1514 HSN Code: 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 purposes. With HSN Sub Chapter 1514, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Rape seed oil & fractions.

Live Demo Available Today

Experience the power of Expert Accounting

Join our guided walkthrough to see how BUSY can transform your business operations.

Trusted by 6,00,000+ Users
4.6 Google Rating
+91
expand_more

* No credit card required

New GST Rate for HSN Code 1514

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

15

HSN Code

1514

HSN Description

Coconut (copra), palm kernel or babassu oil and fractions thereof, whether or not refined, but not chemically modified

New GST Rate

5 %
Essential

Old GST Rate

5 %

Tariff HSN Codes under HSN Sub Chapter 1514

Following tariff HSN codes fall under Rape seed oil & fractions.

Tariff HSN

15141110

Description

Low erucic acid rape or colza oil and its fractions : Crude oil : Colza oil

Tariff HSN

15141120

Description

Low erucic acid rape or colza oil and its fractions : Crude oil : Rape oil

Tariff HSN

15141190

Description

Low erucic acid rape or colza oil and its fractions : Crude oil : Other

Tariff HSN

15141910

Description

Low erucic acid rape or colza oil and its fractions : Other : Refined colza oil of edible grade

Tariff HSN

15141920

Description

Low erucic acid rape or colza oil and its fractions : Other : Refined rapeseed oil of edible grade

Tariff HSN

15141990

Description

Low erucic acid rape or colza oil and its fractions : Other : Other

Tariff HSN

15149110

Description

Other : Crude oil : Colza oil

Tariff HSN

15149120

Description

Other : Crude oil : Mustard oil

Tariff HSN

15149190

Description

Other : Crude oil : Rapeseed oil

Tariff HSN

15149910

Description

Other : Other : Refined colza oil of edible grade

Tariff HSN

15149920

Description

Other : Other : Refined mustard oil of edible grade

Tariff HSN

15149930

Description

Other : Other : Refined rapeseed oil of edible grade

Tariff HSN

15149990

Description

Other : Other : Other

India’s Trade Performance — HSN Sub-Chapter 1514 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

₹214 Cr

+10.85% vs FY 2023-24

0.0058% of India’s total exports

India’s Imports

FY 2024-25

₹123 Cr

+80.57% vs FY 2023-24

0.0020% of India’s total imports

Trade Balance

FY 2024-25

₹91 Cr

Trade Surplus

Surplus rank #393 of 1233 subchapters

% of Chapter 15

FY 2024-25

1.24%

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

Import side: 0.08% of Chapter 15’s imports

Rank Within Chapter 15

FY 2024-25

#10 of 21

Position by export value among subchapters in Chapter 15

Import-side rank: #10 of 21

At a glance

26.77%

Export CAGR

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

#687

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+105.38%

Peak Growth Year

FY 2020-21 · strongest single-year move

1.24%

Contribution to Ch. 15

Share of Chapter 15 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Sub-Chapter 1514

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 #834

Balance

−805.49

Exports

51.55 ₹ Cr

0.0022% share

— YoY

0.67% of Ch. 15

Imports

857.04 ₹ Cr

0.0239% share

— YoY

1.23% of Ch. 15

FY 2019-20 Exp. Rank #835

Balance

−286.71

Exports

52.07 ₹ Cr

0.0024% share

+1.01% YoY

0.63% of Ch. 15

Imports

338.78 ₹ Cr

0.0101% share

−60.47% YoY

0.48% of Ch. 15

FY 2020-21 Exp. Rank #708

Balance

−165.39

Exports

106.94 ₹ Cr

0.0050% share

+105.38% YoY

0.89% of Ch. 15

Imports

272.33 ₹ Cr

0.0093% share

−19.61% YoY

0.33% of Ch. 15

FY 2021-22 Exp. Rank #758

Balance

−447.75

Exports

115.59 ₹ Cr

0.0037% share

+8.09% YoY

1.00% of Ch. 15

Imports

563.34 ₹ Cr

0.0123% share

+106.86% YoY

0.39% of Ch. 15

FY 2022-23 Exp. Rank #709

Balance

+130.98

Exports

172.36 ₹ Cr

0.0048% share

+49.11% YoY

1.04% of Ch. 15

Imports

41.38 ₹ Cr

0.0007% share

−92.65% YoY

0.02% of Ch. 15

FY 2023-24 Exp. Rank #699

Balance

+125.06

Exports

193.04 ₹ Cr

0.0053% share

+12.00% YoY

1.28% of Ch. 15

Imports

67.98 ₹ Cr

0.0012% share

+64.28% YoY

0.05% of Ch. 15

FY 2024-25 Exp. Rank #687

Balance

+91.24

Exports

213.99 ₹ Cr

0.0058% share

+10.85% YoY

1.24% of Ch. 15

Imports

122.75 ₹ Cr

0.0020% share

+80.57% YoY

0.08% of Ch. 15

CAGR · 7-Year

Exports

26.77% /yr

Imports

−27.67% /yr

Consistently Surplus
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 1514 Export-Import Analysis

Consistent Export Growth: 26.77% CAGR Over 7 Years

India's exports under HSN Sub-Chapter 1514 have grown at a compound annual rate of 26.77% over 7 fiscal years, rising from ₹51.55 Crore in FY 2018-19 to ₹213.99 Crore in FY 2024-25.

HSN Sub-Chapter 1514 Ranked #687 Among All 1233 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 1514 ranks #687 out of 1233 subchapters by total export value. Within Chapter 15, it ranks #10 of 21. By trade surplus, it ranks #393 of 1233.

FY 2020-21 Was the Strongest Growth Year for HSN Sub-Chapter 1514 Exports

The strongest single-year export movement for HSN Sub-Chapter 1514 was recorded in FY 2020-21, when exports surged by 105.38% over the prior year.

India Maintains a Trade Surplus of ₹91.24 Crore in HSN Sub-Chapter 1514 Goods

In FY 2024-25, India's exports of ₹213.99 Cr exceeded imports of ₹122.75 Cr, resulting in a trade surplus of ₹91.24 Crore — ranking #393 of 1233 by surplus magnitude.

Import Growth of −27.67% CAGR Signals Stable Import Dependency for Rape seed oil & fractions

India's imports under HSN Sub-Chapter 1514 have grown at −27.67% CAGR, reaching ₹122.75 Crore in FY 2024-25.

HSN Sub-Chapter 1514 Contributes 1.24% of Chapter 15 Exports — Ranked #10

Among the 21 subchapters under Chapter 15, HSN Sub-Chapter 1514 ranks #10 by export value — accounting for 1.24% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.08% share (rank #10).

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
expand_more

* No credit card required

Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 1514 and GST compliance.

What products are classified under HSN 1514

It includes Rape seed oil & fractions

What should my invoice and records include for 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.

How should I document Rape seed oil & fractions sent for job work?

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.

If I repair and return Rape seed 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.

Is the composition scheme suitable if I mainly trade Rape seed 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.

Do spares or accessories of Rape seed oil & fractions 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.

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