1505 HSN Code: Wool grease

HSN Sub Chapter 1505 represents Wool grease under GST classification. This code helps businesses identify Wool grease correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 1505, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Wool grease.

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New GST Rate for HSN Code 1505

GST Rate for Wool grease under HSN Code 1505. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

15

HSN Code

1505

HSN Description

wool grease and fatty substances derived

New GST Rate

5 %
Essential

Old GST Rate

12 %

Tariff HSN Codes under HSN Sub Chapter 1505

Following tariff HSN codes fall under Wool grease.

Tariff HSN

15050010

Description

Wool grease and fatty substances derived therefrom (including lanolin) : Wool alcohol (including lanolin alcohol)

Tariff HSN

15050020

Description

Wool grease and fatty substances derived therefrom (including lanolin) : Wool grease, crude

Tariff HSN

15050090

Description

Wool grease and fatty substances derived therefrom (including lanolin) : Other

India’s Trade Performance — HSN Sub-Chapter 1505 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

₹34 Cr

−11.87% vs FY 2023-24

0.0009% of India’s total exports

India’s Imports

FY 2024-25

₹51 Cr

+15.28% vs FY 2023-24

0.0008% of India’s total imports

Trade Balance

FY 2024-25

−₹17 Cr

Trade Deficit

Surplus rank #614 of 1233 subchapters

% of Chapter 15

FY 2024-25

0.20%

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

Import side: 0.03% of Chapter 15’s imports

Rank Within Chapter 15

FY 2024-25

#13 of 21

Position by export value among subchapters in Chapter 15

Import-side rank: #13 of 21

At a glance

18.65%

Export CAGR

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

#955

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+166.40%

Peak Growth Year

FY 2021-22 · strongest single-year move

0.20%

Contribution to Ch. 15

Share of Chapter 15 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Sub-Chapter 1505

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 #992

Balance

−1.69

Exports

12.24 ₹ Cr

0.0005% share

— YoY

0.16% of Ch. 15

Imports

13.93 ₹ Cr

0.0004% share

— YoY

0.02% of Ch. 15

FY 2019-20 Exp. Rank #977

Balance

−9.35

Exports

14.20 ₹ Cr

0.0006% share

+16.01% YoY

0.17% of Ch. 15

Imports

23.55 ₹ Cr

0.0007% share

+69.06% YoY

0.03% of Ch. 15

FY 2020-21 Exp. Rank #938

Balance

−20.79

Exports

21.49 ₹ Cr

0.0010% share

+51.34% YoY

0.18% of Ch. 15

Imports

42.28 ₹ Cr

0.0015% share

+79.53% YoY

0.05% of Ch. 15

FY 2021-22 Exp. Rank #860

Balance

−8.54

Exports

57.25 ₹ Cr

0.0018% share

+166.40% YoY

0.50% of Ch. 15

Imports

65.79 ₹ Cr

0.0014% share

+55.61% YoY

0.05% of Ch. 15

FY 2022-23 Exp. Rank #899

Balance

−17.65

Exports

47.39 ₹ Cr

0.0013% share

−17.22% YoY

0.29% of Ch. 15

Imports

65.04 ₹ Cr

0.0011% share

−1.14% YoY

0.04% of Ch. 15

FY 2023-24 Exp. Rank #936

Balance

−5.82

Exports

38.75 ₹ Cr

0.0011% share

−18.23% YoY

0.26% of Ch. 15

Imports

44.57 ₹ Cr

0.0008% share

−31.47% YoY

0.04% of Ch. 15

FY 2024-25 Exp. Rank #955

Balance

−17.23

Exports

34.15 ₹ Cr

0.0009% share

−11.87% YoY

0.20% of Ch. 15

Imports

51.38 ₹ Cr

0.0008% share

+15.28% YoY

0.03% of Ch. 15

CAGR · 7-Year

Exports

18.65% /yr

Imports

24.30% /yr

Consistently Deficit
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 1505 Export-Import Analysis

Consistent Export Growth: 18.65% CAGR Over 7 Years

India's exports under HSN Sub-Chapter 1505 have grown at a compound annual rate of 18.65% over 7 fiscal years, rising from ₹12.24 Crore in FY 2018-19 to ₹34.15 Crore in FY 2024-25.

HSN Sub-Chapter 1505 Ranked #955 Among All 1233 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 1505 ranks #955 out of 1233 subchapters by total export value. Within Chapter 15, it ranks #13 of 21. By trade surplus, it ranks #614 of 1233.

FY 2021-22 Was the Strongest Growth Year for HSN Sub-Chapter 1505 Exports

The strongest single-year export movement for HSN Sub-Chapter 1505 was recorded in FY 2021-22, when exports surged by 166.40% over the prior year.

India Records a Trade Deficit of ₹17.23 Crore in HSN Sub-Chapter 1505 Goods

In FY 2024-25, India's imports of ₹51.38 Cr exceeded exports of ₹34.15 Cr, resulting in a trade deficit of ₹17.23 Crore — ranking #614 of 1233 by surplus magnitude.

Import Growth of 24.30% CAGR Signals Rising Demand for Wool grease

India's imports under HSN Sub-Chapter 1505 have grown at 24.30% CAGR, reaching ₹51.38 Crore in FY 2024-25.

HSN Sub-Chapter 1505 Contributes 0.20% of Chapter 15 Exports — Ranked #13

Among the 21 subchapters under Chapter 15, HSN Sub-Chapter 1505 ranks #13 by export value — accounting for 0.20% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.03% share (rank #13).

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 1505 and GST compliance.

What products are classified under HSN 1505

It includes Wool grease

What are the e‑way bill and e‑invoice points while moving Wool grease?

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.

Does packaging or branding change how GST applies to Wool grease?

Yes. Many food/agri goods are treated differently when sold as pre‑packaged & labelled retail packs versus loose/open packs. If Wool grease 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.

How are warranty replacements of Wool grease 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.

Can I claim ITC on inputs and services used for Wool grease?

If your outward supply of Wool grease 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.

Do spares or accessories of Wool grease 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.

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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