1502 HSN Code: 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 purposes. With HSN Sub Chapter 1502, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Animal fats.

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New GST Rate for HSN Code 1502

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

15

HSN Code

1502

HSN Description

Fats of bovine animals,sheep or goats,other than those of heading 1503

New GST Rate

5 %
Essential

Old GST Rate

12 %

Tariff HSN Codes under HSN Sub Chapter 1502

Following tariff HSN codes fall under Animal fats.

Tariff HSN

15021010

Description

Tallow : Mutton tallow

Tariff HSN

15021090

Description

Tallow : Other

Tariff HSN

15029010

Description

Other : Unrendered fats

Tariff HSN

15029020

Description

Other : Rendered fats or solvent extraction fats

Tariff HSN

15029090

Description

Other : Other

India’s Trade Performance — HSN Sub-Chapter 1502 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

₹441 Cr

−58.28% vs FY 2023-24

0.0119% of India’s total exports

% of Chapter 15

FY 2024-25

2.56%

Share of Chapter 15’s total exports in FY 2024-25

Rank Within Chapter 15

FY 2024-25

#5 of 21

Position by export value among subchapters in Chapter 15

At a glance

20.17%

Export CAGR

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

#558

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+143.88%

Peak Growth Year

FY 2022-23 · strongest single-year move

2.56%

Contribution to Ch. 15

Share of Chapter 15 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Sub-Chapter 1502

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 #652

Balance

—

Exports

146.56 ₹ Cr

0.0064% share

— YoY

1.91% of Ch. 15

Imports

— ₹ Cr

— share

— YoY

FY 2019-20 Exp. Rank #717

Balance

—

Exports

102.48 ₹ Cr

0.0046% share

−30.08% YoY

1.24% of Ch. 15

Imports

— ₹ Cr

— share

— YoY

FY 2020-21 Exp. Rank #624

Balance

—

Exports

177.26 ₹ Cr

0.0082% share

+72.97% YoY

1.47% of Ch. 15

Imports

— ₹ Cr

— share

— YoY

FY 2021-22 Exp. Rank #544

Balance

—

Exports

378.06 ₹ Cr

0.0120% share

+113.28% YoY

3.28% of Ch. 15

Imports

— ₹ Cr

— share

— YoY

FY 2022-23 Exp. Rank #394

Balance

—

Exports

922.03 ₹ Cr

0.0255% share

+143.88% YoY

5.56% of Ch. 15

Imports

— ₹ Cr

— share

— YoY

FY 2023-24 Exp. Rank #373

Balance

—

Exports

1,057.98 ₹ Cr

0.0292% share

+14.74% YoY

7.00% of Ch. 15

Imports

— ₹ Cr

— share

— YoY

FY 2024-25 Exp. Rank #558

Balance

—

Exports

441.42 ₹ Cr

0.0119% share

−58.28% YoY

2.56% of Ch. 15

Imports

— ₹ Cr

— share

— YoY

CAGR · 7-Year

Exports

20.17% /yr

Imports

—

Chapter 15 total

reference, FY 2024-25

Export

₹17,272.98 Cr

Import

₹1,48,631.21 Cr

Trade Balance

−1,31,358.23

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

Key Trade Insights: HSN Sub-Chapter 1502 Export-Import Analysis

Consistent Export Growth: 20.17% CAGR Over 7 Years

India's exports under HSN Sub-Chapter 1502 have grown at a compound annual rate of 20.17% over 7 fiscal years, rising from ₹146.56 Crore in FY 2018-19 to ₹441.42 Crore in FY 2024-25.

HSN Sub-Chapter 1502 Ranked #558 Among All 1233 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 1502 ranks #558 out of 1233 subchapters by total export value. Within Chapter 15, it ranks #5 of 21.

FY 2022-23 Was the Strongest Growth Year for HSN Sub-Chapter 1502 Exports

The strongest single-year export movement for HSN Sub-Chapter 1502 was recorded in FY 2022-23, when exports surged by 143.88% over the prior year.

HSN Sub-Chapter 1502 Contributes 2.56% of Chapter 15 Exports — Ranked #5

Among the 21 subchapters under Chapter 15, HSN Sub-Chapter 1502 ranks #5 by export value — accounting for 2.56% of the chapter's total exports in FY 2024-25.

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 1502 and GST compliance.

What products are classified under HSN 1502

It includes Animal fats

What misclassification mistakes happen with 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.

Any import/export nuance for Animal fats?

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.

Do spares or accessories of Animal fats follow the same HSN?

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.

Can I claim ITC on inputs and services used for Animal fats?

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.

If I repair and return Animal fats, how should I charge GST?

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.

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.

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