---
title: "1504 HSN Code | HSN Code for Fish oils & their fractions in India"
description: "Know more about 1504 HSN Code with BUSY Accounting - HSN Tariff, GST Rates and case laws related to chapter 1504 covering Fish oils & their fractions."
canonical: "https://busy.in/hsn/sub-chapter-1504/"
---

# HSN Sub-chapter 1504: Fish oils & their fractions

Fats and oils and their fractions, of fish or marine mammals, whether or not refined, but not chemically modified

Part of [Chapter 15: Animal or Vegetable Fats, Oils and Their Cleavage Products](https://busy.in/hsn/chapter-15/).

- Current GST rate: 5%
- Earlier GST rate: 12%

## HSN codes

| Code | Title |
| --- | --- |
| 15041010 | [Cod liver oil](https://busy.in/hsn/hsn-15041010/) |
| 15041091 | [Fish liver oils: Squid liver oil](https://busy.in/hsn/hsn-15041091/) |
| 15041099 | [Fish liver oils, other](https://busy.in/hsn/hsn-15041099/) |
| 15042010 | [Fish Body Oil](https://busy.in/hsn/hsn-15042010/) |
| 15042020 | [Fish Lipid Oil](https://busy.in/hsn/hsn-15042020/) |
| 15042030 | [Sperm Oil](https://busy.in/hsn/hsn-15042030/) |
| 15042090 | [Other Fish Oils](https://busy.in/hsn/hsn-15042090/) |
| 15043000 | [Marine mammal fats](https://busy.in/hsn/hsn-15043000/) |

## Frequently asked questions

### What products are classified under HSN 1504

It includes Fish oils & their fractions

### If I repair and return Fish oils & their fractions, 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.

### Is the composition scheme suitable if I mainly trade Fish oils & their fractions?

The composition scheme is optional for eligible small suppliers of goods. You cannot issue tax invoices or collect tax under composition. Check turnover limits and exclusions; evaluate margins and ITC loss before opting in.

### Can reverse charge ever apply to transactions involving Fish oils & their fractions?

Reverse charge in goods is notified only for specific categories. Most regular B2B sales of Fish oils & their fractions are forward charge. Check the current notifications for any special cases before deciding.

### Do spares or accessories of Fish oils & their fractions 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.

### How are warranty replacements of Fish oils & their fractions handled?

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.

## India's trade performance: HSN Sub-Chapter 1504 (FY 2024-25)

Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25).

- Exports: ₹403 Cr (−29.63% YoY) — 0.0109% of India's total exports
- Imports: ₹206 Cr (+5.07% YoY) — 0.0034% of India's total imports
- Trade balance: ₹198 Cr (Surplus); surplus rank #330 of 1233 sub-chapters
- Share of Chapter 15: 2.34% of its exports; import side 0.14%
- Rank within Chapter 15: #6 of 21 by export value; import-side #9

### Key metrics

- Export CAGR: 40.84% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #568 of 1233 sub-chapters by export value (FY 2024-25)
- Peak growth year: +4,756.89% in FY 2022-23
- Contribution to Ch. 15: 2.34% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Sub-Chapter 1504

7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.

| FY | Exports (₹ Cr) | Exp share | Exp YoY | Exp % of Ch. 15 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Ch. 15 | Trade balance | Exp rank |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| FY 2018-19 | 51.70 | 0.0023% | — | 0.67% | 64.42 | 0.0018% | — | 0.09% | −12.72 | #833 |
| FY 2019-20 | 20.15 | 0.0009% | −61.03% | 0.24% | 86.28 | 0.0026% | +33.93% | 0.12% | −66.13 | #947 |
| FY 2020-21 | 7.38 | 0.0003% | −63.37% | 0.06% | 71.49 | 0.0025% | −17.14% | 0.09% | −64.11 | #1017 |
| FY 2021-22 | 20.55 | 0.0007% | +178.46% | 0.18% | 111.86 | 0.0024% | +56.47% | 0.08% | −91.31 | #968 |
| FY 2022-23 | 998.09 | 0.0276% | +4,756.89% | 6.02% | 94.63 | 0.0016% | −15.40% | 0.06% | +903.46 | #378 |
| FY 2023-24 | 573.26 | 0.0158% | −42.56% | 3.79% | 195.83 | 0.0035% | +106.94% | 0.16% | +377.43 | #491 |
| FY 2024-25 | 403.43 | 0.0109% | −29.63% | 2.34% | 205.76 | 0.0034% | +5.07% | 0.14% | +197.67 | #568 |

- CAGR (7-year): exports 40.84%/yr, imports 21.35%/yr (consistently Surplus)

## Key trade insights: HSN Sub-Chapter 1504 export-import analysis

### Consistent export growth: 40.84% CAGR over 7 years

India's exports under HSN Sub-Chapter 1504 have grown at a compound annual rate of 40.84% over 7 fiscal years, rising from ₹51.70 Crore in FY 2018-19 to ₹403.43 Crore in FY 2024-25.

### HSN Sub-Chapter 1504 ranked #568 among all 1233 sub-chapters by export value

In FY 2024-25, HSN Sub-Chapter 1504 ranks #568 out of 1233 sub-chapters by total export value. Within Chapter 15, it ranks #6 of 21. By trade surplus, it ranks #330 of 1233.

### FY 2022-23 was the strongest growth year for HSN Sub-Chapter 1504 exports

The strongest single-year export movement for HSN Sub-Chapter 1504 was recorded in FY 2022-23, when exports surged by 4,756.89% over the prior year.

### India maintains a trade surplus of ₹197.67 Crore in HSN Sub-Chapter 1504 goods

In FY 2024-25, India's exports of ₹403.43 Cr exceeded imports of ₹205.76 Cr, resulting in a trade surplus of ₹197.67 Crore — ranking #330 of 1233 by surplus magnitude.

### Import growth of 21.35% CAGR signals rising demand for Fish oils & their fractions

India's imports under HSN Sub-Chapter 1504 have grown at 21.35% CAGR, reaching ₹205.76 Crore in FY 2024-25.

### HSN Sub-Chapter 1504 contributes 2.34% of Chapter 15 exports — ranked #6

Among the 21 sub-chapters under Chapter 15, HSN Sub-Chapter 1504 ranks #6 by export value — accounting for 2.34% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.14% share (rank #9).

## Related Sub-Chapters in Chapter 15

Ranked by export value (FY 2024-25).

| Rank | HSN Sub-Chapter | Exports (FY 2024-25) |
| --- | --- | --- |
| #1 | [HSN Sub-Chapter 1515: Vegetable Oils & Fats](https://busy.in/hsn/sub-chapter-1515/) | ₹10,394 Cr |
| #2 | [HSN Sub-Chapter 1508: Ground-nut oil & fractions](https://busy.in/hsn/sub-chapter-1508/) | ₹3,109 Cr |
| #3 | [HSN Sub-Chapter 1516: Partially hydrogenated animal/veg oils](https://busy.in/hsn/sub-chapter-1516/) | ₹954 Cr |
| #4 | [HSN Sub-Chapter 1513: Coconut oil](https://busy.in/hsn/sub-chapter-1513/) | ₹451 Cr |
| #5 | [HSN Sub-Chapter 1502: Animal fats](https://busy.in/hsn/sub-chapter-1502/) | ₹441 Cr |
| #6 | HSN Sub-Chapter 1504: Fish oils & their fractions (this hsn sub-chapter) | ₹403 Cr |
| #7 | [HSN Sub-Chapter 1518: Animal & vegetable fats & oils](https://busy.in/hsn/sub-chapter-1518/) | ₹378 Cr |
| #8 | [HSN Sub-Chapter 1512: Sunflower seed oil & fractions](https://busy.in/hsn/sub-chapter-1512/) | ₹329 Cr |
| #9 | [HSN Sub-Chapter 1507: Soybean oil & fractions](https://busy.in/hsn/sub-chapter-1507/) | ₹219 Cr |
| #10 | [HSN Sub-Chapter 1514: Rape seed oil & fractions](https://busy.in/hsn/sub-chapter-1514/) | ₹214 Cr |

## Other sub-chapters

| Code | Title |
| --- | --- |
| 1501 | [Industrial ovens & furnaces](https://busy.in/hsn/sub-chapter-1501/) |
| 1502 | [Animal fats](https://busy.in/hsn/sub-chapter-1502/) |
| 1503 | [Lard products & oils](https://busy.in/hsn/sub-chapter-1503/) |
| 1505 | [Wool grease](https://busy.in/hsn/sub-chapter-1505/) |
| 1506 | [Animal fats & oils](https://busy.in/hsn/sub-chapter-1506/) |
| 1507 | [Soybean oil & fractions](https://busy.in/hsn/sub-chapter-1507/) |
| 1508 | [Ground-nut oil & fractions](https://busy.in/hsn/sub-chapter-1508/) |
| 1509 | [Concentrated milk & cream](https://busy.in/hsn/sub-chapter-1509/) |
| 1510 | [Olive oil & fractions, blends included](https://busy.in/hsn/sub-chapter-1510/) |
| 1511 | [Palm oil](https://busy.in/hsn/sub-chapter-1511/) |
| 1512 | [Sunflower seed oil & fractions](https://busy.in/hsn/sub-chapter-1512/) |
| 1513 | [Coconut oil](https://busy.in/hsn/sub-chapter-1513/) |
| 1514 | [Rape seed oil & fractions](https://busy.in/hsn/sub-chapter-1514/) |
| 1515 | [Vegetable Oils & Fats](https://busy.in/hsn/sub-chapter-1515/) |
| 1516 | [Partially hydrogenated animal/veg oils](https://busy.in/hsn/sub-chapter-1516/) |
| 1517 | [Margarine & fat mixes](https://busy.in/hsn/sub-chapter-1517/) |
| 1518 | [Animal & vegetable fats & oils](https://busy.in/hsn/sub-chapter-1518/) |
| 1520 | [Crude glycerol & glycerol waters](https://busy.in/hsn/sub-chapter-1520/) |
| 1521 | [Vegetable & insect waxes](https://busy.in/hsn/sub-chapter-1521/) |
| 1522 | [Degras from fatty substances](https://busy.in/hsn/sub-chapter-1522/) |