--- title: "1520 HSN Code | HSN Code for Crude glycerol & glycerol waters in India" description: "Know more about 1520 HSN Code with BUSY Accounting - HSN Tariff, GST Rates and case laws related to chapter 1520 covering Crude glycerol & glycerol waters." canonical: "https://busy.in/hsn/sub-chapter-1520/" --- # HSN Sub-chapter 1520: Crude glycerol & glycerol waters Glycerol, crude; glycerol waters and glycerol lyes Part of [Chapter 15: Animal or Vegetable Fats, Oils and Their Cleavage Products](https://busy.in/hsn/chapter-15/). - Current GST rate: 18% - Earlier GST rate: 18% ## HSN codes | Code | Title | | --- | --- | | 15200000 | [Glycerol, crude; glycerol waters & lyes](https://busy.in/hsn/hsn-15200000/) | ## Frequently asked questions ### What products are classified under HSN 1520 It includes Crude glycerol & glycerol waters ### How are warranty replacements of Crude glycerol & glycerol waters 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. ### Is the composition scheme suitable if I mainly trade Crude glycerol & glycerol waters? 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. ### Can reverse charge ever apply to transactions involving Crude glycerol & glycerol waters? Reverse charge in goods is notified only for specific categories. Most regular B2B sales of Crude glycerol & glycerol waters are forward charge. Check the current notifications for any special cases before deciding. ### Do spares or accessories of Crude glycerol & glycerol waters 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. ### What misclassification mistakes happen with Crude glycerol & glycerol waters? 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. ## India's trade performance: HSN Sub-Chapter 1520 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹24 Cr (+12.05% YoY) — 0.0006% of India's total exports - Imports: ₹438 Cr (+47.99% YoY) — 0.0072% of India's total imports - Trade balance: −₹414 Cr (Deficit); surplus rank #848 of 1233 sub-chapters - Share of Chapter 15: 0.14% of its exports; import side 0.29% - Rank within Chapter 15: #15 of 21 by export value; import-side #6 ### Key metrics - Export CAGR: -0.38% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #986 of 1233 sub-chapters by export value (FY 2024-25) - Peak growth year: +93.09% in FY 2022-23 - Contribution to Ch. 15: 0.14% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Sub-Chapter 1520 7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB. | FY | Exports (₹ Cr) | Exp share | Exp YoY | Exp % of Ch. 15 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Ch. 15 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 24.54 | 0.0011% | — | 0.32% | 255.68 | 0.0071% | — | 0.37% | −231.14 | #924 | | FY 2019-20 | 31.71 | 0.0014% | +29.22% | 0.38% | 162.64 | 0.0048% | −36.39% | 0.23% | −130.93 | #901 | | FY 2020-21 | 27.77 | 0.0013% | −12.43% | 0.23% | 251.57 | 0.0086% | +54.68% | 0.30% | −223.80 | #902 | | FY 2021-22 | 13.45 | 0.0004% | −51.57% | 0.12% | 680.07 | 0.0149% | +170.33% | 0.47% | −666.62 | #997 | | FY 2022-23 | 25.97 | 0.0007% | +93.09% | 0.16% | 563.72 | 0.0098% | −17.11% | 0.33% | −537.75 | #959 | | FY 2023-24 | 21.41 | 0.0006% | −17.56% | 0.14% | 295.76 | 0.0053% | −47.53% | 0.24% | −274.35 | #989 | | FY 2024-25 | 23.99 | 0.0006% | +12.05% | 0.14% | 437.69 | 0.0072% | +47.99% | 0.29% | −413.70 | #986 | - CAGR (7-year): exports -0.38%/yr, imports 9.37%/yr (consistently Deficit) ## Key trade insights: HSN Sub-Chapter 1520 export-import analysis ### Export decline: -0.38% CAGR over 7 years India's exports under HSN Sub-Chapter 1520 have declined at a compound annual rate of -0.38% over 7 fiscal years, falling from ₹24.54 Crore in FY 2018-19 to ₹23.99 Crore in FY 2024-25. ### HSN Sub-Chapter 1520 ranked #986 among all 1233 sub-chapters by export value In FY 2024-25, HSN Sub-Chapter 1520 ranks #986 out of 1233 sub-chapters by total export value. Within Chapter 15, it ranks #15 of 21. By trade surplus, it ranks #848 of 1233. ### FY 2022-23 was the strongest growth year for HSN Sub-Chapter 1520 exports The strongest single-year export movement for HSN Sub-Chapter 1520 was recorded in FY 2022-23, when exports surged by 93.09% over the prior year. ### India records a trade deficit of ₹413.70 Crore in HSN Sub-Chapter 1520 goods In FY 2024-25, India's imports of ₹437.69 Cr exceeded exports of ₹23.99 Cr, resulting in a trade deficit of ₹413.70 Crore — ranking #848 of 1233 by surplus magnitude. ### Import growth of 9.37% CAGR signals stable import dependency for Crude glycerol & glycerol waters India's imports under HSN Sub-Chapter 1520 have grown at 9.37% CAGR, reaching ₹437.69 Crore in FY 2024-25. ### HSN Sub-Chapter 1520 contributes 0.14% of Chapter 15 exports — ranked #15 Among the 21 sub-chapters under Chapter 15, HSN Sub-Chapter 1520 ranks #15 by export value — accounting for 0.14% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.29% share (rank #6). ## Related Sub-Chapters in Chapter 15 Ranked by export value (FY 2024-25). | Rank | HSN Sub-Chapter | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Sub-Chapter 1515: Vegetable Oils & Fats](https://busy.in/hsn/sub-chapter-1515/) | ₹10,394 Cr | | #2 | [HSN Sub-Chapter 1508: Ground-nut oil & fractions](https://busy.in/hsn/sub-chapter-1508/) | ₹3,109 Cr | | #3 | [HSN Sub-Chapter 1516: Partially hydrogenated animal/veg oils](https://busy.in/hsn/sub-chapter-1516/) | ₹954 Cr | | #4 | [HSN Sub-Chapter 1513: Coconut oil](https://busy.in/hsn/sub-chapter-1513/) | ₹451 Cr | | #5 | [HSN Sub-Chapter 1502: Animal fats](https://busy.in/hsn/sub-chapter-1502/) | ₹441 Cr | | #6 | [HSN Sub-Chapter 1504: Fish oils & their fractions](https://busy.in/hsn/sub-chapter-1504/) | ₹403 Cr | | #7 | [HSN Sub-Chapter 1518: Animal & vegetable fats & oils](https://busy.in/hsn/sub-chapter-1518/) | ₹378 Cr | | #8 | [HSN Sub-Chapter 1512: Sunflower seed oil & fractions](https://busy.in/hsn/sub-chapter-1512/) | ₹329 Cr | | #9 | [HSN Sub-Chapter 1507: Soybean oil & fractions](https://busy.in/hsn/sub-chapter-1507/) | ₹219 Cr | | #10 | [HSN Sub-Chapter 1514: Rape seed oil & fractions](https://busy.in/hsn/sub-chapter-1514/) | ₹214 Cr | | #15 | HSN Sub-Chapter 1520: Crude glycerol & glycerol waters (this hsn sub-chapter) | ₹24 Cr | ## Other sub-chapters | Code | Title | | --- | --- | | 1501 | [Industrial ovens & furnaces](https://busy.in/hsn/sub-chapter-1501/) | | 1502 | [Animal fats](https://busy.in/hsn/sub-chapter-1502/) | | 1503 | [Lard products & oils](https://busy.in/hsn/sub-chapter-1503/) | | 1504 | [Fish oils & their fractions](https://busy.in/hsn/sub-chapter-1504/) | | 1505 | [Wool grease](https://busy.in/hsn/sub-chapter-1505/) | | 1506 | [Animal fats & oils](https://busy.in/hsn/sub-chapter-1506/) | | 1507 | [Soybean oil & fractions](https://busy.in/hsn/sub-chapter-1507/) | | 1508 | [Ground-nut oil & fractions](https://busy.in/hsn/sub-chapter-1508/) | | 1509 | [Concentrated milk & cream](https://busy.in/hsn/sub-chapter-1509/) | | 1510 | [Olive oil & fractions, blends included](https://busy.in/hsn/sub-chapter-1510/) | | 1511 | [Palm oil](https://busy.in/hsn/sub-chapter-1511/) | | 1512 | [Sunflower seed oil & fractions](https://busy.in/hsn/sub-chapter-1512/) | | 1513 | [Coconut oil](https://busy.in/hsn/sub-chapter-1513/) | | 1514 | [Rape seed oil & fractions](https://busy.in/hsn/sub-chapter-1514/) | | 1515 | [Vegetable Oils & Fats](https://busy.in/hsn/sub-chapter-1515/) | | 1516 | [Partially hydrogenated animal/veg oils](https://busy.in/hsn/sub-chapter-1516/) | | 1517 | [Margarine & fat mixes](https://busy.in/hsn/sub-chapter-1517/) | | 1518 | [Animal & vegetable fats & oils](https://busy.in/hsn/sub-chapter-1518/) | | 1521 | [Vegetable & insect waxes](https://busy.in/hsn/sub-chapter-1521/) | | 1522 | [Degras from fatty substances](https://busy.in/hsn/sub-chapter-1522/) |