1521 HSN Code: Vegetable & insect waxes

HSN Sub Chapter 1521 represents Vegetable & insect waxes under GST classification. This code helps businesses identify Vegetable & insect waxes correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 1521, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Vegetable & insect waxes.

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New GST Rate for HSN Code 1521

GST Rate for Vegetable & insect waxes under HSN Code 1521. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

15

HSN Code

1521

HSN Description

Vegetable waxes (other than triglycerides), beeswax, other insect waxes and spermaceti, whether or not refined or coloured

New GST Rate

5 %
Essential

Old GST Rate

18 %

Tariff HSN Codes under HSN Sub Chapter 1521

Following tariff HSN codes fall under Vegetable & insect waxes.

Tariff HSN

15211011

Description

Vegetable Waxes : Carnauba Waxes : Edible wax for waxing fresh fruits and vegetables

Tariff HSN

15211019

Description

Vegetable Waxes : Carnauba Waxes : Other

Tariff HSN

15211090

Description

Vegetable Waxes : Other

Tariff HSN

15219010

Description

Other : Beewax whether or not coloured

Tariff HSN

15219020

Description

Other : Shellac wax whether or not coloured

Tariff HSN

15219090

Description

Other : Other

India’s Trade Performance — HSN Sub-Chapter 1521 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

₹72 Cr

+18.36% vs FY 2023-24

0.0020% of India’s total exports

India’s Imports

FY 2024-25

₹58 Cr

+9.78% vs FY 2023-24

0.0010% of India’s total imports

Trade Balance

FY 2024-25

₹14 Cr

Trade Surplus

Surplus rank #472 of 1233 subchapters

% of Chapter 15

FY 2024-25

0.42%

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

Import side: 0.04% of Chapter 15’s imports

Rank Within Chapter 15

FY 2024-25

#12 of 21

Position by export value among subchapters in Chapter 15

Import-side rank: #12 of 21

At a glance

23.04%

Export CAGR

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

#861

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+74.72%

Peak Growth Year

FY 2019-20 · strongest single-year move

0.42%

Contribution to Ch. 15

Share of Chapter 15 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Sub-Chapter 1521

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 #945

Balance

−22.60

Exports

20.85 ₹ Cr

0.0009% share

— YoY

0.27% of Ch. 15

Imports

43.45 ₹ Cr

0.0012% share

— YoY

0.06% of Ch. 15

FY 2019-20 Exp. Rank #879

Balance

−9.07

Exports

36.43 ₹ Cr

0.0016% share

+74.72% YoY

0.44% of Ch. 15

Imports

45.50 ₹ Cr

0.0014% share

+4.72% YoY

0.07% of Ch. 15

FY 2020-21 Exp. Rank #854

Balance

+4.42

Exports

42.66 ₹ Cr

0.0020% share

+17.10% YoY

0.35% of Ch. 15

Imports

38.24 ₹ Cr

0.0013% share

−15.96% YoY

0.05% of Ch. 15

FY 2021-22 Exp. Rank #913

Balance

−23.68

Exports

37.46 ₹ Cr

0.0012% share

−12.19% YoY

0.33% of Ch. 15

Imports

61.14 ₹ Cr

0.0013% share

+59.88% YoY

0.04% of Ch. 15

FY 2022-23 Exp. Rank #875

Balance

+1.14

Exports

56.23 ₹ Cr

0.0016% share

+50.11% YoY

0.34% of Ch. 15

Imports

55.09 ₹ Cr

0.0010% share

−9.90% YoY

0.03% of Ch. 15

FY 2023-24 Exp. Rank #877

Balance

+8.27

Exports

61.11 ₹ Cr

0.0017% share

+8.68% YoY

0.40% of Ch. 15

Imports

52.84 ₹ Cr

0.0009% share

−4.08% YoY

0.04% of Ch. 15

FY 2024-25 Exp. Rank #861

Balance

+14.32

Exports

72.33 ₹ Cr

0.0020% share

+18.36% YoY

0.42% of Ch. 15

Imports

58.01 ₹ Cr

0.0010% share

+9.78% YoY

0.04% of Ch. 15

CAGR · 7-Year

Exports

23.04% /yr

Imports

4.93% /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 1521 Export-Import Analysis

Consistent Export Growth: 23.04% CAGR Over 7 Years

India's exports under HSN Sub-Chapter 1521 have grown at a compound annual rate of 23.04% over 7 fiscal years, rising from ₹20.85 Crore in FY 2018-19 to ₹72.33 Crore in FY 2024-25.

HSN Sub-Chapter 1521 Ranked #861 Among All 1233 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 1521 ranks #861 out of 1233 subchapters by total export value. Within Chapter 15, it ranks #12 of 21. By trade surplus, it ranks #472 of 1233.

FY 2019-20 Was the Strongest Growth Year for HSN Sub-Chapter 1521 Exports

The strongest single-year export movement for HSN Sub-Chapter 1521 was recorded in FY 2019-20, when exports surged by 74.72% over the prior year.

India Maintains a Trade Surplus of ₹14.32 Crore in HSN Sub-Chapter 1521 Goods

In FY 2024-25, India's exports of ₹72.33 Cr exceeded imports of ₹58.01 Cr, resulting in a trade surplus of ₹14.32 Crore — ranking #472 of 1233 by surplus magnitude.

Import Growth of 4.93% CAGR Signals Stable Import Dependency for Vegetable & insect waxes

India's imports under HSN Sub-Chapter 1521 have grown at 4.93% CAGR, reaching ₹58.01 Crore in FY 2024-25.

HSN Sub-Chapter 1521 Contributes 0.42% of Chapter 15 Exports — Ranked #12

Among the 21 subchapters under Chapter 15, HSN Sub-Chapter 1521 ranks #12 by export value — accounting for 0.42% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.04% share (rank #12).

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 1521 and GST compliance.

What products are classified under HSN 1521

It includes Vegetable & insect waxes

Can reverse charge ever apply to transactions involving Vegetable & insect waxes?

Reverse charge in goods is notified only for specific categories. Most regular B2B sales of Vegetable & insect waxes are forward charge. Check the current notifications for any special cases before deciding.

If I repair and return Vegetable & insect waxes, 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.

Can I claim ITC on inputs and services used for Vegetable & insect waxes?

If your outward supply of Vegetable & insect waxes is taxable, ITC is generally available (Sections 16–17) except blocked credits (e.g., personal use, motor vehicles in most cases). For exempt supplies, proportionate reversal is required under Rule 42/43.

How do I bill a kit or combo that includes Vegetable & insect waxes?

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.

How should I document Vegetable & insect waxes sent for job work?

Use a delivery challan for sending Vegetable & insect waxes 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.

What should my invoice and records include for Vegetable & insect waxes?

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.

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.

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