--- title: "HSN Code for Frozen Cuttle Fish | HSN 03074310 GST Rate" description: "Find HSN and GST Rates for 03074310 related to Frozen Cuttle Fish with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-03074310/" --- # HSN Code 03074310: Frozen Cuttle 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 0307: Molluscs, fresh, frozen, dried, salted](https://busy.in/hsn/sub-chapter-0307/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Cuttle fish and squid : Frozen: Cuttle Fish (other than fresh or chilled and other than pre-packaged and labelled unit container) | 0% | 0% | 0% | 0% | | Cuttle fish and squid : Frozen: Cuttle Fish | 2.5% | 2.5% | 5% | 0% | ## Frequently asked questions ### What products are classified under HSN 3074310 ? It includes Frozen Cuttle Fish ### How to bill mixed items when Frozen Cuttle Fish is sold with exempt goods? Use separate invoice lines per HSN. Apply Varies for Frozen Cuttle Fish and Nil for exempt lines. This avoids misclassification and wrong tax collection. ### Is ITC allowed for costs used to trade Frozen Cuttle 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. ### Does ‘pre‑packaged & labelled’ change GST on Frozen Cuttle Fish? Yes. When Frozen Cuttle 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. ### Are e‑way bill and e‑invoice required for Frozen Cuttle 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. ### Any import/export nuance for Frozen Cuttle 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 03074310 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹2,380 Cr (+4.76% YoY) — 0.0647% of India's total exports - Imports: ₹3 Cr (+5.37% YoY) — 0.0000% of India's total imports - Trade balance: ₹2,377 Cr (Surplus); surplus rank #149 of 12657 HSN codes - Share of Sub-Chapter 0307: 39.39% of its exports; import side 8.93% - Rank within Sub-Chapter 0307: #2 of 43 by export value; import-side #4 ### Key metrics - Export CAGR: 3.41% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #222 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +27.23% in FY 2021-22 - Contribution to Sub-Ch. 0307: 39.39% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 03074310 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. 0307 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 0307 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 1,946.20 | 0.0852% | — | 37.25% | 11.88 | 0.0003% | — | 32.40% | +1,934.32 | #156 | | FY 2019-20 | 1,982.29 | 0.0901% | +1.85% | 41.38% | 4.20 | 0.0001% | −64.65% | 13.75% | +1,978.09 | #159 | | FY 2020-21 | 1,625.77 | 0.0756% | −17.99% | 39.82% | 2.25 | 0.0001% | −46.43% | 8.57% | +1,623.52 | #205 | | FY 2021-22 | 2,068.48 | 0.0659% | +27.23% | 37.38% | 5.46 | 0.0001% | +142.67% | 21.04% | +2,063.02 | #228 | | FY 2022-23 | 2,371.43 | 0.0655% | +14.65% | 34.53% | 6.97 | 0.0001% | +27.66% | 17.40% | +2,364.46 | #204 | | FY 2023-24 | 2,271.83 | 0.0628% | −4.20% | 37.74% | 2.42 | 0.0000% | −65.28% | 7.75% | +2,269.41 | #216 | | FY 2024-25 | 2,379.91 | 0.0647% | +4.76% | 39.39% | 2.55 | 0.0000% | +5.37% | 8.93% | +2,377.36 | #222 | - CAGR (7-year): exports 3.41%/yr, imports -22.62%/yr (consistently Surplus) ## Key trade insights: HSN Code 03074310 export-import analysis ### Consistent export growth: 3.41% CAGR over 7 years India's exports under HSN Code 03074310 have grown at a compound annual rate of 3.41% over 7 fiscal years, rising from ₹1,946.20 Crore in FY 2018-19 to ₹2,379.91 Crore in FY 2024-25. ### HSN Code 03074310 ranked #222 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 03074310 ranks #222 out of 12657 HSN codes by total export value. Within Sub-Chapter 0307, it ranks #2 of 43. By trade surplus, it ranks #149 of 12657. ### FY 2021-22 was the strongest growth year for HSN Code 03074310 exports The strongest single-year export movement for HSN Code 03074310 was recorded in FY 2021-22, when exports surged by 27.23% over the prior year. ### India maintains a trade surplus of ₹2,377.36 Crore in HSN Code 03074310 goods In FY 2024-25, India's exports of ₹2,379.91 Cr exceeded imports of ₹2.55 Cr, resulting in a trade surplus of ₹2,377.36 Crore — ranking #149 of 12657 by surplus magnitude. ### Import growth of -22.62% CAGR signals stable import dependency for Frozen Cuttle Fish India's imports under HSN Code 03074310 have grown at -22.62% CAGR, reaching ₹2.55 Crore in FY 2024-25. ### HSN Code 03074310 contributes 39.39% of Sub-Chapter 0307 exports — ranked #2 Among the 43 HSN codes under Sub-Chapter 0307, HSN Code 03074310 ranks #2 by export value — accounting for 39.39% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 8.93% share (rank #4). ## Related HSN Codes in Sub-Chapter 0307 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 03074320: Frozen Whole Squids](https://busy.in/hsn/hsn-03074320/) | ₹2,865 Cr | | #2 | HSN Code 03074310: Frozen Cuttle Fish (this hsn code) | ₹2,380 Cr | | #3 | [HSN Code 03075200: Tyres for Lorries/Buses](https://busy.in/hsn/hsn-03075200/) | ₹428 Cr | | #4 | [HSN Code 03074330: Frozen Squid Tubes](https://busy.in/hsn/hsn-03074330/) | ₹112 Cr | | #5 | [HSN Code 03074990: Other Cuttle Fish & Squids](https://busy.in/hsn/hsn-03074990/) | ₹83 Cr | | #6 | [HSN Code 03073910: Frozen Clams/Clam Meat (excl. pre-packaged)](https://busy.in/hsn/hsn-03073910/) | ₹39 Cr | | #7 | [HSN Code 03073990: Other Mussels (Other)](https://busy.in/hsn/hsn-03073990/) | ₹32 Cr | | #8 | [HSN Code 03075900: Frozen octopus](https://busy.in/hsn/hsn-03075900/) | ₹25 Cr | | #9 | [HSN Code 03074390: Cuttlefish/squid frozen other](https://busy.in/hsn/hsn-03074390/) | ₹22 Cr | | #10 | [HSN Code 03079200: Frozen seafood – Other](https://busy.in/hsn/hsn-03079200/) | ₹21 Cr |