1511 HSN Code: Palm oil

HSN Sub Chapter 1511 represents Palm oil under GST classification. This code helps businesses identify Palm oil correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 1511, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Palm oil.

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New GST Rate for HSN Code 1511

GST Rate for Palm oil under HSN Code 1511. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

15

HSN Code

1511

HSN Description

Other oils and their fractions obtained solely from olives, whether or not refined, but not chemically modified, including blends of these oils or fractions with oils or fractions of heading 1509

New GST Rate

5 %
Essential

Old GST Rate

5 %

Tariff HSN Codes under HSN Sub Chapter 1511

Following tariff HSN codes fall under Palm oil.

Tariff HSN

15111000

Description

Crude oil

Tariff HSN

15119010

Description

Other : Refined bleached deodorised palm oil

Tariff HSN

15119020

Description

Other : Refined bleached deodorised palmolein

Tariff HSN

15119030

Description

Other : Refined bleached deodorised palm stearin

Tariff HSN

15119090

Description

Other : Other

India’s Trade Performance — HSN Sub-Chapter 1511 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

₹30 Cr

−24.32% vs FY 2023-24

0.0008% of India’s total exports

India’s Imports

FY 2024-25

₹70,198 Cr

+3.01% vs FY 2023-24

1.1511% of India’s total imports

Trade Balance

FY 2024-25

−₹70,168 Cr

Trade Deficit

Surplus rank #1204 of 1233 subchapters

% of Chapter 15

FY 2024-25

0.17%

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

Import side: 47.23% of Chapter 15’s imports

Rank Within Chapter 15

FY 2024-25

#14 of 21

Position by export value among subchapters in Chapter 15

Import-side rank: #1 of 21

At a glance

80.68%

Export CAGR

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

#964

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+1,684.11%

Peak Growth Year

FY 2021-22 · strongest single-year move

0.17%

Contribution to Ch. 15

Share of Chapter 15 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Sub-Chapter 1511

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 #1140

Balance

−36,632.14

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.01% of Ch. 15

Imports

36,632.99 ₹ Cr

1.0201% share

— YoY

52.52% of Ch. 15

FY 2019-20 Exp. Rank #1066

Balance

−36,369.42

Exports

3.47 ₹ Cr

0.0002% share

+308.24% YoY

0.04% of Ch. 15

Imports

36,372.89 ₹ Cr

1.0843% share

−0.71% YoY

52.01% of Ch. 15

FY 2020-21 Exp. Rank #1004

Balance

−42,738.78

Exports

8.37 ₹ Cr

0.0004% share

+141.21% YoY

0.07% of Ch. 15

Imports

42,747.15 ₹ Cr

1.4670% share

+17.52% YoY

51.05% of Ch. 15

FY 2021-22 Exp. Rank #716

Balance

−75,578.39

Exports

149.33 ₹ Cr

0.0048% share

+1,684.11% YoY

1.30% of Ch. 15

Imports

75,727.72 ₹ Cr

1.6568% share

+77.15% YoY

52.50% of Ch. 15

FY 2022-23 Exp. Rank #949

Balance

−93,066.96

Exports

29.56 ₹ Cr

0.0008% share

−80.20% YoY

0.18% of Ch. 15

Imports

93,096.52 ₹ Cr

1.6192% share

+22.94% YoY

54.91% of Ch. 15

FY 2023-24 Exp. Rank #935

Balance

−68,107.05

Exports

39.07 ₹ Cr

0.0011% share

+32.17% YoY

0.26% of Ch. 15

Imports

68,146.12 ₹ Cr

1.2135% share

−26.80% YoY

54.68% of Ch. 15

FY 2024-25 Exp. Rank #964

Balance

−70,168.40

Exports

29.57 ₹ Cr

0.0008% share

−24.32% YoY

0.17% of Ch. 15

Imports

70,197.97 ₹ Cr

1.1511% share

+3.01% YoY

47.23% of Ch. 15

CAGR · 7-Year

Exports

80.68% /yr

Imports

11.45% /yr

Consistently Deficit
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 1511 Export-Import Analysis

Consistent Export Growth: 80.68% CAGR Over 7 Years

India's exports under HSN Sub-Chapter 1511 have grown at a compound annual rate of 80.68% over 7 fiscal years, rising from ₹0.85 Crore in FY 2018-19 to ₹29.57 Crore in FY 2024-25.

HSN Sub-Chapter 1511 Ranked #964 Among All 1233 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 1511 ranks #964 out of 1233 subchapters by total export value. Within Chapter 15, it ranks #14 of 21. By trade surplus, it ranks #1204 of 1233.

FY 2021-22 Was the Strongest Growth Year for HSN Sub-Chapter 1511 Exports

The strongest single-year export movement for HSN Sub-Chapter 1511 was recorded in FY 2021-22, when exports surged by 1,684.11% over the prior year.

India Records a Trade Deficit of ₹70,168.40 Crore in HSN Sub-Chapter 1511 Goods

In FY 2024-25, India's imports of ₹70,197.97 Cr exceeded exports of ₹29.57 Cr, resulting in a trade deficit of ₹70,168.40 Crore — ranking #1204 of 1233 by surplus magnitude.

Import Growth of 11.45% CAGR Signals Rising Demand for Palm oil

India's imports under HSN Sub-Chapter 1511 have grown at 11.45% CAGR, reaching ₹70,197.97 Crore in FY 2024-25.

HSN Sub-Chapter 1511 Contributes 0.17% of Chapter 15 Exports — Ranked #14

Among the 21 subchapters under Chapter 15, HSN Sub-Chapter 1511 ranks #14 by export value — accounting for 0.17% of the chapter's total exports in FY 2024-25. On the import side, it holds 47.23% share (rank #1).

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 1511 and GST compliance.

What products are classified under HSN 1511

It includes Palm oil

How are warranty replacements of Palm oil 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.

Can I claim ITC on inputs and services used for Palm oil?

If your outward supply of Palm oil 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.

Does MRP, weight or pack size change GST treatment for Palm oil?

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 reverse charge ever apply to transactions involving Palm oil?

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

Do spares or accessories of Palm oil follow the same HSN?

Not always. Spares are often classified by their own description or by the function/part rule. Check if a specific sub‑heading exists for parts of the main item and describe the part on the invoice.

Any special steps when selling Palm oil 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.

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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