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HSN Code - 15155010 : Seasame oil and its fractions (CRUDE SESAME OIL AND ITS FRACTIONS)
| HSN CODE | Description | Policy |
|---|---|---|
| 1515 | OTHER FIXED VEGETABLE FATS AND OILS (INCLUDING JOJOBA OIL) AND THEIR FRACTIONS, WHETHER OR NOT REFINED, BUT NOT CHEMICALLY MODIFIED | |
| 151550 | Seasame oil and its fractions | |
| 15155010 | CRUDE SESAME OIL AND ITS FRACTIONS | Free |
Harmonised System of Nomenclature (HSN Codes) 15155010 are used for the CRUDE SESAME OIL AND ITS FRACTIONS products under Goods and Service Tax classification.
India was originally using 6 digit HSN codes to classify commodities but later two more digits were added to make the codes more precise, resulting in an 8 digit classification.
Understanding HSN Code 15155010
First two digits (15) represent the chapter number which is Chapter 15 - Animal or vegetable fats and oil and their cleavage products; prepared edible fats; animal or vegetable waxes.
Next two digits (15) represent the heading number which is OTHER FIXED VEGETABLE FATS AND OILS (INCLUDING JOJOBA OIL) AND THEIR FRACTIONS, WHETHER OR NOT REFINED, BUT NOT CHEMICALLY MODIFIED
Next two digits (50) represent the product code which is Seasame oil and its fractions
Last two digits (10) are for final or deeper classification which is CRUDE SESAME OIL AND ITS FRACTIONS
All 8 digits of HSN code is mandatory for export & imports for tax invoice of GST.
FAQs on HSN Code 15155010
What is HSN Code 15155010 used for?
HSN Code 15155010 is used to classify goods under GST for invoicing, taxation, import, and export. Businesses use this code to correctly identify products while filing GST returns and trade documents.
Is HSN Code 15155010 mandatory for GST invoices?
Yes. HSN codes are mandatory on GST invoices for most businesses, especially for B2B transactions, exports, and imports. The level of digits required depends on turnover and transaction type.
What is the GST rate for HSN Code 15155010?
The GST rate for HSN Code 15155010 depends on the product specification and the latest GST notifications. Businesses should verify the applicable rate from CBIC notifications or consult a tax professional before invoicing.
What is the import or export policy for HSN Code 15155010?
As per current trade policy, HSN Code 15155010 falls under "Free" category. Import or export may be subject to specific conditions or approvals.
What is the difference between HSN Code and SAC Code?
HSN codes are used for goods or products, while SAC codes are used for services. Businesses dealing in both goods and services must use the correct code type for GST compliance.