What products are classified under HSN 1514
It includes Rape seed oil & fractions
HSN Sub Chapter 1514 represents Rape seed oil & fractions under GST classification. This code helps businesses identify Rape seed oil & fractions correctly for billing, taxation, and trade. With HSN Sub Chapter 1514, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Rape seed oil & fractions.
GST Rate for Rape seed oil & fractions under HSN Code 1514. Understand Current Tax Rates, Exemptions, and Legal Classifications to Ensure Accurate Billing and GST Filing.
| Chapter No | HSN Code | HSN Description | New GST Rate | Old GST Rate |
|---|---|---|---|---|
| 15 | 1514 | Coconut (copra), palm kernel or babassu oil and fractions thereof, whether or not refined, but not chemically modified | 5% | 5% |
Chapter: 15
Description: Coconut (copra), palm kernel or babassu oil and fractions thereof, whether or not refined, but not chemically modified
Following Tariff HSN code falls under Rape seed oil & fractions:
| Tariff HSN | Description |
|---|---|
| Low erucic acid rape or colza oil and its fractions : Crude oil : Colza oil | |
| Low erucic acid rape or colza oil and its fractions : Crude oil : Rape oil | |
| Low erucic acid rape or colza oil and its fractions : Crude oil : Other | |
| Low erucic acid rape or colza oil and its fractions : Other : Refined colza oil of edible grade | |
| Low erucic acid rape or colza oil and its fractions : Other : Refined rapeseed oil of edible grade | |
| Low erucic acid rape or colza oil and its fractions : Other : Other | |
| Other : Crude oil : Colza oil | |
| Other : Crude oil : Mustard oil | |
| Other : Crude oil : Rapeseed oil | |
| Other : Other : Refined colza oil of edible grade | |
| Other : Other : Refined mustard oil of edible grade | |
| Other : Other : Refined rapeseed oil of edible grade | |
| Other : Other : Other |
Low erucic acid rape or colza oil and its fractions : Crude oil : Colza oil
Low erucic acid rape or colza oil and its fractions : Crude oil : Rape oil
Low erucic acid rape or colza oil and its fractions : Crude oil : Other
Low erucic acid rape or colza oil and its fractions : Other : Refined colza oil of edible grade
Low erucic acid rape or colza oil and its fractions : Other : Refined rapeseed oil of edible grade
Low erucic acid rape or colza oil and its fractions : Other : Other
Other : Crude oil : Colza oil
Other : Crude oil : Mustard oil
Other : Crude oil : Rapeseed oil
Other : Other : Refined colza oil of edible grade
Other : Other : Refined mustard oil of edible grade
Other : Other : Refined rapeseed oil of edible grade
Other : Other : Other
It includes Rape seed 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.
Use a delivery challan for sending Rape seed oil & fractions to the job worker. Declare movement in your records and reconcile when the goods return. If the job worker raises a service invoice, classify it under SAC; your goods remain under the original HSN.
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.
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.
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.
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.