HSN Code 15180040: With millet content 15% or more by weight

HSN Code 15180040 represents With millet content 15% or more by weight under GST classification. This code helps businesses identify With millet content 15% or more by weight correctly for billing, taxation, and trade. With HSN Code 15180040, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of With millet content 15% or more by weight.

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Description of Goods for HSN Code 15180040

HSN Code 15180040 relates to the following description.

Description of Goods

Other

Chapter

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

Sub Chapter

1518 - Animal, vegetable or microbial fats and oils and their fractions, boiled, oxidised, dehydrated, sulphurised, blown, polymerised by heat in vacuum or in inert gas or otherwise chemically modified, excluding those of heading 1516; inedible mixtures or preparations of animal, vegetable or microbial fats or oils or of fractions of different fats or oils of this chapter, not elsewhere specified or included

CGST

6%

SGST

6%

IGST

12%

CESS

0%

What does HSN Code 15180040 not include?

With millet content 15% or more by weight does not include products with the following descriptions.

HSN Code 15180011

Animal or vegetable fats and oils and their fractions, boiled, oxidized, dehydrated, sulphurised, blown, polymerized by heat in vacuum or in inert gas or otherwise chemically modified, excluding those of heading 1516; inedible mixtures or preparations of animal or vegetable fats or oils or of fractions of different fats or oils of this Chapter, not elsewhere specified or included : Lin seed oil : Edible grade (of vegetable origin)

HSN Code 15180011

Animal or vegetable fats and oils and their fractions, boiled, oxidized, dehydrated, sulphurised, blown, polymerized by heat in vacuum or in inert gas or otherwise chemically modified, excluding those of heading 1516; inedible mixtures or preparations of animal or vegetable fats or oils or of fractions of different fats or oils of this Chapter, not elsewhere specified or included : Lin seed oil : Edible grade

India’s Trade Performance — HSN Code 15180040 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

₹26 Cr

−34.44% vs FY 2023-24

0.0007% of India’s total exports

India’s Imports

FY 2024-25

< ₹1 Crore

+2.86% vs FY 2023-24

0.0000% of India’s total imports

Trade Balance

FY 2024-25

₹26 Cr

Trade Surplus

Surplus rank #2645 of 12657 HSN codes

% of Sub-Chapter 1518

FY 2024-25

6.95%

Share of Sub-Chapter 1518’s total exports in FY 2024-25

Import side: 1.98% of Sub-Chapter 1518’s imports

Rank Within Sub-Chapter 1518

FY 2024-25

#3 of 7

Position by export value among HSN codes in Sub-Chapter 1518

Import-side rank: #4 of 7

At a glance

13.70%

Export CAGR

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

#4506

National Export Rank

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

+56.71%

Peak Growth Year

FY 2022-23 · strongest single-year move

6.95%

Contribution to Sub-Ch. 1518

Share of Sub-Chapter 1518 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 15180040

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 #4758

Balance

−2.20

Exports

12.14 ₹ Cr

0.0005% share

— YoY

5.04% of Sub-Ch. 1518

Imports

14.34 ₹ Cr

0.0004% share

— YoY

13.98% of Sub-Ch. 1518

FY 2019-20 Exp. Rank #4227

Balance

−181.60

Exports

18.39 ₹ Cr

0.0008% share

+51.48% YoY

19.47% of Sub-Ch. 1518

Imports

199.99 ₹ Cr

0.0060% share

+1,294.63% YoY

87.44% of Sub-Ch. 1518

FY 2020-21 Exp. Rank #4134

Balance

+20.76

Exports

20.76 ₹ Cr

0.0010% share

+12.89% YoY

27.58% of Sub-Ch. 1518

Imports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 1518

FY 2021-22 Exp. Rank #4147

Balance

+27.47

Exports

27.51 ₹ Cr

0.0009% share

+32.51% YoY

17.25% of Sub-Ch. 1518

Imports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.08% of Sub-Ch. 1518

FY 2022-23 Exp. Rank #3678

Balance

+40.71

Exports

43.11 ₹ Cr

0.0012% share

+56.71% YoY

17.77% of Sub-Ch. 1518

Imports

2.40 ₹ Cr

0.0000% share

+5,900.00% YoY

9.67% of Sub-Ch. 1518

FY 2023-24 Exp. Rank #3833

Balance

+39.66

Exports

40.01 ₹ Cr

0.0011% share

−7.19% YoY

10.01% of Sub-Ch. 1518

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−85.42% YoY

4.62% of Sub-Ch. 1518

FY 2024-25 Exp. Rank #4506

Balance

+25.87

Exports

26.23 ₹ Cr

0.0007% share

−34.44% YoY

6.95% of Sub-Ch. 1518

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+2.86% YoY

1.98% of Sub-Ch. 1518

CAGR · 7-Year

Exports

13.70% /yr

Imports

−45.89% /yr

Consistently Surplus
Sub-Chapter 1518 total

reference, FY 2024-25

Export

₹377.58 Cr

Import

₹18.18 Cr

Trade Balance

+359.40

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

Key Trade Insights: HSN Code 15180040 Export-Import Analysis

Consistent Export Growth: 13.70% CAGR Over 7 Years

India's exports under HSN Code 15180040 have grown at a compound annual rate of 13.70% over 7 fiscal years, rising from ₹12.14 Crore in FY 2018-19 to ₹26.23 Crore in FY 2024-25.

HSN Code 15180040 Ranked #4506 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 15180040 ranks #4506 out of 12657 HSN codes by total export value. Within Sub-Chapter 1518, it ranks #3 of 7. By trade surplus, it ranks #2645 of 12657.

FY 2022-23 Was the Strongest Growth Year for HSN Code 15180040 Exports

The strongest single-year export movement for HSN Code 15180040 was recorded in FY 2022-23, when exports surged by 56.71% over the prior year.

India Maintains a Trade Surplus of ₹25.87 Crore in HSN Code 15180040 Goods

In FY 2024-25, India's exports of ₹26.23 Cr exceeded imports of ₹0.36 Cr, resulting in a trade surplus of ₹25.87 Crore — ranking #2645 of 12657 by surplus magnitude.

Import Growth of −45.89% CAGR Signals Stable Import Dependency for With millet content 15% or more by weight

India's imports under HSN Code 15180040 have grown at −45.89% CAGR, reaching ₹0.36 Crore in FY 2024-25.

HSN Code 15180040 Contributes 6.95% of Sub-Chapter 1518 Exports — Ranked #3

Among the 7 HSN codes under Sub-Chapter 1518, HSN Code 15180040 ranks #3 by export value — accounting for 6.95% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 1.98% share (rank #4).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 15180040 and GST compliance.

What products are classified under HSN 15180040 ?

It includes Quartzite: Other Blocks or Slabs

Can we claim ITC on inputs used to trade With millet content 15% or more by weight?

If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.

How should mixed supplies be billed when With millet content 15% or more by weight is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for With millet content 15% or more by weight; Nil for exempt items if applicable).

How much GST applies to With millet content 15% or more by weight?

Under HSN 15180040, With millet content 15% or more by weight attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Does packaging or labelling change the GST for With millet content 15% or more by weight?

For food/agri items, GST can be 5% when not fresh/chilled and sold as pre‑packaged & labelled; otherwise often Nil. For non‑food items, rates depend on the specific sub‑heading.

Do e‑way bill and e‑invoice apply for With millet content 15% or more by weight?

e‑Way bill is needed above ₹50,000 consignment value (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.