Find GST Rates & HSN

1508 HSN Code: Ground-nut oil & fractions

HSN Sub Chapter 1508 represents Ground-nut oil & fractions under GST classification. This code helps businesses identify Ground-nut oil & fractions correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 1508, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Ground-nut oil & fractions.

Free Live Demo Available Today

Don’t Let HSN Mistakes Affect Your GST Filing

Manage correct HSN codes and GST rates with BUSY.

Trusted by 6,00,000+ Users
4.5 Google Rating
40K+ Monthly Downloads
Free Mobile App
+91

* No credit card required

New GST Rate for HSN Code 1508

GST Rate for Ground-nut oil & fractions under HSN Code 1508. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

15

HSN Code

1508

HSN Description

Soya-bean oil and its fractions, whether or not refined, but not chemically modified

New GST Rate

5 %
Essential

Old GST Rate

5 %

Tariff HSN Codes under HSN Sub Chapter 1508

Following tariff HSN codes fall under Ground-nut oil & fractions.

Tariff HSN

15081000

Description

Crude oil

Tariff HSN

15089010

Description

Other : Deodorized (Salad Oil)

Tariff HSN

15089091

Description

Other : Other : Edible grade

Tariff HSN

15089099

Description

Other : Other : Other

Stop worrying about HSN & TAX compliance

BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.

Automatic Updates
Error-free GSTR
6,00,000+ Happy Users
+91

* No credit card required

India’s Trade Performance — HSN Sub-Chapter 1508 in FY 2025-26

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2025-26 Values in ₹ Crore

India’s Exports

FY 2025-26

₹2,174 Cr

−30.07% vs FY 2024-25

0.0557% of India’s total exports

India’s Imports

FY 2025-26

₹14 Cr

+716.47% vs FY 2024-25

0.0002% of India’s total imports

Trade Balance

FY 2025-26

₹2,160 Cr

Trade Surplus

Surplus rank #141 of 1233 subchapters

% of Chapter 15

FY 2025-26

11.05%

Share of Chapter 15’s total exports in FY 2025-26

Import side: 0.01% of Chapter 15’s imports

Rank Within Chapter 15

FY 2025-26

#2 of 21

Position by export value among subchapters in Chapter 15

Import-side rank: #16 of 21

At a glance

49.35%

Export CAGR

FY 2018-19 → FY 2025-26 · 8 fiscal years

#271

National Export Rank

of 1233 subchapters by export value, FY 2025-26

+758.41%

Peak Growth Year

FY 2020-21 · strongest single-year move

11.05%

Contribution to Ch. 15

Share of Chapter 15 exports in FY 2025-26

India Export-Import Trade Statistics for HSN Sub-Chapter 1508

8-year export and import data, FY 2018-19 to FY 2025-26, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.

FY 2018-19 Exp. Rank #670

Balance

+128.83

Exports

131.19 ₹ Cr

0.0057% share

— YoY

1.71% of Ch. 15

Imports

2.36 ₹ Cr

0.0001% share

— YoY

0.00% of Ch. 15

FY 2019-20 Exp. Rank #461

Balance

+392.47

Exports

395.78 ₹ Cr

0.0179% share

+201.68% YoY

4.80% of Ch. 15

Imports

3.31 ₹ Cr

0.0001% share

+40.25% YoY

0.00% of Ch. 15

FY 2020-21 Exp. Rank #129

Balance

+3,396.17

Exports

3,397.40 ₹ Cr

0.1580% share

+758.41% YoY

28.12% of Ch. 15

Imports

1.23 ₹ Cr

0.0000% share

−62.84% YoY

0.00% of Ch. 15

FY 2021-22 Exp. Rank #585

Balance

+293.04

Exports

297.04 ₹ Cr

0.0095% share

−91.26% YoY

2.58% of Ch. 15

Imports

4.00 ₹ Cr

0.0001% share

+225.20% YoY

0.00% of Ch. 15

FY 2022-23 Exp. Rank #248

Balance

+1,966.15

Exports

1,967.27 ₹ Cr

0.0543% share

+562.29% YoY

11.86% of Ch. 15

Imports

1.12 ₹ Cr

0.0000% share

−72.00% YoY

0.00% of Ch. 15

FY 2023-24 Exp. Rank #262

Balance

+1,882.30

Exports

1,887.21 ₹ Cr

0.0522% share

−4.07% YoY

12.49% of Ch. 15

Imports

4.91 ₹ Cr

0.0001% share

+338.39% YoY

0.00% of Ch. 15

FY 2024-25 Exp. Rank #200

Balance

+3,107.77

Exports

3,109.47 ₹ Cr

0.0840% share

+64.77% YoY

18.00% of Ch. 15

Imports

1.70 ₹ Cr

0.0000% share

−65.38% YoY

0.00% of Ch. 15

FY 2025-26 Exp. Rank #271

Balance

+2,160.48

Exports

2,174.36 ₹ Cr

0.0557% share

−30.07% YoY

11.05% of Ch. 15

Imports

13.88 ₹ Cr

0.0002% share

+716.47% YoY

0.01% of Ch. 15

CAGR · 8-Year

Exports

49.35% /yr

Imports

28.80% /yr

Consistently Surplus
Chapter 15 total

reference, FY 2025-26

Export

₹19,683.47 Cr

Import

₹1,74,760.77 Cr

Trade Balance

−1,55,077.30

Peak export growth year Latest available data Not available YoY = change vs previous FY

Key Trade Insights: HSN Sub-Chapter 1508 Export-Import Analysis

Consistent Export Growth: 49.35% CAGR Over 8 Years

India's exports under HSN Sub-Chapter 1508 have grown at a compound annual rate of 49.35% over 8 fiscal years, rising from ₹131.19 Crore in FY 2018-19 to ₹2,174.36 Crore in FY 2025-26.

HSN Sub-Chapter 1508 Ranked #271 Among All 1233 Subchapters by Export Value

In FY 2025-26, HSN Sub-Chapter 1508 ranks #271 out of 1233 subchapters by total export value. Within Chapter 15, it ranks #2 of 21. By trade surplus, it ranks #141 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 ₹2,160.48 Crore in HSN Sub-Chapter 1508 Goods

In FY 2025-26, India's exports of ₹2,174.36 Cr exceeded imports of ₹13.88 Cr, resulting in a trade surplus of ₹2,160.48 Crore — ranking #141 of 1233 by surplus magnitude.

Import Growth of 28.80% CAGR Signals Rising Demand for Ground-nut oil & fractions

India's imports under HSN Sub-Chapter 1508 have grown at 28.80% CAGR, reaching ₹13.88 Crore in FY 2025-26.

HSN Sub-Chapter 1508 Contributes 11.05% of Chapter 15 Exports — Ranked #2

Among the 21 subchapters under Chapter 15, HSN Sub-Chapter 1508 ranks #2 by export value — accounting for 11.05% of the chapter's total exports in FY 2025-26. On the import side, it holds 0.01% share (rank #16).

Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 1508 and GST compliance.

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.

Found this useful? Add BUSY as a preferred source to see more of us on Google.

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.

Explore More HSN Codes from Chapter 15