--- title: "HSN Code for Squid Tubes | HSN 03074930 GST Rate" description: "Find HSN and GST Rates for 03074930 related to Squid Tubes with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-03074930/" --- # HSN Code 03074930: 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 : Other : Squid Tubes(other than fresh or chilled and other than pre-packaged and labelled unit container) | 0% | 0% | 0% | 0% | | Cuttle fish and squid : Other : Squid Tubes | 2.5% | 2.5% | 5% | 0% | ## Frequently asked questions ### What products are classified under HSN 3074930 ? It includes Squid Tubes ### Does ‘pre‑packaged & labelled’ change GST on Squid Tubes? Yes. When 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 Squid Tubes? Under HSN 03074930, Squid Tubes 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 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. ### Any import/export nuance for Squid Tubes? Exports are zero‑rated. Imports may draw customs duties; domestic GST follows the schedule for the item’s form/packaging. ### How to bill mixed items when Squid Tubes is sold with exempt goods? Use separate invoice lines per HSN. Apply Varies for Squid Tubes and Nil for exempt lines. This avoids misclassification and wrong tax collection. ### Is ITC allowed for costs used to trade 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. ## India's trade performance: HSN Code 03074930 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹2 Cr (−56.20% YoY) — 0.0000% of India's total exports - Imports: Nil — 0.0000% of India's total imports - Trade balance: ₹2 Cr (Surplus); surplus rank #4267 of 12657 HSN codes - Share of Sub-Chapter 0307: 0.03% of its exports; import side 0.00% - Rank within Sub-Chapter 0307: #15 of 43 by export value ### Key metrics - Export CAGR: -24.91% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #7697 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +235.92% in FY 2022-23 - Contribution to Sub-Ch. 0307: 0.03% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 03074930 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 | 10.04 | 0.0004% | — | 0.19% | Nil | 0.0000% | — | 0.00% | +10.04 | #4984 | | FY 2019-20 | Nil | 0.0000% | −100.00% | 0.00% | Nil | 0.0000% | — | 0.00% | 0.00 | — | | FY 2020-21 | < ₹1 Crore | 0.0000% | — | 0.02% | Nil | 0.0000% | — | 0.00% | +0.62 | #8070 | | FY 2021-22 | 1.42 | 0.0000% | +129.03% | 0.03% | Nil | 0.0000% | — | 0.00% | +1.42 | #7670 | | FY 2022-23 | 4.77 | 0.0001% | +235.92% | 0.07% | Nil | 0.0000% | — | 0.00% | +4.77 | #6506 | | FY 2023-24 | 4.11 | 0.0001% | −13.84% | 0.07% | Nil | 0.0000% | — | 0.00% | +4.11 | #6810 | | FY 2024-25 | 1.80 | 0.0000% | −56.20% | 0.03% | Nil | 0.0000% | — | 0.00% | +1.80 | #7697 | - CAGR (7-year): exports -24.91%/yr, imports —/yr (consistently Surplus) ## Key trade insights: HSN Code 03074930 export-import analysis ### Export decline: -24.91% CAGR over 7 years India's exports under HSN Code 03074930 have declined at a compound annual rate of -24.91% over 7 fiscal years, falling from ₹10.04 Crore in FY 2018-19 to ₹1.80 Crore in FY 2024-25. ### HSN Code 03074930 ranked #7697 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 03074930 ranks #7697 out of 12657 HSN codes by total export value. Within Sub-Chapter 0307, it ranks #15 of 43. By trade surplus, it ranks #4267 of 12657. ### FY 2022-23 was the strongest growth year for HSN Code 03074930 exports The strongest single-year export movement for HSN Code 03074930 was recorded in FY 2022-23, when exports surged by 235.92% over the prior year. ### India maintains a trade surplus of ₹1.80 Crore in HSN Code 03074930 goods In FY 2024-25, India's exports of ₹1.80 Cr exceeded imports of ₹0.00 Cr, resulting in a trade surplus of ₹1.80 Crore — ranking #4267 of 12657 by surplus magnitude. ### HSN Code 03074930 contributes 0.03% of Sub-Chapter 0307 exports — ranked #15 Among the 43 HSN codes under Sub-Chapter 0307, HSN Code 03074930 ranks #15 by export value — accounting for 0.03% 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 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](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 | | #15 | HSN Code 03074930: Squid Tubes (this hsn code) | ₹2 Cr |