---
title: "1508 HSN Code | HSN Code for Ground-nut oil & fractions in India"
description: "Know more about 1508 HSN Code with BUSY Accounting - HSN Tariff, GST Rates and case laws related to chapter 1508 covering Ground-nut oil & fractions."
canonical: "https://busy.in/hsn/sub-chapter-1508/"
---

# HSN Sub-chapter 1508: Ground-nut oil & fractions

Soya-bean oil and its fractions, 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: 5%

## HSN codes

| Code | Title |
| --- | --- |
| 15081000 | [Crude Soybean Oil](https://busy.in/hsn/hsn-15081000/) |
| 15089010 | [Other \| Deodorized (Salad Oil)](https://busy.in/hsn/hsn-15089010/) |
| 15089091 | [Other \| Other \| Edible Grade](https://busy.in/hsn/hsn-15089091/) |
| 15089099 | [Groundnut Oils and Fractions – Not Elsewhere Classified \| Other](https://busy.in/hsn/hsn-15089099/) |

## Frequently asked questions

### What products are classified under HSN 1508

It includes Ground-nut oil & fractions

### Is the composition scheme suitable if I mainly trade Ground-nut 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.

### How do I bill a kit or combo that includes Ground-nut oil & fractions?

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.

### Can I claim ITC on inputs and services used for Ground-nut oil & fractions?

If your outward supply of Ground-nut oil & fractions 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.

### How are warranty replacements of Ground-nut oil & 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.

### If I repair and return Ground-nut 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.

## India's trade performance: HSN Sub-Chapter 1508 (FY 2024-25)

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

- Exports: ₹3,109 Cr (+64.77% YoY) — 0.0840% of India's total exports
- Imports: ₹2 Cr (−65.38% YoY) — 0.0000% of India's total imports
- Trade balance: ₹3,108 Cr (Surplus); surplus rank #101 of 1233 sub-chapters
- Share of Chapter 15: 18.00% of its exports; import side 0.00%
- Rank within Chapter 15: #2 of 21 by export value; import-side #16

### Key metrics

- Export CAGR: 69.48% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #200 of 1233 sub-chapters by export value (FY 2024-25)
- Peak growth year: +758.41% in FY 2020-21
- Contribution to Ch. 15: 18.00% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Sub-Chapter 1508

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 | 131.19 | 0.0057% | — | 1.71% | 2.36 | 0.0001% | — | 0.00% | +128.83 | #670 |
| FY 2019-20 | 395.78 | 0.0179% | +201.68% | 4.80% | 3.31 | 0.0001% | +40.25% | 0.00% | +392.47 | #461 |
| FY 2020-21 | 3,397.40 | 0.1580% | +758.41% | 28.12% | 1.23 | 0.0000% | −62.84% | 0.00% | +3,396.17 | #129 |
| FY 2021-22 | 297.04 | 0.0095% | −91.26% | 2.58% | 4.00 | 0.0001% | +225.20% | 0.00% | +293.04 | #585 |
| FY 2022-23 | 1,967.27 | 0.0543% | +562.29% | 11.86% | 1.12 | 0.0000% | −72.00% | 0.00% | +1,966.15 | #248 |
| FY 2023-24 | 1,887.21 | 0.0522% | −4.07% | 12.49% | 4.91 | 0.0001% | +338.39% | 0.00% | +1,882.30 | #262 |
| FY 2024-25 | 3,109.47 | 0.0840% | +64.77% | 18.00% | 1.70 | 0.0000% | −65.38% | 0.00% | +3,107.77 | #200 |

- CAGR (7-year): exports 69.48%/yr, imports -5.32%/yr (consistently Surplus)

## Key trade insights: HSN Sub-Chapter 1508 export-import analysis

### Consistent export growth: 69.48% CAGR over 7 years

India's exports under HSN Sub-Chapter 1508 have grown at a compound annual rate of 69.48% over 7 fiscal years, rising from ₹131.19 Crore in FY 2018-19 to ₹3,109.47 Crore in FY 2024-25.

### HSN Sub-Chapter 1508 ranked #200 among all 1233 sub-chapters by export value

In FY 2024-25, HSN Sub-Chapter 1508 ranks #200 out of 1233 sub-chapters by total export value. Within Chapter 15, it ranks #2 of 21. By trade surplus, it ranks #101 of 1233.

### FY 2020-21 was the strongest growth year for HSN Sub-Chapter 1508 exports

The strongest single-year export movement for HSN Sub-Chapter 1508 was recorded in FY 2020-21, when exports surged by 758.41% over the prior year.

### India maintains a trade surplus of ₹3,107.77 Crore in HSN Sub-Chapter 1508 goods

In FY 2024-25, India's exports of ₹3,109.47 Cr exceeded imports of ₹1.70 Cr, resulting in a trade surplus of ₹3,107.77 Crore — ranking #101 of 1233 by surplus magnitude.

### Import growth of -5.32% CAGR signals stable import dependency for Ground-nut oil & fractions

India's imports under HSN Sub-Chapter 1508 have grown at -5.32% CAGR, reaching ₹1.70 Crore in FY 2024-25.

### HSN Sub-Chapter 1508 contributes 18.00% of Chapter 15 exports — ranked #2

Among the 21 sub-chapters under Chapter 15, HSN Sub-Chapter 1508 ranks #2 by export value — accounting for 18.00% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.00% share (rank #16).

## 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 (this hsn sub-chapter) | ₹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](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/) |
| 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/) |
| 1507 | [Soybean oil & fractions](https://busy.in/hsn/sub-chapter-1507/) |
| 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/) |