Consistent Export Growth: 9.98% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 1516 have grown at a compound annual rate of 9.98% over 7 fiscal years, rising from ₹539.23 Crore in FY 2018-19 to ₹954.15 Crore in FY 2024-25.
HSN Sub Chapter 1516 represents Partially hydrogenated animal/veg oils under GST classification. This code helps businesses identify Partially hydrogenated animal/veg oils correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 1516, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Partially hydrogenated animal/veg oils.
Join our guided walkthrough to see how BUSY can transform your business operations.
GST Rate for Partially hydrogenated animal/veg oils under HSN Code 1516. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Partially hydrogenated animal/veg oils.
Tariff HSN
Description
Animal fats and oils and their fractions
Tariff HSN
Description
Vegetable fats and oils and their fractions : Cotton Seed oil : Edible grade
Tariff HSN
Description
Vegetable fats and oils and their fractions : Cotton Seed oil : Other
Tariff HSN
Description
Vegetable fats and oils and their fractions : Groundnut oil : Edible grade
Tariff HSN
Description
Vegetable fats and oils and their fractions : Groundnut oil : other
Tariff HSN
Description
Vegetable fats and oils and their fractions : Hydrogenated castor oil (opal-wax) : Edible grade
Tariff HSN
Description
Vegetable fats and oils and their fractions : Hydrogenated castor oil (opal-wax) : Other
Tariff HSN
Description
Vegetable fats and oils and their fractions : Other : Edible grade
Tariff HSN
Description
Vegetable fats and oils and their fractions : Other : Other
Tariff HSN
Description
Microbial fats and oils and their fractions
India’s Exports
FY 2024-25₹954 Cr
0.0258% of India’s total exports
India’s Imports
FY 2024-25₹386 Cr
0.0063% of India’s total imports
Trade Balance
FY 2024-25₹568 Cr
Surplus rank #246 of 1233 subchapters
% of Chapter 15
FY 2024-255.52%
Share of Chapter 15’s total exports in FY 2024-25
Import side: 0.26% of Chapter 15’s imports
Rank Within Chapter 15
FY 2024-25#3 of 21
Position by export value among subchapters in Chapter 15
Import-side rank: #8 of 21
At a glance
9.98%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#399
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+48.76%
Peak Growth Year
FY 2022-23 · strongest single-year move
5.52%
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
+383.84
Exports
539.23 ₹ Cr
0.0235% share
— YoY
7.04% of Ch. 15
Imports
155.39 ₹ Cr
0.0043% share
— YoY
0.22% of Ch. 15
Balance
+438.01
Exports
608.69 ₹ Cr
0.0276% share
+12.88% YoY
7.38% of Ch. 15
Imports
170.68 ₹ Cr
0.0051% share
+9.84% YoY
0.24% of Ch. 15
Balance
+343.89
Exports
585.62 ₹ Cr
0.0272% share
−3.79% YoY
4.85% of Ch. 15
Imports
241.73 ₹ Cr
0.0083% share
+41.63% YoY
0.29% of Ch. 15
Balance
+386.77
Exports
793.82 ₹ Cr
0.0253% share
+35.55% YoY
6.89% of Ch. 15
Imports
407.05 ₹ Cr
0.0089% share
+68.39% YoY
0.28% of Ch. 15
Balance
+954.52
Exports
1,180.87 ₹ Cr
0.0326% share
+48.76% YoY
7.12% of Ch. 15
Imports
226.35 ₹ Cr
0.0039% share
−44.39% YoY
0.13% of Ch. 15
Balance
+599.82
Exports
781.24 ₹ Cr
0.0216% share
−33.84% YoY
5.17% of Ch. 15
Imports
181.42 ₹ Cr
0.0032% share
−19.85% YoY
0.15% of Ch. 15
Balance
+568.49
Exports
954.15 ₹ Cr
0.0258% share
+22.13% YoY
5.52% of Ch. 15
Imports
385.66 ₹ Cr
0.0063% share
+112.58% YoY
0.26% of Ch. 15
CAGR · 7-Year
Exports
9.98% /yr
Imports
16.36% /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 1516 have grown at a compound annual rate of 9.98% over 7 fiscal years, rising from ₹539.23 Crore in FY 2018-19 to ₹954.15 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 1516 ranks #399 out of 1233 subchapters by total export value. Within Chapter 15, it ranks #3 of 21. By trade surplus, it ranks #246 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 1516 was recorded in FY 2022-23, when exports surged by 48.76% over the prior year.
In FY 2024-25, India's exports of ₹954.15 Cr exceeded imports of ₹385.66 Cr, resulting in a trade surplus of ₹568.49 Crore — ranking #246 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 1516 have grown at 16.36% CAGR, reaching ₹385.66 Crore in FY 2024-25.
Among the 21 subchapters under Chapter 15, HSN Sub-Chapter 1516 ranks #3 by export value — accounting for 5.52% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.26% share (rank #8).
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 1516 and GST compliance.
It includes Partially hydrogenated animal/veg oils
Using a broad or incorrect HSN, ignoring material/form (e.g., raw vs processed), or mixing goods and services on one line. Always match wording to the HSN Notes and keep a classification working paper.
Use a delivery challan for sending Partially hydrogenated animal/veg oils 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.
Yes. Many food/agri goods are treated differently when sold as pre‑packaged & labelled retail packs versus loose/open packs. If Partially hydrogenated animal/veg oils 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.
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.