HSN Code 16055400: Molluscs | Cuttle Fish And Squid

HSN Code 16055400 represents Molluscs | Cuttle Fish And Squid under GST classification. This code helps businesses identify Molluscs | Cuttle Fish And Squid correctly for billing, taxation, and trade. With HSN Code 16055400, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Molluscs | Cuttle Fish And Squid.

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Description of Goods for HSN Code 16055400

HSN Code 16055400 relates to the following description.

Description of Goods

Molluscs : Cuttle fish and squid

Chapter

16 - Preparation of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates

Sub Chapter

1605 - Crustaceans, molluscs and other aquatic invertebrates, prepared or preserved

CGST

6%

SGST

6%

IGST

12%

CESS

0%

What does HSN Code 16055400 not include?

Molluscs | Cuttle Fish And Squid does not include products with the following descriptions.

India’s Trade Performance — HSN Code 16055400 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

₹22 Cr

−12.92% vs FY 2023-24

0.0006% of India’s total exports

India’s Imports

FY 2024-25

Nil

−100.00% vs FY 2023-24

0.0000% of India’s total imports

Trade Balance

FY 2024-25

₹22 Cr

Trade Surplus

Surplus rank #2741 of 12657 HSN codes

% of Sub-Chapter 1605

FY 2024-25

0.39%

Share of Sub-Chapter 1605’s total exports in FY 2024-25

Import side: 0.00% of Sub-Chapter 1605’s imports

Rank Within Sub-Chapter 1605

FY 2024-25

#4 of 18

Position by export value among HSN codes in Sub-Chapter 1605

At a glance

3.15%

Export CAGR

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

#4714

National Export Rank

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

+119.96%

Peak Growth Year

FY 2019-20 · strongest single-year move

0.39%

Contribution to Sub-Ch. 1605

Share of Sub-Chapter 1605 exports in FY 2024-25

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #4196

Balance

+18.64

Exports

18.64 ₹ Cr

0.0008% share

— YoY

0.69% of Sub-Ch. 1605

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 1605

FY 2019-20 Exp. Rank #3171

Balance

+40.41

Exports

41.00 ₹ Cr

0.0019% share

+119.96% YoY

1.34% of Sub-Ch. 1605

Imports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

2.25% of Sub-Ch. 1605

FY 2020-21 Exp. Rank #4285

Balance

+18.55

Exports

18.62 ₹ Cr

0.0009% share

−54.59% YoY

0.43% of Sub-Ch. 1605

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−88.14% YoY

0.23% of Sub-Ch. 1605

FY 2021-22 Exp. Rank #3931

Balance

+32.84

Exports

32.84 ₹ Cr

0.0010% share

+76.37% YoY

0.63% of Sub-Ch. 1605

Imports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 1605

FY 2022-23 Exp. Rank #4263

Balance

+27.86

Exports

27.86 ₹ Cr

0.0008% share

−15.16% YoY

0.48% of Sub-Ch. 1605

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 1605

FY 2023-24 Exp. Rank #4420

Balance

+24.71

Exports

25.78 ₹ Cr

0.0007% share

−7.47% YoY

0.49% of Sub-Ch. 1605

Imports

1.07 ₹ Cr

0.0000% share

— YoY

2.01% of Sub-Ch. 1605

FY 2024-25 Exp. Rank #4714

Balance

+22.45

Exports

22.45 ₹ Cr

0.0006% share

−12.92% YoY

0.39% of Sub-Ch. 1605

Imports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 1605

CAGR · 7-Year

Exports

3.15% /yr

Imports

—

Consistently Surplus
Sub-Chapter 1605 total

reference, FY 2024-25

Export

₹5,781.02 Cr

Import

₹49.11 Cr

Trade Balance

+5,731.91

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

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.

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Frequently Asked Questions

Clear answers to common queries about HSN Code 16055400 and GST compliance.

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.

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.