---
title: "1507 HSN Code | HSN Code for Soybean oil & fractions in India"
description: "Know more about 1507 HSN Code with BUSY Accounting - HSN Tariff, GST Rates and case laws related to chapter 1507 covering Soybean oil & fractions."
canonical: "https://busy.in/hsn/sub-chapter-1507/"
---

# HSN Sub-chapter 1507: Soybean oil & fractions

therefrom (including lanolin)

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: 5%

## HSN codes

| Code | Title |
| --- | --- |
| 15071000 | [Crude oil, whether or not degummed](https://busy.in/hsn/hsn-15071000/) |
| 15079010 | [Other \| Edible Grade](https://busy.in/hsn/hsn-15079010/) |
| 15079090 | [Other Animal Fats and Oils (Not Chemically Modified) \| Other](https://busy.in/hsn/hsn-15079090/) |

## Frequently asked questions

### What products are classified under HSN 1507

It includes Soybean oil & fractions

### Is the composition scheme suitable if I mainly trade Soybean oil & 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.

### What should my invoice and records include for Soybean oil & fractions?

Include HSN, exact description, pack size/grade, quantity, and if pre‑packaged & labelled. Maintain purchase specs, test reports (where relevant), and job‑work challans for audit trail.

### Can reverse charge ever apply to transactions involving Soybean oil & fractions?

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

### If I repair and return Soybean oil & 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.

### Any special steps when selling Soybean oil & fractions through an e‑commerce platform?

Ensure registration requirements are met and reconcile the operator’s TCS statements with your GSTR‑2B/3B. Map SKU descriptions to HSN to reduce mismatches and returns.

## India's trade performance: HSN Sub-Chapter 1507 (FY 2024-25)

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

- Exports: ₹219 Cr (+26.69% YoY) — 0.0059% of India's total exports
- Imports: ₹42,790 Cr (+56.77% YoY) — 0.7017% of India's total imports
- Trade balance: −₹42,571 Cr (Deficit); surplus rank #1200 of 1233 sub-chapters
- Share of Chapter 15: 1.27% of its exports; import side 28.79%
- Rank within Chapter 15: #9 of 21 by export value; import-side #2

### Key metrics

- Export CAGR: 22.12% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #685 of 1233 sub-chapters by export value (FY 2024-25)
- Peak growth year: +68.41% in FY 2019-20
- Contribution to Ch. 15: 1.27% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Sub-Chapter 1507

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 | 65.93 | 0.0029% | — | 0.86% | 16,544.43 | 0.4607% | — | 23.72% | −16,478.50 | #793 |
| FY 2019-20 | 111.03 | 0.0050% | +68.41% | 1.35% | 17,323.50 | 0.5164% | +4.71% | 24.77% | −17,212.47 | #708 |
| FY 2020-21 | 149.02 | 0.0069% | +34.22% | 1.23% | 23,152.68 | 0.7946% | +33.65% | 27.65% | −23,003.66 | #658 |
| FY 2021-22 | 156.57 | 0.0050% | +5.07% | 1.36% | 41,277.22 | 0.9031% | +78.28% | 28.62% | −41,120.65 | #709 |
| FY 2022-23 | 235.17 | 0.0065% | +50.20% | 1.42% | 47,258.58 | 0.8219% | +14.49% | 27.87% | −47,023.41 | #658 |
| FY 2023-24 | 172.62 | 0.0048% | −26.60% | 1.14% | 27,294.86 | 0.4860% | −42.24% | 21.90% | −27,122.24 | #719 |
| FY 2024-25 | 218.70 | 0.0059% | +26.69% | 1.27% | 42,789.85 | 0.7017% | +56.77% | 28.79% | −42,571.15 | #685 |

- CAGR (7-year): exports 22.12%/yr, imports 17.16%/yr (consistently Deficit)

## Key trade insights: HSN Sub-Chapter 1507 export-import analysis

### Consistent export growth: 22.12% CAGR over 7 years

India's exports under HSN Sub-Chapter 1507 have grown at a compound annual rate of 22.12% over 7 fiscal years, rising from ₹65.93 Crore in FY 2018-19 to ₹218.70 Crore in FY 2024-25.

### HSN Sub-Chapter 1507 ranked #685 among all 1233 sub-chapters by export value

In FY 2024-25, HSN Sub-Chapter 1507 ranks #685 out of 1233 sub-chapters by total export value. Within Chapter 15, it ranks #9 of 21. By trade surplus, it ranks #1200 of 1233.

### FY 2019-20 was the strongest growth year for HSN Sub-Chapter 1507 exports

The strongest single-year export movement for HSN Sub-Chapter 1507 was recorded in FY 2019-20, when exports surged by 68.41% over the prior year.

### India records a trade deficit of ₹42,571.15 Crore in HSN Sub-Chapter 1507 goods

In FY 2024-25, India's imports of ₹42,789.85 Cr exceeded exports of ₹218.70 Cr, resulting in a trade deficit of ₹42,571.15 Crore — ranking #1200 of 1233 by surplus magnitude.

### Import growth of 17.16% CAGR signals rising demand for Soybean oil & fractions

India's imports under HSN Sub-Chapter 1507 have grown at 17.16% CAGR, reaching ₹42,789.85 Crore in FY 2024-25.

### HSN Sub-Chapter 1507 contributes 1.27% of Chapter 15 exports — ranked #9

Among the 21 sub-chapters under Chapter 15, HSN Sub-Chapter 1507 ranks #9 by export value — accounting for 1.27% of the chapter's total exports in FY 2024-25. On the import side, it holds 28.79% share (rank #2).

## 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](https://busy.in/hsn/sub-chapter-1504/) | ₹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 (this hsn sub-chapter) | ₹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/) |
| 1504 | [Fish oils & their fractions](https://busy.in/hsn/sub-chapter-1504/) |
| 1505 | [Wool grease](https://busy.in/hsn/sub-chapter-1505/) |
| 1506 | [Animal fats & oils](https://busy.in/hsn/sub-chapter-1506/) |
| 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/) |