--- title: "HSN Code for Other Cuttle Fish & Squids | HSN 03074990 GST Rate" description: "Find HSN and GST Rates for 03074990 related to Other Cuttle Fish & Squids with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-03074990/" --- # HSN Code 03074990: Other Cuttle Fish & Squids - [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 : Other(other than fresh or chilled and other than pre-packaged and labelled unit container) | 0% | 0% | 0% | 0% | | Cuttle fish and squid : Other : Other | 2.5% | 2.5% | 5% | 0% | ## Frequently asked questions ### What products are classified under HSN 3074990 ? It includes Other Cuttle Fish & Squids ### Does ‘pre‑packaged & labelled’ change GST on Other Cuttle Fish & Squids? Yes. When Other Cuttle Fish & 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. ### How to bill mixed items when Other Cuttle Fish & Squids is sold with exempt goods? Use separate invoice lines per HSN. Apply Varies for Other Cuttle Fish & Squids and Nil for exempt lines. This avoids misclassification and wrong tax collection. ### How much GST applies to Other Cuttle Fish & Squids? Under HSN 03074990, Other Cuttle Fish & Squids attracts Varies subject to its exact form and packaging. Use the correct HSN and describe the form clearly on the invoice. ### Is ITC allowed for costs used to trade Other Cuttle Fish & 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. ### Are e‑way bill and e‑invoice required for Other Cuttle Fish & 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. ## India's trade performance: HSN Code 03074990 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹83 Cr (+0.60% YoY) — 0.0023% of India's total exports - Imports: ₹1 Cr (+477.27% YoY) — 0.0000% of India's total imports - Trade balance: ₹82 Cr (Surplus); surplus rank #1752 of 12657 HSN codes - Share of Sub-Chapter 0307: 1.38% of its exports; import side 4.45% - Rank within Sub-Chapter 0307: #5 of 43 by export value; import-side #6 ### Key metrics - Export CAGR: -14.16% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #2917 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +74.06% in FY 2021-22 - Contribution to Sub-Ch. 0307: 1.38% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 03074990 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 | 208.17 | 0.0091% | — | 3.98% | 3.02 | 0.0001% | — | 8.24% | +205.15 | #1278 | | FY 2019-20 | 169.83 | 0.0077% | −18.42% | 3.55% | Nil | 0.0000% | −100.00% | 0.00% | +169.83 | #1467 | | FY 2020-21 | 72.75 | 0.0034% | −57.16% | 1.78% | Nil | 0.0000% | — | 0.00% | +72.75 | #2431 | | FY 2021-22 | 126.63 | 0.0040% | +74.06% | 2.29% | Nil | 0.0000% | — | 0.00% | +126.63 | #2134 | | FY 2022-23 | 134.53 | 0.0037% | +6.24% | 1.96% | Nil | 0.0000% | — | 0.00% | +134.53 | #2175 | | FY 2023-24 | 82.78 | 0.0023% | −38.47% | 1.38% | < ₹1 Crore | 0.0000% | — | 0.70% | +82.56 | #2831 | | FY 2024-25 | 83.28 | 0.0023% | +0.60% | 1.38% | 1.27 | 0.0000% | +477.27% | 4.45% | +82.01 | #2917 | - CAGR (7-year): exports -14.16%/yr, imports -13.44%/yr (consistently Surplus) ## Key trade insights: HSN Code 03074990 export-import analysis ### Export decline: -14.16% CAGR over 7 years India's exports under HSN Code 03074990 have declined at a compound annual rate of -14.16% over 7 fiscal years, falling from ₹208.17 Crore in FY 2018-19 to ₹83.28 Crore in FY 2024-25. ### HSN Code 03074990 ranked #2917 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 03074990 ranks #2917 out of 12657 HSN codes by total export value. Within Sub-Chapter 0307, it ranks #5 of 43. By trade surplus, it ranks #1752 of 12657. ### FY 2021-22 was the strongest growth year for HSN Code 03074990 exports The strongest single-year export movement for HSN Code 03074990 was recorded in FY 2021-22, when exports surged by 74.06% over the prior year. ### India maintains a trade surplus of ₹82.01 Crore in HSN Code 03074990 goods In FY 2024-25, India's exports of ₹83.28 Cr exceeded imports of ₹1.27 Cr, resulting in a trade surplus of ₹82.01 Crore — ranking #1752 of 12657 by surplus magnitude. ### Import growth of -13.44% CAGR signals stable import dependency for Other Cuttle Fish & Squids India's imports under HSN Code 03074990 have grown at -13.44% CAGR, reaching ₹1.27 Crore in FY 2024-25. ### HSN Code 03074990 contributes 1.38% of Sub-Chapter 0307 exports — ranked #5 Among the 43 HSN codes under Sub-Chapter 0307, HSN Code 03074990 ranks #5 by export value — accounting for 1.38% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 4.45% share (rank #6). ## 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 (this hsn code) | ₹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 |