Consistent Export Growth: 24.24% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 1509 have grown at a compound annual rate of 24.24% over 7 fiscal years, rising from ₹0.93 Crore in FY 2018-19 to ₹3.42 Crore in FY 2024-25.
HSN Sub Chapter 1509 represents Concentrated milk & cream under GST classification. This code helps businesses identify Concentrated milk & cream correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 1509, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Concentrated milk & cream.
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GST Rate for Concentrated milk & cream under HSN Code 1509. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Concentrated milk & cream.
Tariff HSN
Description
Olive oil and its fractions, whether or not refined, but not chemically modified virgin
Tariff HSN
Description
Extra virgin olive oil
Tariff HSN
Description
Virgin olive oil
Tariff HSN
Description
Other virgin olive oils
Tariff HSN
Description
Other : Edible grade
Tariff HSN
Description
Other : Other
India’s Exports
FY 2024-25₹3 Cr
0.0001% of India’s total exports
India’s Imports
FY 2024-25₹405 Cr
0.0066% of India’s total imports
Trade Balance
FY 2024-25−₹401 Cr
Surplus rank #846 of 1233 subchapters
% of Chapter 15
FY 2024-250.02%
Share of Chapter 15’s total exports in FY 2024-25
Import side: 0.27% of Chapter 15’s imports
Rank Within Chapter 15
FY 2024-25#16 of 21
Position by export value among subchapters in Chapter 15
Import-side rank: #7 of 21
At a glance
24.24%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#1106
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+109.82%
Peak Growth Year
FY 2024-25 · strongest single-year move
0.02%
Contribution to Ch. 15
Share of Chapter 15 exports in FY 2024-25
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
−336.09
Exports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
0.01% of Ch. 15
Imports
337.02 ₹ Cr
0.0094% share
— YoY
0.48% of Ch. 15
Balance
−183.98
Exports
1.79 ₹ Cr
0.0001% share
+92.47% YoY
0.02% of Ch. 15
Imports
185.77 ₹ Cr
0.0055% share
−44.88% YoY
0.27% of Ch. 15
Balance
−236.56
Exports
1.83 ₹ Cr
0.0001% share
+2.23% YoY
0.02% of Ch. 15
Imports
238.39 ₹ Cr
0.0082% share
+28.33% YoY
0.28% of Ch. 15
Balance
−339.23
Exports
1.41 ₹ Cr
0.0000% share
−22.95% YoY
0.01% of Ch. 15
Imports
340.64 ₹ Cr
0.0075% share
+42.89% YoY
0.24% of Ch. 15
Balance
−314.87
Exports
2.03 ₹ Cr
0.0001% share
+43.97% YoY
0.01% of Ch. 15
Imports
316.90 ₹ Cr
0.0055% share
−6.97% YoY
0.19% of Ch. 15
Balance
−393.61
Exports
1.63 ₹ Cr
0.0000% share
−19.70% YoY
0.01% of Ch. 15
Imports
395.24 ₹ Cr
0.0070% share
+24.72% YoY
0.32% of Ch. 15
Balance
−401.17
Exports
3.42 ₹ Cr
0.0001% share
+109.82% YoY
0.02% of Ch. 15
Imports
404.59 ₹ Cr
0.0066% share
+2.37% YoY
0.27% of Ch. 15
CAGR · 7-Year
Exports
24.24% /yr
Imports
3.09% /yr
reference, FY 2024-25
Export
₹17,272.98 Cr
Import
₹1,48,631.21 Cr
Trade Balance
−1,31,358.23
India's exports under HSN Sub-Chapter 1509 have grown at a compound annual rate of 24.24% over 7 fiscal years, rising from ₹0.93 Crore in FY 2018-19 to ₹3.42 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 1509 ranks #1106 out of 1233 subchapters by total export value. Within Chapter 15, it ranks #16 of 21. By trade surplus, it ranks #846 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 1509 was recorded in FY 2024-25, when exports surged by 109.82% over the prior year.
In FY 2024-25, India's imports of ₹404.59 Cr exceeded exports of ₹3.42 Cr, resulting in a trade deficit of ₹401.17 Crore — ranking #846 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 1509 have grown at 3.09% CAGR, reaching ₹404.59 Crore in FY 2024-25.
Among the 21 subchapters under Chapter 15, HSN Sub-Chapter 1509 ranks #16 by export value — accounting for 0.02% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.27% share (rank #7).
BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.
Clear answers to common queries about HSN Sub Chapter 1509 and GST compliance.
It includes Concentrated milk & cream
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.
Yes. Many food/agri goods are treated differently when sold as pre‑packaged & labelled retail packs versus loose/open packs. If Concentrated milk & cream 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.
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.
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.
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.