---
title: "HSN Code for Threadfin Fish | HSN 03038970 GST Rate"
description: "Find HSN and GST Rates for 03038970 related to Threadfin Fish with BUSY Accounting - The reliable source for HSN and GST details in India."
canonical: "https://busy.in/hsn/hsn-03038970/"
---

# HSN Code 03038970: Threadfin 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: Threadfin [ 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: Threadfin | 2.5% | 2.5% | 5% | 0% |

## Frequently asked questions

### What products are classified under HSN 3038970 ?

It includes Threadfin Fish

### How much GST applies to Threadfin Fish?

Under HSN 03038970, Threadfin Fish attracts Varies subject to its exact form and packaging. Use the correct HSN and describe the form clearly on the invoice.

### Are e‑way bill and e‑invoice required for Threadfin 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.

### How to bill mixed items when Threadfin Fish is sold with exempt goods?

Use separate invoice lines per HSN. Apply Varies for Threadfin Fish and Nil for exempt lines. This avoids misclassification and wrong tax collection.

### Is ITC allowed for costs used to trade Threadfin 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.

### Any import/export nuance for Threadfin Fish?

Exports are zero‑rated. Imports may draw customs duties; domestic GST follows the schedule for the item’s form/packaging.

## India's trade performance: HSN Code 03038970 (FY 2024-25)

Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25).

- Exports: ₹21 Cr (+23.33% YoY) — 0.0006% of India's total exports
- Imports: Nil (−100.00% YoY) — 0.0000% of India's total imports
- Trade balance: ₹21 Cr (Surplus); surplus rank #2785 of 12657 HSN codes
- Share of Sub-Chapter 0303: 0.42% of its exports; import side 0.00%
- Rank within Sub-Chapter 0303: #17 of 89 by export value

### Key metrics

- Export CAGR: 19.95% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #4799 of 12657 HSN codes by export value (FY 2024-25)
- Peak growth year: +137.67% in FY 2022-23
- Contribution to Sub-Ch. 0303: 0.42% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Code 03038970

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 | 7.08 | 0.0003% | — | 0.15% | 1.20 | 0.0000% | — | 1.65% | +5.88 | #5421 |
| FY 2019-20 | 12.37 | 0.0006% | +74.72% | 0.35% | Nil | 0.0000% | −100.00% | 0.00% | +12.37 | #4735 |
| FY 2020-21 | 6.84 | 0.0003% | −44.70% | 0.24% | Nil | 0.0000% | — | 0.00% | +6.84 | #5556 |
| FY 2021-22 | 10.75 | 0.0003% | +57.16% | 0.33% | Nil | 0.0000% | — | 0.00% | +10.75 | #5383 |
| FY 2022-23 | 25.55 | 0.0007% | +137.67% | 0.48% | < ₹1 Crore | 0.0000% | — | 0.12% | +25.26 | #4372 |
| FY 2023-24 | 17.10 | 0.0005% | −33.07% | 0.32% | < ₹1 Crore | 0.0000% | +37.93% | 0.16% | +16.70 | #4978 |
| FY 2024-25 | 21.09 | 0.0006% | +23.33% | 0.42% | Nil | 0.0000% | −100.00% | 0.00% | +21.09 | #4799 |

- CAGR (7-year): exports 19.95%/yr, imports —/yr (consistently Surplus)

## Key trade insights: HSN Code 03038970 export-import analysis

### Consistent export growth: 19.95% CAGR over 7 years

India's exports under HSN Code 03038970 have grown at a compound annual rate of 19.95% over 7 fiscal years, rising from ₹7.08 Crore in FY 2018-19 to ₹21.09 Crore in FY 2024-25.

### HSN Code 03038970 ranked #4799 among all 12657 HSN codes by export value

In FY 2024-25, HSN Code 03038970 ranks #4799 out of 12657 HSN codes by total export value. Within Sub-Chapter 0303, it ranks #17 of 89. By trade surplus, it ranks #2785 of 12657.

### FY 2022-23 was the strongest growth year for HSN Code 03038970 exports

The strongest single-year export movement for HSN Code 03038970 was recorded in FY 2022-23, when exports surged by 137.67% over the prior year.

### India maintains a trade surplus of ₹21.09 Crore in HSN Code 03038970 goods

In FY 2024-25, India's exports of ₹21.09 Cr exceeded imports of ₹0.00 Cr, resulting in a trade surplus of ₹21.09 Crore — ranking #2785 of 12657 by surplus magnitude.

### HSN Code 03038970 contributes 0.42% of Sub-Chapter 0303 exports — ranked #17

Among the 89 HSN codes under Sub-Chapter 0303, HSN Code 03038970 ranks #17 by export value — accounting for 0.42% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.00% share.

## 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 |
| #17 | HSN Code 03038970: Threadfin Fish (this hsn code) | ₹21 Cr |