HSN Code 03074320: Frozen Whole Squids

HSN Code 03074320 represents Frozen Whole Squids under GST classification. This code helps businesses identify Frozen Whole Squids correctly for billing, taxation, and trade. With HSN Code 03074320, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Frozen Whole Squids.

Live Demo Available Today

Experience the power of Expert Accounting

Join our guided walkthrough to see how BUSY can transform your business operations.

Trusted by 6,00,000+ Users
4.6 Google Rating
+91
expand_more

* No credit card required

Description of Goods for HSN Code 03074320

HSN Code 03074320 relates to the following description.

Description of Goods

Cuttle fish and squid : Frozen: Whole Squids (other than fresh or chilled and other than pre-packaged and labelled unit container)

Chapter

03 - Fish and crustaceans,molluscs and other acquatic invertibrates

Sub Chapter

0307 - Molluscs, whether in shell or not, live,fresh, chilled, frozen, dried, salted or inbrine; smoked molluscs,whether in shell ornot,whetheror not cooked before or duringthe smoking process; flours, meals andpellets of molluscs, fit for human consumption

CGST

0%

SGST

0%

IGST

0%

CESS

0%

Description of Goods

Cuttle fish and squid : Frozen: Whole Squids

Chapter

03 - Fish and crustaceans,molluscs and other acquatic invertibrates

Sub Chapter

0307 - Molluscs, whether in shell or not, live,fresh, chilled, frozen, dried, salted or inbrine; smoked molluscs,whether in shell ornot,whetheror not cooked before or duringthe smoking process; flours, meals andpellets of molluscs, fit for human consumption

CGST

2.5%

SGST

2.5%

IGST

5%

CESS

0%

What does HSN Code 03074320 not include?

Frozen Whole Squids does not include products with the following descriptions.

HSN Code 03071200

Oysters : Frozen [ other than fresh or chilled and other than pre-packaged and labelled unit container]

HSN Code 03071900

Oysters : Other [ other than fresh or chilled and other than pre-packaged and labelled unit container]

HSN Code 03072100

Scallops, including green scallops of tthe genera Pecten, Chlamys or Placopecten : Live, fresh or chilled

HSN Code 03072200

Scallops, including green scallops of tthe genera Pecten, Chlamys or Placopecten : Frozen [ other than fresh or chilled and other than pre-packaged and labelled unit container]

HSN Code 03072200

Scallops, including green scallops of tthe genera Pecten, Chlamys or Placopecten : Frozen

HSN Code 03072900

Scallops, including green scallops of tthe genera Pecten, Chlamys or Placopecten : Other [ other than fresh or chilled and other than pre-packaged and labelled unit container]

HSN Code 03072900

Scallops, including green scallops of tthe genera Pecten, Chlamys or Placopecten : Other

HSN Code 03073200

Mussels (Mytilus spp., Perna spp.) : Frozen [ other than fresh or chilled and other than pre-packaged and labelled unit container]

HSN Code 03073910

Mussels (Mytilus spp., Perna spp.) : Other : Clams, clam meat (bivalves-Victorita, spp.,Mertrix spp. and Katalysia spp.[ other than fresh or chilled and other than pre-packaged and labelled unit container]

HSN Code 03073910

Mussels (Mytilus spp., Perna spp.) : Other : Clams, clam meat (bivalves-Victorita, spp.,Mertrix spp. and Katalysia spp.)

HSN Code 03073990

Mussels (Mytilus spp., Perna spp.) : Other : Other (other than fresh or chilled and other than pre-packaged and labelled unit container)

HSN Code 03074110

Molluscs, whether in shell or not, live,fresh, chilled, frozen, dried, salted or inbrine; aquatic invertebrates other than crustaceans and molluscs, live, fresh,chilled, frozen, dried, salted or in brine;flours, meals and pellets of aquaticinvertebrates other than crustaceans,fit for human consumptioncuttle fish (sepia officinalis, rossiamacrosoma, septiola spp.) and squid(ommastrephes spp., loligo spp., nototodarusspp., sepioteuthis spp.) : live, fresh and chilled cuttle fish

HSN Code 03074120

Invertebrates other than crustaceans and molluscs, live, fresh,chilled, frozen, dried, salted or in brine;flours, meals and pellets of aquaticinvertebrates other than crustaceans,fit for human consumptioncuttle fish (sepia officinalis, rossiamacrosoma, septiola spp.) and squid(ommastrephes spp., loligo spp., nototodarusspp., sepioteuthis spp.) : live, fresh and chilled squid

HSN Code 03074310

Cuttle fish and squid : Frozen: Cuttle Fish (other than fresh or chilled and other than pre-packaged and labelled unit container)

HSN Code 03074330

Cuttle fish and squid : Frozen: Squid Tubes (other than fresh or chilled and other than pre-packaged and labelled unit container)

HSN Code 03074910

Cuttle fish and squid : Other: Cuttle Fish (other than fresh or chilled and other than pre-packaged and labelled unit container)

HSN Code 03074920

Cuttle fish and squid : Other : Whole Squids(other than fresh or chilled and other than pre-packaged and labelled unit container)

HSN Code 03074930

Cuttle fish and squid : Other : Squid Tubes(other than fresh or chilled and other than pre-packaged and labelled unit container)

HSN Code 03074940

Cuttle fish and squid : Other : Dried squids(other than fresh or chilled and other than pre-packaged and labelled unit container)

HSN Code 03074990

Cuttle fish and squid : Other : Other(other than fresh or chilled and other than pre-packaged and labelled unit container)

HSN Code 03075200

Octopus (Octopus spp.) : Frozen(other than fresh or chilled and other than pre-packaged and labelled unit container)

HSN Code 03075900

Octopus (Octopus spp.) : Other(other than fresh or chilled and other than pre-packaged and labelled unit container)

HSN Code 03076000

Snails, other than sea snails (other than fresh or chilled and other than pre-packaged and labelled unit container)

HSN Code 03077100

Clams, cockles and ark shells (families Arcidae,Arcticidae, Cardiidae, Donacidae, Hiatellidae,Mactridae, Mesodesmatidae, Myidae, Semelidae,Solecurtidae , Solenidae, Tridacnidae and Veneridae) : Live, fresh or chilled

HSN Code 03077200

Clams, cockles and ark shells (families Arcidae,Arcticidae, Cardiidae, Donacidae, Hiatellidae,Mactridae, Mesodesmatidae, Myidae, Semelidae,Solecurtidae , Solenidae, Tridacnidae and Veneridae) : Frozen(other than fresh or chilled and other than pre-packaged and labelled unit container)

HSN Code 03077200

Clams, cockles and ark shells (families Arcidae,Arcticidae, Cardiidae, Donacidae, Hiatellidae,Mactridae, Mesodesmatidae, Myidae, Semelidae,Solecurtidae , Solenidae, Tridacnidae and Veneridae) : Frozen

HSN Code 03077900

Clams, cockles and ark shells (families Arcidae,Arcticidae, Cardiidae, Donacidae, Hiatellidae,Mactridae, Mesodesmatidae, Myidae, Semelidae,Solecurtidae , Solenidae, Tridacnidae and Veneridae) : Other(other than fresh or chilled and other than pre-packaged and labelled unit container)

HSN Code 03077900

Clams, cockles and ark shells (families Arcidae,Arcticidae, Cardiidae, Donacidae, Hiatellidae,Mactridae, Mesodesmatidae, Myidae, Semelidae,Solecurtidae , Solenidae, Tridacnidae and Veneridae) : Other

HSN Code 03078100

Abalone (Haliotis Spp.) and stromboid conchs (Strombus spp.): Live, fresh or chilled abalone

HSN Code 03078200

Abalone (Haliotis Spp.) and stromboid conchs (Strombus spp.): Live, fresh or chilled stromboid conchs

HSN Code 03078300

Abalone (Haliotis Spp.) and stromboid conchs (Strombus spp.): Frozen Abalone(other than fresh or chilled and other than pre-packaged and labelled unit container)

HSN Code 03078300

Abalone (Haliotis Spp.) and stromboid conchs (Strombus spp.): Frozen Abalone

HSN Code 03078400

Abalone (Haliotis Spp.) and stromboid conchs (Strombus spp.): Frozen stromboid conchs (other than fresh or chilled and other than pre-packaged and labelled unit container)

HSN Code 03078400

Abalone (Haliotis Spp.) and stromboid conchs (Strombus spp.): Frozen stromboid conchs

HSN Code 03078700

Abalone (Haliotis Spp.) and stromboid conchs (Strombus spp.): Other abalone (other than fresh or chilled and other than pre-packaged and labelled unit container)

HSN Code 03078700

Abalone (Haliotis Spp.) and stromboid conchs (Strombus spp.): Other abalone

HSN Code 03078800

Abalone (Haliotis Spp.) and stromboid conchs (Strombus spp.): Other stromboid conchs (other than fresh or chilled and other than pre-packaged and labelled unit container)

HSN Code 03078800

Abalone (Haliotis Spp.) and stromboid conchs (Strombus spp.): Other stromboid conchs

HSN Code 03079200

Other : Frozen (other than fresh or chilled and other than pre-packaged and labelled unit container)

HSN Code 03079900

Other : Other (other than fresh or chilled and other than pre-packaged and labelled unit container)

HSN Code 03079910

Chilled, frozen, dried, salted or in brine;flours, meals and pellets of aquaticinvertebrates other than crustaceans,fit for human consumption other : sea shell flesh

HSN Code 03079920

Chilled, frozen, dried, salted or in brine;flours, meals and pellets of aquaticinvertebrates other than crustaceans,fit for human consumption other : jelly fish (rhopelina spp.), dried salted or frozen

HSN Code 03079990

Chilled, frozen, dried, salted or in brine;flours, meals and pellets of aquaticinvertebrates other than crustaceans,fit for human consumption other : other

India’s Trade Performance — HSN Code 03074320 in FY 2024-25

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2024-25 Values in ₹ Crore

India’s Exports

FY 2024-25

₹2,865 Cr

+0.53% vs FY 2023-24

0.0778% of India’s total exports

India’s Imports

FY 2024-25

₹14 Cr

+5.72% vs FY 2023-24

0.0002% of India’s total imports

Trade Balance

FY 2024-25

₹2,850 Cr

Trade Surplus

Surplus rank #126 of 12657 HSN codes

% of Sub-Chapter 0307

FY 2024-25

47.42%

Share of Sub-Chapter 0307’s total exports in FY 2024-25

Import side: 50.46% of Sub-Chapter 0307’s imports

Rank Within Sub-Chapter 0307

FY 2024-25

#1 of 43

Position by export value among HSN codes in Sub-Chapter 0307

Import-side rank: #1 of 43

At a glance

3.81%

Export CAGR

FY 2018-19 → FY 2024-25 · 7 fiscal years

#180

National Export Rank

of 12657 HSN codes by export value, FY 2024-25

+33.13%

Peak Growth Year

FY 2021-22 · strongest single-year move

47.42%

Contribution to Sub-Ch. 0307

Share of Sub-Chapter 0307 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 03074320

7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.

FY 2018-19 Exp. Rank #133

Balance

+2,278.23

Exports

2,288.53 ₹ Cr

0.1002% share

— YoY

43.81% of Sub-Ch. 0307

Imports

10.30 ₹ Cr

0.0003% share

— YoY

28.09% of Sub-Ch. 0307

FY 2019-20 Exp. Rank #156

Balance

+1,992.47

Exports

2,004.28 ₹ Cr

0.0911% share

−12.42% YoY

41.84% of Sub-Ch. 0307

Imports

11.81 ₹ Cr

0.0004% share

+14.66% YoY

38.67% of Sub-Ch. 0307

FY 2020-21 Exp. Rank #173

Balance

+1,905.17

Exports

1,916.71 ₹ Cr

0.0891% share

−4.37% YoY

46.94% of Sub-Ch. 0307

Imports

11.54 ₹ Cr

0.0004% share

−2.29% YoY

43.96% of Sub-Ch. 0307

FY 2021-22 Exp. Rank #180

Balance

+2,538.87

Exports

2,551.81 ₹ Cr

0.0813% share

+33.13% YoY

46.12% of Sub-Ch. 0307

Imports

12.94 ₹ Cr

0.0003% share

+12.13% YoY

49.87% of Sub-Ch. 0307

FY 2022-23 Exp. Rank #146

Balance

+3,260.45

Exports

3,277.44 ₹ Cr

0.0905% share

+28.44% YoY

47.73% of Sub-Ch. 0307

Imports

16.99 ₹ Cr

0.0003% share

+31.30% YoY

42.42% of Sub-Ch. 0307

FY 2023-24 Exp. Rank #175

Balance

+2,835.86

Exports

2,849.49 ₹ Cr

0.0788% share

−13.06% YoY

47.33% of Sub-Ch. 0307

Imports

13.63 ₹ Cr

0.0002% share

−19.78% YoY

43.66% of Sub-Ch. 0307

FY 2024-25 Exp. Rank #180

Balance

+2,850.26

Exports

2,864.67 ₹ Cr

0.0778% share

+0.53% YoY

47.42% of Sub-Ch. 0307

Imports

14.41 ₹ Cr

0.0002% share

+5.72% YoY

50.46% of Sub-Ch. 0307

CAGR · 7-Year

Exports

3.81% /yr

Imports

5.76% /yr

Consistently Surplus
Sub-Chapter 0307 total

reference, FY 2024-25

Export

₹6,041.62 Cr

Import

₹28.56 Cr

Trade Balance

+6,013.06

Peak export growth year Latest available data Not available YoY = change vs previous FY

Key Trade Insights: HSN Code 03074320 Export-Import Analysis

Consistent Export Growth: 3.81% CAGR Over 7 Years

India's exports under HSN Code 03074320 have grown at a compound annual rate of 3.81% over 7 fiscal years, rising from ₹2,288.53 Crore in FY 2018-19 to ₹2,864.67 Crore in FY 2024-25.

HSN Code 03074320 Ranked #180 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 03074320 ranks #180 out of 12657 HSN codes by total export value. Within Sub-Chapter 0307, it ranks #1 of 43. By trade surplus, it ranks #126 of 12657.

FY 2021-22 Was the Strongest Growth Year for HSN Code 03074320 Exports

The strongest single-year export movement for HSN Code 03074320 was recorded in FY 2021-22, when exports surged by 33.13% over the prior year.

India Maintains a Trade Surplus of ₹2,850.26 Crore in HSN Code 03074320 Goods

In FY 2024-25, India's exports of ₹2,864.67 Cr exceeded imports of ₹14.41 Cr, resulting in a trade surplus of ₹2,850.26 Crore — ranking #126 of 12657 by surplus magnitude.

Import Growth of 5.76% CAGR Signals Stable Import Dependency for Frozen Whole Squids

India's imports under HSN Code 03074320 have grown at 5.76% CAGR, reaching ₹14.41 Crore in FY 2024-25.

HSN Code 03074320 Contributes 47.42% of Sub-Chapter 0307 Exports — Ranked #1

Among the 43 HSN codes under Sub-Chapter 0307, HSN Code 03074320 ranks #1 by export value — accounting for 47.42% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 50.46% share (rank #1).

Stop worrying about HSN & TAX compliance

BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.

Automatic Updates
Error-free GSTR
6,00,000+ Happy Users
+91
expand_more

* No credit card required

Frequently Asked Questions

Clear answers to common queries about HSN Code 03074320 and GST compliance.

What products are classified under HSN 3074320 ?

It includes Frozen Whole Squids

Does ‘pre‑packaged & labelled’ change GST on Frozen Whole Squids?

Yes. When Frozen Whole Squids 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 Whole Squids?

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

Are e‑way bill and e‑invoice required for Frozen Whole Squids?

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 Frozen Whole Squids is sold with exempt goods?

Use separate invoice lines per HSN. Apply Varies for Frozen Whole Squids and Nil for exempt lines. This avoids misclassification and wrong tax collection.

Is ITC allowed for costs used to trade Frozen Whole Squids?

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 Whole Squids?

Under HSN 03074320, Frozen Whole Squids attracts Varies subject to its exact form and packaging. Use the correct HSN and describe the form clearly on the invoice.

Important Disclaimer

The above does not constitute professional advice or a formal recommendation. We recommend consulting a professional tax consultant before acting on the information contained in this piece of content.