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HSN CODE - 15042020 : FISH LIPID OIL
| HSN CODE | Description | Policy |
|---|---|---|
| 1504 | FATS AND OILS AND THEIR FRACTIONS, OF FISH OR MARINE MAMMALS, WHETHER OR NOT REFINED, BUT NOT CHEMICALLY MODIFIED | |
| 150420 | Fats and Oils and their fractions of fish, other than liver oils | |
| 15042020 | FISH LIPID OIL | Free |
Harmonised System of Nomenclature (HSN Codes) 15042020 are used for the FISH LIPID OIL 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 15042020
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 (04) represent the heading number which is FATS AND OILS AND THEIR FRACTIONS, OF FISH OR MARINE MAMMALS, WHETHER OR NOT REFINED, BUT NOT CHEMICALLY MODIFIED
Next two digits (20) represent the product code which is Fats and Oils and their fractions of fish, other than liver oils
Last two digits (20) are for final or deeper classification which is FISH LIPID OIL
All 8 digits of HSN code is mandatory for export & imports for tax invoice of GST.