--- title: "HSN Code for Seer Fish | HSN 03038940 GST Rate" description: "Find HSN and GST Rates for 03038940 related to Seer Fish with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-03038940/" --- # HSN Code 03038940: Seer Fish - [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 | | --- | --- | --- | --- | --- | | Other fish, excluding livers and roes : Other: Seer [ other than fresh or chilled and other than pre-packaged and labelled unit container] | 0% | 0% | 0% | 0% | | Other fish, excluding livers and roes : Other: Seer | 2.5% | 2.5% | 5% | 0% | ## Frequently asked questions ### What products are classified under HSN 3038940 ? It includes Seer Fish ### How much GST applies to Seer Fish? Under HSN 03038940, Seer Fish attracts Varies subject to its exact form and packaging. Use the correct HSN and describe the form clearly on the invoice. ### Any import/export nuance for Seer Fish? 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 Seer Fish is sold with exempt goods? Use separate invoice lines per HSN. Apply Varies for Seer Fish and Nil for exempt lines. This avoids misclassification and wrong tax collection. ### Is ITC allowed for costs used to trade Seer Fish? 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. ### Are e‑way bill and e‑invoice required for Seer Fish? e‑Way bill is needed for consignment value above ₹50,000 unless exempted. e‑Invoicing is turnover‑based (presently AATO > ₹5 crore) for B2B supplies. ### Does ‘pre‑packaged & labelled’ change GST on Seer Fish? Yes. When Seer Fish 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. ## India's trade performance: HSN Code 03038940 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹33 Cr (−21.93% YoY) — 0.0009% of India's total exports - Imports: ₹4 Cr (+2,537.50% YoY) — 0.0001% of India's total imports - Trade balance: ₹29 Cr (Surplus); surplus rank #2565 of 12657 HSN codes - Share of Sub-Chapter 0303: 0.65% of its exports; import side 0.85% - Rank within Sub-Chapter 0303: #12 of 89 by export value; import-side #9 ### Key metrics - Export CAGR: -5.60% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #4202 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +62.76% in FY 2020-21 - Contribution to Sub-Ch. 0303: 0.65% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 03038940 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 | 46.40 | 0.0020% | — | 0.96% | < ₹1 Crore | 0.0000% | — | 0.80% | +45.82 | #2960 | | FY 2019-20 | 22.21 | 0.0010% | −52.13% | 0.64% | 10.82 | 0.0003% | +1,765.52% | 6.71% | +11.39 | #3980 | | FY 2020-21 | 36.15 | 0.0017% | +62.76% | 1.28% | < ₹1 Crore | 0.0000% | −93.53% | 0.27% | +35.45 | #3403 | | FY 2021-22 | 38.09 | 0.0012% | +5.37% | 1.16% | Nil | 0.0000% | −100.00% | 0.00% | +38.09 | #3741 | | FY 2022-23 | 51.38 | 0.0014% | +34.89% | 0.96% | Nil | 0.0000% | — | 0.00% | +51.38 | #3443 | | FY 2023-24 | 42.05 | 0.0012% | −18.16% | 0.78% | < ₹1 Crore | 0.0000% | — | 0.06% | +41.89 | #3770 | | FY 2024-25 | 32.83 | 0.0009% | −21.93% | 0.65% | 4.22 | 0.0001% | +2,537.50% | 0.85% | +28.61 | #4202 | - CAGR (7-year): exports -5.60%/yr, imports 39.20%/yr (consistently Surplus) ## Key trade insights: HSN Code 03038940 export-import analysis ### Export decline: -5.60% CAGR over 7 years India's exports under HSN Code 03038940 have declined at a compound annual rate of -5.60% over 7 fiscal years, falling from ₹46.40 Crore in FY 2018-19 to ₹32.83 Crore in FY 2024-25. ### HSN Code 03038940 ranked #4202 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 03038940 ranks #4202 out of 12657 HSN codes by total export value. Within Sub-Chapter 0303, it ranks #12 of 89. By trade surplus, it ranks #2565 of 12657. ### FY 2020-21 was the strongest growth year for HSN Code 03038940 exports The strongest single-year export movement for HSN Code 03038940 was recorded in FY 2020-21, when exports surged by 62.76% over the prior year. ### India maintains a trade surplus of ₹28.61 Crore in HSN Code 03038940 goods In FY 2024-25, India's exports of ₹32.83 Cr exceeded imports of ₹4.22 Cr, resulting in a trade surplus of ₹28.61 Crore — ranking #2565 of 12657 by surplus magnitude. ### Import growth of 39.20% CAGR signals rising demand for Seer Fish India's imports under HSN Code 03038940 have grown at 39.20% CAGR, reaching ₹4.22 Crore in FY 2024-25. ### HSN Code 03038940 contributes 0.65% of Sub-Chapter 0303 exports — ranked #12 Among the 89 HSN codes under Sub-Chapter 0303, HSN Code 03038940 ranks #12 by export value — accounting for 0.65% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.85% share (rank #9). ## 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](https://busy.in/hsn/hsn-03034200/) | ₹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 | | #12 | HSN Code 03038940: Seer Fish (this hsn code) | ₹33 Cr |