What products are classified under HSN 1503
It includes Lard products & oils
HSN Sub Chapter 1503 represents Lard products & oils under GST classification. This code helps businesses identify Lard products & oils correctly for billing, taxation, and trade. With HSN Sub Chapter 1503, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Lard products & oils.
GST Rate for Lard products & oils under HSN Code 1503. 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 | 1503 | Lard stearin, lard oil, oleostearin, oleo-oil and tallow oil, not emulsified or mixed or otherwise prepared | 5% | 12% |
Chapter: 15
Description: Lard stearin, lard oil, oleostearin, oleo-oil and tallow oil, not emulsified or mixed or otherwise prepared
Following Tariff HSN code falls under Lard products & oils:
| Tariff HSN | Description |
|---|---|
| Lard stearin, lard oil, oleostearin, oleo-oil and tallow oil, not emulsified or mixed or otherwise prepared |
Lard stearin, lard oil, oleostearin, oleo-oil and tallow oil, not emulsified or mixed or otherwise prepared
| Order Number | Description |
|---|---|
| Ginni Filaments Limited (AAR (Authority For Advance Ruling), Uttarakhand) |
Ginni Filaments Limited (AAR (Authority For Advance Ruling), Uttarakhand)
It includes Lard products & oils
Prefer separate lines per item with its HSN so each component follows its own tax treatment. If it is a naturally bundled supply, identify the principal supply and tax the whole bundle accordingly.
If replacement is without consideration under a pre‑agreed warranty, issue a delivery challan and reference the original invoice/contract. If consideration is charged, raise a tax invoice. Keep serial/lot details for traceability.
Generate an e‑way bill when the consignment value exceeds ₹50,000, unless exempted for the transaction. E‑invoicing depends on turnover (AATO threshold as notified) for B2B supplies, not on the item itself.
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.
Yes. Many food/agri goods are treated differently when sold as pre‑packaged & labelled retail packs versus loose/open packs. If Lard products & oils is sold in small pouches (e.g., 500 g) with an MRP and label, record that on the invoice. Loose bulk bags often follow a different treatment.
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.