1506 HSN Code: Animal fats & oils

HSN Sub Chapter 1506 represents Animal fats & oils under GST classification. This code helps businesses identify Animal fats & oils correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 1506, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Animal fats & oils.

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New GST Rate for HSN Code 1506

GST Rate for Animal fats & oils under HSN Code 1506. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

15

HSN Code

1506

HSN Description

therefrom (including lanolin)

New GST Rate

5 %
Essential

Old GST Rate

12 %

Tariff HSN Codes under HSN Sub Chapter 1506

Following tariff HSN codes fall under Animal fats & oils.

Tariff HSN

15060010

Description

Other animal fats and oils and their fractions, whether or not refined, but not chemically modified : Neats Foot oil and fats from bone or waste

Tariff HSN

15060090

Description

Other animal fats and oils and their fractions, whether or not refined, but not chemically modified : Other

India’s Trade Performance — HSN Sub-Chapter 1506 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

< ₹1 Crore

+240.00% vs FY 2023-24

0.0000% of India’s total exports

India’s Imports

FY 2024-25

Nil

First year of recorded data

0.0000% of India’s total imports

Trade Balance

FY 2024-25

< ₹1 Crore

Trade Surplus

Surplus rank #519 of 1233 subchapters

% of Chapter 15

FY 2024-25

0.00%

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

Import side: 0.00% of Chapter 15’s imports

Rank Within Chapter 15

FY 2024-25

#19 of 21

Position by export value among subchapters in Chapter 15

At a glance

60.35%

Export CAGR

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

#1174

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+240.00%

Peak Growth Year

FY 2024-25 · strongest single-year move

0.00%

Contribution to Ch. 15

Share of Chapter 15 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Sub-Chapter 1506

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 #1201

Balance

—

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.00% of Ch. 15

Imports

— ₹ Cr

— share

— YoY

— of Ch. 15

FY 2019-20 Exp. Rank #1191

Balance

—

Exports

< ₹1 Crore ₹ Cr

0.0000% share

0.00% YoY

0.00% of Ch. 15

Imports

— ₹ Cr

— share

— YoY

— of Ch. 15

FY 2020-21

Balance

—

Exports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Ch. 15

Imports

— ₹ Cr

— share

— YoY

— of Ch. 15

FY 2021-22 Exp. Rank #1190

Balance

+0.03

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.00% of Ch. 15

Imports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.00% of Ch. 15

FY 2022-23

Balance

0.00

Exports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Ch. 15

Imports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Ch. 15

FY 2023-24 Exp. Rank #1195

Balance

+0.05

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.00% of Ch. 15

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Ch. 15

FY 2024-25 Exp. Rank #1174

Balance

+0.17

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+240.00% YoY

0.00% of Ch. 15

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Ch. 15

CAGR · 7-Year

Exports

60.35% /yr

Imports

—

Consistently Surplus
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 1506 Export-Import Analysis

Consistent Export Growth: 60.35% CAGR Over 7 Years

India's exports under HSN Sub-Chapter 1506 have grown at a compound annual rate of 60.35% over 7 fiscal years, rising from ₹0.01 Crore in FY 2018-19 to ₹0.17 Crore in FY 2024-25.

HSN Sub-Chapter 1506 Ranked #1174 Among All 1233 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 1506 ranks #1174 out of 1233 subchapters by total export value. Within Chapter 15, it ranks #19 of 21. By trade surplus, it ranks #519 of 1233.

FY 2024-25 Was the Strongest Growth Year for HSN Sub-Chapter 1506 Exports

The strongest single-year export movement for HSN Sub-Chapter 1506 was recorded in FY 2024-25, when exports surged by 240.00% over the prior year.

India Maintains a Trade Surplus of ₹0.17 Crore in HSN Sub-Chapter 1506 Goods

In FY 2024-25, India's exports of ₹0.17 Cr exceeded imports of ₹0.00 Cr, resulting in a trade surplus of ₹0.17 Crore — ranking #519 of 1233 by surplus magnitude.

HSN Sub-Chapter 1506 Contributes 0.00% of Chapter 15 Exports — Ranked #19

Among the 21 subchapters under Chapter 15, HSN Sub-Chapter 1506 ranks #19 by export value — accounting for 0.00% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.00% share.

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 1506 and GST compliance.

What products are classified under HSN 1506

It includes Animal fats & oils

Does MRP, weight or pack size change GST treatment for Animal fats & oils?

Some entries use MRP/weight‑based conditions for classification. Keep pack size, retail marking and brand status on records and invoice to support the chosen HSN.

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

If your outward supply of Animal fats & oils 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.

What misclassification mistakes happen with Animal fats & oils?

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.

How are warranty replacements of Animal fats & oils 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.

How should I document Animal fats & oils sent for job work?

Use a delivery challan for sending Animal fats & oils to the job worker. Declare movement in your records and reconcile when the goods return. If the job worker raises a service invoice, classify it under SAC; your goods remain under the original HSN.

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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