1520 HSN Code: Crude glycerol & glycerol waters

HSN Sub Chapter 1520 represents Crude glycerol & glycerol waters under GST classification. This code helps businesses identify Crude glycerol & glycerol waters correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 1520, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Crude glycerol & glycerol waters.

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 1520

GST Rate for Crude glycerol & glycerol waters under HSN Code 1520. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

15

HSN Code

1520

HSN Description

Glycerol, crude; glycerol waters and glycerol lyes

New GST Rate

18 %
Standard

Old GST Rate

18 %

Tariff HSN Codes under HSN Sub Chapter 1520

Following tariff HSN codes fall under Crude glycerol & glycerol waters.

Tariff HSN

15200000

Description

Glycerol, crude; glycerol waters and glycerol lyes

India’s Trade Performance — HSN Sub-Chapter 1520 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

₹24 Cr

+12.05% vs FY 2023-24

0.0006% of India’s total exports

India’s Imports

FY 2024-25

₹438 Cr

+47.99% vs FY 2023-24

0.0072% of India’s total imports

Trade Balance

FY 2024-25

−₹414 Cr

Trade Deficit

Surplus rank #848 of 1233 subchapters

% of Chapter 15

FY 2024-25

0.14%

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

Import side: 0.29% of Chapter 15’s imports

Rank Within Chapter 15

FY 2024-25

#15 of 21

Position by export value among subchapters in Chapter 15

Import-side rank: #6 of 21

At a glance

−0.38%

Export CAGR

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

#986

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+93.09%

Peak Growth Year

FY 2022-23 · strongest single-year move

0.14%

Contribution to Ch. 15

Share of Chapter 15 exports in FY 2024-25

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #924

Balance

−231.14

Exports

24.54 ₹ Cr

0.0011% share

— YoY

0.32% of Ch. 15

Imports

255.68 ₹ Cr

0.0071% share

— YoY

0.37% of Ch. 15

FY 2019-20 Exp. Rank #901

Balance

−130.93

Exports

31.71 ₹ Cr

0.0014% share

+29.22% YoY

0.38% of Ch. 15

Imports

162.64 ₹ Cr

0.0048% share

−36.39% YoY

0.23% of Ch. 15

FY 2020-21 Exp. Rank #902

Balance

−223.80

Exports

27.77 ₹ Cr

0.0013% share

−12.43% YoY

0.23% of Ch. 15

Imports

251.57 ₹ Cr

0.0086% share

+54.68% YoY

0.30% of Ch. 15

FY 2021-22 Exp. Rank #997

Balance

−666.62

Exports

13.45 ₹ Cr

0.0004% share

−51.57% YoY

0.12% of Ch. 15

Imports

680.07 ₹ Cr

0.0149% share

+170.33% YoY

0.47% of Ch. 15

FY 2022-23 Exp. Rank #959

Balance

−537.75

Exports

25.97 ₹ Cr

0.0007% share

+93.09% YoY

0.16% of Ch. 15

Imports

563.72 ₹ Cr

0.0098% share

−17.11% YoY

0.33% of Ch. 15

FY 2023-24 Exp. Rank #989

Balance

−274.35

Exports

21.41 ₹ Cr

0.0006% share

−17.56% YoY

0.14% of Ch. 15

Imports

295.76 ₹ Cr

0.0053% share

−47.53% YoY

0.24% of Ch. 15

FY 2024-25 Exp. Rank #986

Balance

−413.70

Exports

23.99 ₹ Cr

0.0006% share

+12.05% YoY

0.14% of Ch. 15

Imports

437.69 ₹ Cr

0.0072% share

+47.99% YoY

0.29% of Ch. 15

CAGR · 7-Year

Exports

−0.38% /yr

Imports

9.37% /yr

Consistently Deficit
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 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 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 1520 ranks #986 out of 1233 subchapters 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 subchapters 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).

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 1520 and GST compliance.

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.

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