--- title: "HSN Code for Frozen Yellowfin Tuna | HSN 03034200 GST Rate" description: "Find HSN and GST Rates for 03034200 related to Frozen Yellowfin Tuna with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-03034200/" --- # HSN Code 03034200: Frozen Yellowfin Tuna - [Section 01: Guide to HSN Section 01](https://busy.in/hsn/section-01/) - [Chapter 03: Fish, Molluscs and Aquatic Invertebrates](https://busy.in/hsn/chapter-03/) - [Sub-chapter 0303: Frozen fish](https://busy.in/hsn/sub-chapter-0303/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Tunas (of the genus Thunnus), skipjack or stripe-bellied bonito [Euthynnus F119(Katsuwonus) pelamis], excluding livers and roes : -Yellowfin tunas (Thunnus albacares) [ other than fresh or chilled and other than pre-packaged and labelled unit container] | 0% | 0% | 0% | 0% | | Tunas (of the genus Thunnus), skipjack or stripe-bellied bonito [Euthynnus F119(Katsuwonus) pelamis], excluding livers and roes : -Yellowfin tunas (Thunnus albacares) | 2.5% | 2.5% | 5% | 0% | ## Frequently asked questions ### What products are classified under HSN 3034200 ? It includes Frozen Yellowfin Tuna ### Does ‘pre‑packaged & labelled’ change GST on Frozen Yellowfin Tuna? Yes. When Frozen Yellowfin Tuna is not fresh/chilled and is sold in pre‑packaged & labelled packs, GST is 5%. If it is not pre‑packaged & labelled, it stays Nil. ### Any import/export nuance for Frozen Yellowfin Tuna? Exports are zero‑rated. Imports may draw customs duties; domestic GST follows the schedule for the item’s form/packaging. ### How to bill mixed items when Frozen Yellowfin Tuna is sold with exempt goods? Use separate invoice lines per HSN. Apply Varies for Frozen Yellowfin Tuna and Nil for exempt lines. This avoids misclassification and wrong tax collection. ### Is ITC allowed for costs used to trade Frozen Yellowfin Tuna? If your outward supply is taxable (e.g., 5% or 12%), eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### How much GST applies to Frozen Yellowfin Tuna? Under HSN 03034200, Frozen Yellowfin Tuna attracts Varies subject to its exact form and packaging. Use the correct HSN and describe the form clearly on the invoice. ## India's trade performance: HSN Code 03034200 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹207 Cr (−8.82% YoY) — 0.0056% of India's total exports - Imports: < ₹1 Crore (−97.76% YoY) — 0.0000% of India's total imports - Trade balance: ₹207 Cr (Surplus); surplus rank #1127 of 12657 HSN codes - Share of Sub-Chapter 0303: 4.07% of its exports; import side 0.02% - Rank within Sub-Chapter 0303: #7 of 89 by export value; import-side #24 ### Key metrics - Export CAGR: -4.33% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #1804 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +173.92% in FY 2022-23 - Contribution to Sub-Ch. 0303: 4.07% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 03034200 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 Sub-Ch. 0303 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 0303 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 269.54 | 0.0118% | — | 5.57% | < ₹1 Crore | 0.0000% | — | 0.84% | +268.93 | #1062 | | FY 2019-20 | 157.02 | 0.0071% | −41.75% | 4.49% | 2.93 | 0.0001% | +380.33% | 1.82% | +154.09 | #1541 | | FY 2020-21 | 109.26 | 0.0051% | −30.42% | 3.86% | Nil | 0.0000% | −100.00% | 0.00% | +109.26 | #1972 | | FY 2021-22 | 74.42 | 0.0024% | −31.89% | 2.27% | 2.49 | 0.0001% | — | 0.95% | +71.93 | #2801 | | FY 2022-23 | 203.85 | 0.0056% | +173.92% | 3.81% | 1.03 | 0.0000% | −58.63% | 0.43% | +202.82 | #1718 | | FY 2023-24 | 226.70 | 0.0063% | +11.21% | 4.22% | 4.02 | 0.0001% | +290.29% | 1.58% | +222.68 | #1652 | | FY 2024-25 | 206.70 | 0.0056% | −8.82% | 4.07% | < ₹1 Crore | 0.0000% | −97.76% | 0.02% | +206.61 | #1804 | - CAGR (7-year): exports -4.33%/yr, imports -27.31%/yr (consistently Surplus) ## Key trade insights: HSN Code 03034200 export-import analysis ### Export decline: -4.33% CAGR over 7 years India's exports under HSN Code 03034200 have declined at a compound annual rate of -4.33% over 7 fiscal years, falling from ₹269.54 Crore in FY 2018-19 to ₹206.70 Crore in FY 2024-25. ### HSN Code 03034200 ranked #1804 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 03034200 ranks #1804 out of 12657 HSN codes by total export value. Within Sub-Chapter 0303, it ranks #7 of 89. By trade surplus, it ranks #1127 of 12657. ### FY 2022-23 was the strongest growth year for HSN Code 03034200 exports The strongest single-year export movement for HSN Code 03034200 was recorded in FY 2022-23, when exports surged by 173.92% over the prior year. ### India maintains a trade surplus of ₹206.61 Crore in HSN Code 03034200 goods In FY 2024-25, India's exports of ₹206.70 Cr exceeded imports of ₹0.09 Cr, resulting in a trade surplus of ₹206.61 Crore — ranking #1127 of 12657 by surplus magnitude. ### Import growth of -27.31% CAGR signals stable import dependency for Frozen Yellowfin Tuna India's imports under HSN Code 03034200 have grown at -27.31% CAGR, reaching ₹0.09 Crore in FY 2024-25. ### HSN Code 03034200 contributes 4.07% of Sub-Chapter 0303 exports — ranked #7 Among the 89 HSN codes under Sub-Chapter 0303, HSN Code 03034200 ranks #7 by export value — accounting for 4.07% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.02% share (rank #24). ## Related HSN Codes in Sub-Chapter 0303 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 03038930: Ribbon Fish](https://busy.in/hsn/hsn-03038930/) | ₹1,449 Cr | | #2 | [HSN Code 03035910: Indian Mackerels (Rastrelliger Spp.)](https://busy.in/hsn/hsn-03035910/) | ₹1,318 Cr | | #3 | [HSN Code 03038980: Dogfish (Frozen, excl. pre-packaged)](https://busy.in/hsn/hsn-03038980/) | ₹515 Cr | | #4 | [HSN Code 03038990: Other Fish](https://busy.in/hsn/hsn-03038990/) | ₹356 Cr | | #5 | [HSN Code 03034300: Frozen Skipjack/Bonito](https://busy.in/hsn/hsn-03034300/) | ₹306 Cr | | #6 | [HSN Code 03038950: Frozen pomfret](https://busy.in/hsn/hsn-03038950/) | ₹303 Cr | | #7 | HSN Code 03034200: Frozen Yellowfin Tuna (this hsn code) | ₹207 Cr | | #8 | [HSN Code 03032300: Frozen Tilapia](https://busy.in/hsn/hsn-03032300/) | ₹150 Cr | | #9 | [HSN Code 03033300: Frozen Sole](https://busy.in/hsn/hsn-03033300/) | ₹81 Cr | | #10 | [HSN Code 03032900: Frozen Nile perch & snakeheads](https://busy.in/hsn/hsn-03032900/) | ₹39 Cr |