What products are classified under HSN 1502
It includes Animal fats
HSN Sub Chapter 1502 represents Animal fats under GST classification. This code helps businesses identify Animal fats correctly for billing, taxation, and trade. With HSN Sub Chapter 1502, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Animal fats.
GST Rate for Animal fats under HSN Code 1502. Understand Current Tax Rates, Exemptions, and Legal Classifications to Ensure Accurate Billing and GST Filing.
| Chapter No | HSN Code | HSN Description | New GST Rate | Old GST Rate |
|---|---|---|---|---|
| 15 | 1502 | Fats of bovine animals,sheep or goats,other than those of heading 1503 | 5% | 12% |
Chapter: 15
Description: Fats of bovine animals,sheep or goats,other than those of heading 1503
Following Tariff HSN code falls under Animal fats:
| Tariff HSN | Description |
|---|---|
| Tallow : Mutton tallow | |
| Tallow : Other | |
| Other : Unrendered fats | |
| Other : Rendered fats or solvent extraction fats | |
| Other : Other |
Tallow : Mutton tallow
Tallow : Other
Other : Unrendered fats
Other : Rendered fats or solvent extraction fats
Other : Other
It includes Animal fats
Using a broad or incorrect HSN, ignoring material/form (e.g., raw vs processed), or mixing goods and services on one line. Always match wording to the HSN Notes and keep a classification working paper.
Exports are zero‑rated (with or without payment of IGST) subject to LUT/refund conditions. Imports may attract customs duties in addition to GST. Keep HSN‑wise description consistent across invoice, shipping bill and BOE.
Not always. Spares are often classified by their own description or by the function/part rule. Check if a specific sub‑heading exists for parts of the main item and describe the part on the invoice.
If your outward supply of Animal fats is taxable, ITC is generally available (Sections 16–17) except blocked credits (e.g., personal use, motor vehicles in most cases). For exempt supplies, proportionate reversal is required under Rule 42/43.
Repair/service is a service supply (SAC). Parts and materials used are goods and may be billed separately with HSN. Mention both lines clearly to avoid mixing service and goods values.
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.