Consistent Export Growth: 33.07% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 1517 have grown at a compound annual rate of 33.07% over 7 fiscal years, rising from ₹38.34 Crore in FY 2018-19 to ₹212.88 Crore in FY 2024-25.
HSN Sub Chapter 1517 represents Margarine & fat mixes under GST classification. This code helps businesses identify Margarine & fat mixes correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 1517, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Margarine & fat mixes.
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GST Rate for Margarine & fat mixes under HSN Code 1517. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Chapter No
15HSN Code
HSN Description
Margarine; edible mixtures or preparations of animal, vegetable or microbial fats or oils or of fractions of different fats or oils of this chapter, other than edible fats and oils or their fractions of heading 1516
New GST Rate
Old GST Rate
Following tariff HSN codes fall under Margarine & fat mixes.
Tariff HSN
Description
Margarine, excluding liquid margarine : Of animal origin
Tariff HSN
Description
Margarine, excluding liquid margarine : Of vegetable origin : Edible grade
Tariff HSN
Description
Margarine, excluding liquid margarine : Of vegetable origin : Linoxyn
Tariff HSN
Description
Margarine, excluding liquid margarine : Of vegetable origin : Other
Tariff HSN
Description
Other : Sal fat (processed or refined)
Tariff HSN
Description
Other : Imitation lard of animal origin
Tariff HSN
Description
Other : Imitation lard of vegetable origin
Tariff HSN
Description
Other : Other (of vegetable origin)
Tariff HSN
Description
Other : Other
India’s Exports
FY 2024-25₹213 Cr
0.0057% of India’s total exports
India’s Imports
FY 2024-25₹32 Cr
0.0005% of India’s total imports
Trade Balance
FY 2024-25₹181 Cr
Surplus rank #344 of 1233 subchapters
% of Chapter 15
FY 2024-251.23%
Share of Chapter 15’s total exports in FY 2024-25
Import side: 0.02% of Chapter 15’s imports
Rank Within Chapter 15
FY 2024-25#11 of 21
Position by export value among subchapters in Chapter 15
Import-side rank: #14 of 21
At a glance
33.07%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#689
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+143.26%
Peak Growth Year
FY 2024-25 · strongest single-year move
1.23%
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
−4.74
Exports
38.34 ₹ Cr
0.0017% share
— YoY
0.50% of Ch. 15
Imports
43.08 ₹ Cr
0.0012% share
— YoY
0.06% of Ch. 15
Balance
−8.89
Exports
43.86 ₹ Cr
0.0020% share
+14.40% YoY
0.53% of Ch. 15
Imports
52.75 ₹ Cr
0.0016% share
+22.45% YoY
0.08% of Ch. 15
Balance
+9.13
Exports
69.75 ₹ Cr
0.0032% share
+59.03% YoY
0.58% of Ch. 15
Imports
60.62 ₹ Cr
0.0021% share
+14.92% YoY
0.07% of Ch. 15
Balance
−9.48
Exports
54.25 ₹ Cr
0.0017% share
−22.22% YoY
0.47% of Ch. 15
Imports
63.73 ₹ Cr
0.0014% share
+5.13% YoY
0.04% of Ch. 15
Balance
+39.77
Exports
116.72 ₹ Cr
0.0032% share
+115.15% YoY
0.70% of Ch. 15
Imports
76.95 ₹ Cr
0.0013% share
+20.74% YoY
0.05% of Ch. 15
Balance
+46.33
Exports
87.51 ₹ Cr
0.0024% share
−25.03% YoY
0.58% of Ch. 15
Imports
41.18 ₹ Cr
0.0007% share
−46.48% YoY
0.03% of Ch. 15
Balance
+180.60
Exports
212.88 ₹ Cr
0.0057% share
+143.26% YoY
1.23% of Ch. 15
Imports
32.28 ₹ Cr
0.0005% share
−21.61% YoY
0.02% of Ch. 15
CAGR · 7-Year
Exports
33.07% /yr
Imports
−4.70% /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 1517 have grown at a compound annual rate of 33.07% over 7 fiscal years, rising from ₹38.34 Crore in FY 2018-19 to ₹212.88 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 1517 ranks #689 out of 1233 subchapters by total export value. Within Chapter 15, it ranks #11 of 21. By trade surplus, it ranks #344 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 1517 was recorded in FY 2024-25, when exports surged by 143.26% over the prior year.
In FY 2024-25, India's exports of ₹212.88 Cr exceeded imports of ₹32.28 Cr, resulting in a trade surplus of ₹180.60 Crore — ranking #344 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 1517 have grown at −4.70% CAGR, reaching ₹32.28 Crore in FY 2024-25.
Among the 21 subchapters under Chapter 15, HSN Sub-Chapter 1517 ranks #11 by export value — accounting for 1.23% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.02% share (rank #14).
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 1517 and GST compliance.
It includes Margarine & fat mixes
Use a delivery challan for sending Margarine & fat mixes 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.
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.
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.
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.
Prefer separate lines per item with its HSN so each component follows its own tax treatment. If it is a naturally bundled supply, identify the principal supply and tax the whole bundle accordingly.