--- title: "HSN Code for Frozen tuna & bonito fillets | HSN 03048700 GST Rate" description: "Find HSN and GST Rates for 03048700 related to Frozen tuna & bonito fillets with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-03048700/" --- # HSN Code 03048700: Frozen tuna & bonito fillets - [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 0304: Fresh or dried fruits](https://busy.in/hsn/sub-chapter-0304/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Frozen fillets of other fish : Tunas (of the genus Thunnus), skipjack or stripe-bellied bonito (Euthynnus (Katsuwonus) pelamis) [ other than fresh or chilled and other than pre-packaged and labelled unit container] | 0% | 0% | 0% | 0% | | Frozen fillets of other fish : Tunas (of the genus Thunnus), skipjack or stripe-bellied bonito (Euthynnus (Katsuwonus) pelamis) | 2.5% | 2.5% | 5% | 0% | ## Frequently asked questions ### What products are classified under HSN 3048700 ? It includes Frozen tuna & bonito fillets ### How much GST applies to Frozen tuna & bonito fillets? Under HSN 03048700, Frozen tuna & bonito fillets attracts Varies subject to its exact form and packaging. Use the correct HSN and describe the form clearly on the invoice. ### How to bill mixed items when Frozen tuna & bonito fillets is sold with exempt goods? Use separate invoice lines per HSN. Apply Varies for Frozen tuna & bonito fillets and Nil for exempt lines. This avoids misclassification and wrong tax collection. ### Any import/export nuance for Frozen tuna & bonito fillets? Exports are zero‑rated. Imports may draw customs duties; domestic GST follows the schedule for the item’s form/packaging. ### Is ITC allowed for costs used to trade Frozen tuna & bonito fillets? 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. ### Does ‘pre‑packaged & labelled’ change GST on Frozen tuna & bonito fillets? Yes. When Frozen tuna & bonito fillets 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 03048700 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹18 Cr (+1.81% YoY) — 0.0005% of India's total exports - Imports: ₹3 Cr (−23.90% YoY) — 0.0000% of India's total imports - Trade balance: ₹15 Cr (Surplus); surplus rank #3042 of 12657 HSN codes - Share of Sub-Chapter 0304: 0.87% of its exports; import side 1.18% - Rank within Sub-Chapter 0304: #3 of 81 by export value; import-side #4 ### Key metrics - Export CAGR: -10.66% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #5017 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +56.30% in FY 2021-22 - Contribution to Sub-Ch. 0304: 0.87% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 03048700 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. 0304 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 0304 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 35.34 | 0.0015% | — | 1.91% | < ₹1 Crore | 0.0000% | — | 0.17% | +35.01 | #3363 | | FY 2019-20 | 31.42 | 0.0014% | −11.09% | 1.90% | < ₹1 Crore | 0.0000% | +93.94% | 0.28% | +30.78 | #3537 | | FY 2020-21 | 10.71 | 0.0005% | −65.91% | 0.65% | < ₹1 Crore | 0.0000% | −29.69% | 0.40% | +10.26 | #4978 | | FY 2021-22 | 16.74 | 0.0005% | +56.30% | 0.78% | 2.04 | 0.0000% | +353.33% | 1.00% | +14.70 | #4824 | | FY 2022-23 | 18.27 | 0.0005% | +9.14% | 0.77% | 2.72 | 0.0000% | +33.33% | 0.95% | +15.55 | #4792 | | FY 2023-24 | 17.65 | 0.0005% | −3.39% | 0.85% | 3.85 | 0.0001% | +41.54% | 1.82% | +13.80 | #4937 | | FY 2024-25 | 17.97 | 0.0005% | +1.81% | 0.87% | 2.93 | 0.0000% | −23.90% | 1.18% | +15.04 | #5017 | - CAGR (7-year): exports -10.66%/yr, imports 43.90%/yr (consistently Surplus) ## Key trade insights: HSN Code 03048700 export-import analysis ### Export decline: -10.66% CAGR over 7 years India's exports under HSN Code 03048700 have declined at a compound annual rate of -10.66% over 7 fiscal years, falling from ₹35.34 Crore in FY 2018-19 to ₹17.97 Crore in FY 2024-25. ### HSN Code 03048700 ranked #5017 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 03048700 ranks #5017 out of 12657 HSN codes by total export value. Within Sub-Chapter 0304, it ranks #3 of 81. By trade surplus, it ranks #3042 of 12657. ### FY 2021-22 was the strongest growth year for HSN Code 03048700 exports The strongest single-year export movement for HSN Code 03048700 was recorded in FY 2021-22, when exports surged by 56.30% over the prior year. ### India maintains a trade surplus of ₹15.04 Crore in HSN Code 03048700 goods In FY 2024-25, India's exports of ₹17.97 Cr exceeded imports of ₹2.93 Cr, resulting in a trade surplus of ₹15.04 Crore — ranking #3042 of 12657 by surplus magnitude. ### Import growth of 43.90% CAGR signals rising demand for Frozen tuna & bonito fillets India's imports under HSN Code 03048700 have grown at 43.90% CAGR, reaching ₹2.93 Crore in FY 2024-25. ### HSN Code 03048700 contributes 0.87% of Sub-Chapter 0304 exports — ranked #3 Among the 81 HSN codes under Sub-Chapter 0304, HSN Code 03048700 ranks #3 by export value — accounting for 0.87% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 1.18% share (rank #4). ## Related HSN Codes in Sub-Chapter 0304 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 03049900: Fish Fillets & Meat (Fresh, Chilled or Frozen)](https://busy.in/hsn/hsn-03049900/) | ₹1,824 Cr | | #2 | [HSN Code 03048990: Frozen fish fillets (other)](https://busy.in/hsn/hsn-03048990/) | ₹180 Cr | | #3 | HSN Code 03048700: Frozen tuna & bonito fillets (this hsn code) | ₹18 Cr | | #4 | [HSN Code 03044940: Tuna fillets](https://busy.in/hsn/hsn-03044940/) | ₹6 Cr | | #5 | [HSN Code 03045990: Other, Fresh Or Chilled \| Other\|- Other](https://busy.in/hsn/hsn-03045990/) | ₹6 Cr | | #6 | [HSN Code 03044500: Fresh/chilled swordfish fillets](https://busy.in/hsn/hsn-03044500/) | ₹6 Cr | | #7 | [HSN Code 03048400: Frozen swordfish fillets](https://busy.in/hsn/hsn-03048400/) | ₹4 Cr | | #8 | [HSN Code 03045400: Swordfish: Fresh or chilled](https://busy.in/hsn/hsn-03045400/) | ₹3 Cr | | #9 | [HSN Code 03043900: Fresh Tilapia, catfish, carp, eel, Nile perch](https://busy.in/hsn/hsn-03043900/) | ₹3 Cr | | #10 | [HSN Code 03046100: Frozen tilapia fillets](https://busy.in/hsn/hsn-03046100/) | ₹1 Cr |