--- title: "HSN Code for Frozen Squid Tubes | HSN 03074330 GST Rate" description: "Find HSN and GST Rates for 03074330 related to Frozen Squid Tubes with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-03074330/" --- # HSN Code 03074330: Frozen Squid Tubes - [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: Squid Tubes (other than fresh or chilled and other than pre-packaged and labelled unit container) | 0% | 0% | 0% | 0% | | Cuttle fish and squid : Frozen: Squid Tubes | 2.5% | 2.5% | 5% | 0% | ## Frequently asked questions ### What products are classified under HSN 3074330 ? It includes Frozen Squid Tubes ### How to bill mixed items when Frozen Squid Tubes is sold with exempt goods? Use separate invoice lines per HSN. Apply Varies for Frozen Squid Tubes and Nil for exempt lines. This avoids misclassification and wrong tax collection. ### Is ITC allowed for costs used to trade Frozen Squid Tubes? 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 Frozen Squid Tubes? 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 Frozen Squid Tubes? Yes. When Frozen Squid Tubes 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. ### How much GST applies to Frozen Squid Tubes? Under HSN 03074330, Frozen Squid Tubes attracts Varies subject to its exact form and packaging. Use the correct HSN and describe the form clearly on the invoice. ## India's trade performance: HSN Code 03074330 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹112 Cr (−16.30% YoY) — 0.0030% of India's total exports - Imports: < ₹1 Crore — 0.0000% of India's total imports - Trade balance: ₹112 Cr (Surplus); surplus rank #1533 of 12657 HSN codes - Share of Sub-Chapter 0307: 1.86% of its exports; import side 1.54% - Rank within Sub-Chapter 0307: #4 of 43 by export value; import-side #7 ### Key metrics - Export CAGR: 2.84% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #2514 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +208.65% in FY 2021-22 - Contribution to Sub-Ch. 0307: 1.86% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 03074330 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 | 94.87 | 0.0042% | — | 1.82% | 2.41 | 0.0001% | — | 6.57% | +92.46 | #2085 | | FY 2019-20 | 75.93 | 0.0034% | −19.96% | 1.59% | 2.36 | 0.0001% | −2.07% | 7.73% | +73.57 | #2341 | | FY 2020-21 | 49.83 | 0.0023% | −34.37% | 1.22% | 1.12 | 0.0000% | −52.54% | 4.27% | +48.71 | #2935 | | FY 2021-22 | 153.80 | 0.0049% | +208.65% | 2.78% | < ₹1 Crore | 0.0000% | −99.11% | 0.04% | +153.79 | #1916 | | FY 2022-23 | 182.89 | 0.0051% | +18.91% | 2.66% | 1.59 | 0.0000% | +15,800.00% | 3.97% | +181.30 | #1824 | | FY 2023-24 | 134.07 | 0.0037% | −26.69% | 2.23% | Nil | 0.0000% | −100.00% | 0.00% | +134.07 | #2238 | | FY 2024-25 | 112.21 | 0.0030% | −16.30% | 1.86% | < ₹1 Crore | 0.0000% | — | 1.54% | +111.77 | #2514 | - CAGR (7-year): exports 2.84%/yr, imports -24.68%/yr (consistently Surplus) ## Key trade insights: HSN Code 03074330 export-import analysis ### Consistent export growth: 2.84% CAGR over 7 years India's exports under HSN Code 03074330 have grown at a compound annual rate of 2.84% over 7 fiscal years, rising from ₹94.87 Crore in FY 2018-19 to ₹112.21 Crore in FY 2024-25. ### HSN Code 03074330 ranked #2514 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 03074330 ranks #2514 out of 12657 HSN codes by total export value. Within Sub-Chapter 0307, it ranks #4 of 43. By trade surplus, it ranks #1533 of 12657. ### FY 2021-22 was the strongest growth year for HSN Code 03074330 exports The strongest single-year export movement for HSN Code 03074330 was recorded in FY 2021-22, when exports surged by 208.65% over the prior year. ### India maintains a trade surplus of ₹111.77 Crore in HSN Code 03074330 goods In FY 2024-25, India's exports of ₹112.21 Cr exceeded imports of ₹0.44 Cr, resulting in a trade surplus of ₹111.77 Crore — ranking #1533 of 12657 by surplus magnitude. ### Import growth of -24.68% CAGR signals stable import dependency for Frozen Squid Tubes India's imports under HSN Code 03074330 have grown at -24.68% CAGR, reaching ₹0.44 Crore in FY 2024-25. ### HSN Code 03074330 contributes 1.86% of Sub-Chapter 0307 exports — ranked #4 Among the 43 HSN codes under Sub-Chapter 0307, HSN Code 03074330 ranks #4 by export value — accounting for 1.86% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 1.54% share (rank #7). ## 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](https://busy.in/hsn/hsn-03074310/) | ₹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 (this hsn code) | ₹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 |