-Chapter 1517 total

reference, FY 2024-25

Export

₹212.88 Cr

Import

₹32.28 Cr

Trade Balance

+180.60

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

Key Trade Insights: HSN Code 15179040 Export-Import Analysis

Export Snapshot for HSN Code 15179040

India exported ₹0.00 Crore worth of Imitation Lard| Vegetable Origin in FY 2024-25. Multi-year trend data is being compiled for this hsn code.

FY 2022-23 Was the Strongest Growth Year for HSN Code 15179040 Exports

The strongest single-year export movement for HSN Code 15179040 was recorded in FY 2022-23, when exports surged by 100.00% over the prior year.

India Records a Trade Deficit of ₹1.43 Crore in HSN Code 15179040 Goods

In FY 2024-25, India's imports of ₹1.43 Cr exceeded exports of ₹0.00 Cr, resulting in a trade deficit of ₹1.43 Crore — ranking #8039 of 12657 by surplus magnitude.

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Frequently Asked Questions

Clear answers to common queries about HSN Code 15179040 and GST compliance.

What products are classified under HSN 15179040 ?

It includes Imitation Lard| Vegetable Origin

Can we claim ITC on inputs used to trade Imitation Lard/ Vegetable Origin?

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.

Any common misclassification issue with Imitation Lard/ Vegetable Origin?

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 Imitation Lard/ Vegetable Origin is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Imitation Lard/ Vegetable Origin; Nil for exempt items if applicable).

Does packaging or labelling change the GST for Imitation Lard/ Vegetable Origin?

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.

How much GST applies to Imitation Lard/ Vegetable Origin?

Under HSN 15179040, Imitation Lard/ Vegetable Origin attracts Varies when sold in taxable form. Describe the form and packaging clearly on the invoice.

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.