--- title: "HSN Code for Molluscs | Cuttle Fish And Squid | HSN 16055400 GST Rate" description: "Find HSN and GST Rates for 16055400 related to Molluscs | Cuttle Fish And Squid with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-16055400/" --- # HSN Code 16055400: Molluscs | Cuttle Fish And Squid - [Section 04: Guide to HSN Section 04](https://busy.in/hsn/section-04/) - [Chapter 16: Preparations of Meat, Fish or Crustaceans](https://busy.in/hsn/chapter-16/) - [Sub-chapter 1605: Amide-function compounds](https://busy.in/hsn/sub-chapter-1605/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Molluscs : Cuttle fish and squid | 6% | 6% | 12% | 0% | ## Frequently asked questions ### What products are classified under HSN 16055400 ? It includes Molluscs | Cuttle Fish And Squid ### Can we claim ITC on inputs used to trade Molluscs / Cuttle Fish And Squid? If your outward supply is taxable (5%/12% etc.), eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### Does packaging or labelling change the GST for Molluscs / Cuttle Fish And Squid? For many agri/food items, GST applies at 5% when they are not fresh/chilled and are sold as pre‑packaged & labelled. Loose or fresh/chilled forms may be Nil. ### How much GST applies to Molluscs / Cuttle Fish And Squid? Under HSN 16055400, Molluscs / Cuttle Fish And Squid attracts Varies when sold in taxable form. Describe the form and packaging clearly on the invoice. ### Do e‑way bill and e‑invoice apply for Molluscs / Cuttle Fish And Squid? Generate an e‑way bill if the consignment value exceeds ₹50,000 (subject to exemptions). e‑Invoicing is turnover‑based (presently AATO > ₹5 crore) for B2B supplies. ### Any common misclassification issue with Molluscs / Cuttle Fish And Squid? Use the exact HSN and the correct form (fresh/chilled vs. frozen/dried; PPL vs. not). Apply the rate per line to avoid wrong tax collection. ## India's trade performance: HSN Code 16055400 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹22 Cr (−12.92% YoY) — 0.0006% of India's total exports - Imports: Nil (−100.00% YoY) — 0.0000% of India's total imports - Trade balance: ₹22 Cr (Surplus); surplus rank #2741 of 12657 HSN codes - Share of Sub-Chapter 1605: 0.39% of its exports; import side 0.00% - Rank within Sub-Chapter 1605: #4 of 18 by export value ### Key metrics - Export CAGR: 3.15% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #4714 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +119.96% in FY 2019-20 - Contribution to Sub-Ch. 1605: 0.39% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 16055400 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. 1605 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 1605 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 18.64 | 0.0008% | — | 0.69% | Nil | 0.0000% | — | 0.00% | +18.64 | #4196 | | FY 2019-20 | 41.00 | 0.0019% | +119.96% | 1.34% | < ₹1 Crore | 0.0000% | — | 2.25% | +40.41 | #3171 | | FY 2020-21 | 18.62 | 0.0009% | −54.59% | 0.43% | < ₹1 Crore | 0.0000% | −88.14% | 0.23% | +18.55 | #4285 | | FY 2021-22 | 32.84 | 0.0010% | +76.37% | 0.63% | Nil | 0.0000% | −100.00% | 0.00% | +32.84 | #3931 | | FY 2022-23 | 27.86 | 0.0008% | −15.16% | 0.48% | Nil | 0.0000% | — | 0.00% | +27.86 | #4263 | | FY 2023-24 | 25.78 | 0.0007% | −7.47% | 0.49% | 1.07 | 0.0000% | — | 2.01% | +24.71 | #4420 | | FY 2024-25 | 22.45 | 0.0006% | −12.92% | 0.39% | Nil | 0.0000% | −100.00% | 0.00% | +22.45 | #4714 | - CAGR (7-year): exports 3.15%/yr, imports —/yr (consistently Surplus) ## Key trade insights: HSN Code 16055400 export-import analysis ### Consistent export growth: 3.15% CAGR over 7 years India's exports under HSN Code 16055400 have grown at a compound annual rate of 3.15% over 7 fiscal years, rising from ₹18.64 Crore in FY 2018-19 to ₹22.45 Crore in FY 2024-25. ### HSN Code 16055400 ranked #4714 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 16055400 ranks #4714 out of 12657 HSN codes by total export value. Within Sub-Chapter 1605, it ranks #4 of 18. By trade surplus, it ranks #2741 of 12657. ### FY 2019-20 was the strongest growth year for HSN Code 16055400 exports The strongest single-year export movement for HSN Code 16055400 was recorded in FY 2019-20, when exports surged by 119.96% over the prior year. ### India maintains a trade surplus of ₹22.45 Crore in HSN Code 16055400 goods In FY 2024-25, India's exports of ₹22.45 Cr exceeded imports of ₹0.00 Cr, resulting in a trade surplus of ₹22.45 Crore — ranking #2741 of 12657 by surplus magnitude. ### HSN Code 16055400 contributes 0.39% of Sub-Chapter 1605 exports — ranked #4 Among the 18 HSN codes under Sub-Chapter 1605, HSN Code 16055400 ranks #4 by export value — accounting for 0.39% 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 1605 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 16052900: Shrimps And Prawns \| Other](https://busy.in/hsn/hsn-16052900/) | ₹4,635 Cr | | #2 | [HSN Code 16052100: Shrimps and prawns : Not in airtight container](https://busy.in/hsn/hsn-16052100/) | ₹710 Cr | | #3 | [HSN Code 16051000: Crab](https://busy.in/hsn/hsn-16051000/) | ₹389 Cr | | #4 | HSN Code 16055400: Molluscs \| Cuttle Fish And Squid (this hsn code) | ₹22 Cr | | #5 | [HSN Code 16055900: Molluscs \| Other](https://busy.in/hsn/hsn-16055900/) | ₹17 Cr | | #6 | [HSN Code 16054000: Other Crustaceans](https://busy.in/hsn/hsn-16054000/) | ₹7 Cr | | #7 | [HSN Code 16053000: Lobster](https://busy.in/hsn/hsn-16053000/) | ₹1 Cr | | — | [HSN Code 16055100: Molluscs \| Oysters](https://busy.in/hsn/hsn-16055100/) | Nil | | — | [HSN Code 16055200: Molluscs : Scallops, including queen scallops](https://busy.in/hsn/hsn-16055200/) | Nil | | — | [HSN Code 16055300: Molluscs \| Mussels](https://busy.in/hsn/hsn-16055300/) | Nil |