--- title: "HSN Code for Molluscs | Octopus | HSN 16055500 GST Rate" description: "Find HSN and GST Rates for 16055500 related to Molluscs | Octopus with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-16055500/" --- # HSN Code 16055500: Molluscs | Octopus - [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 : Octopus | 6% | 6% | 12% | 0% | ## Frequently asked questions ### What products are classified under HSN 16055500 ? It includes Molluscs | Octopus ### How much GST applies to Molluscs / Octopus? Under HSN 16055500, Molluscs / Octopus attracts Varies when sold in taxable form. Describe the form and packaging clearly on the invoice. ### Can we claim ITC on inputs used to trade Molluscs / Octopus? 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. ### How should mixed supplies be billed when Molluscs / Octopus is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Molluscs / Octopus; Nil for exempt items if applicable). ### Does packaging or labelling change the GST for Molluscs / Octopus? 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. ### Do e‑way bill and e‑invoice apply for Molluscs / Octopus? 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. ## India's trade performance: HSN Code 16055500 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: Nil (−100.00% YoY) — 0.0000% of India's total exports - Imports: < ₹1 Crore (+300.00% YoY) — 0.0000% of India's total imports - Trade balance: −< ₹1 Crore (Deficit); surplus rank #7481 of 12657 HSN codes - Share of Sub-Chapter 1605: 0.00% of its exports; import side 0.41% ### Key metrics - Peak growth year: +3,100.00% in FY 2022-23 - Contribution to Sub-Ch. 1605: 0.00% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 16055500 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 | Nil | 0.0000% | — | 0.00% | Nil | 0.0000% | — | 0.00% | 0.00 | — | | FY 2019-20 | < ₹1 Crore | 0.0000% | — | 0.01% | Nil | 0.0000% | — | 0.00% | +0.21 | #8811 | | FY 2020-21 | < ₹1 Crore | 0.0000% | +252.38% | 0.02% | Nil | 0.0000% | — | 0.00% | +0.74 | #7910 | | FY 2021-22 | < ₹1 Crore | 0.0000% | −86.49% | 0.00% | Nil | 0.0000% | — | 0.00% | +0.10 | #9543 | | FY 2022-23 | 3.20 | 0.0001% | +3,100.00% | 0.06% | < ₹1 Crore | 0.0000% | — | 0.04% | +3.19 | #6933 | | FY 2023-24 | 1.41 | 0.0000% | −55.94% | 0.03% | < ₹1 Crore | 0.0000% | +400.00% | 0.09% | +1.36 | #7918 | | FY 2024-25 | Nil | 0.0000% | −100.00% | 0.00% | < ₹1 Crore | 0.0000% | +300.00% | 0.41% | −0.20 | — | ## Key trade insights: HSN Code 16055500 export-import analysis ### Export snapshot for HSN Code 16055500 India exported ₹0.00 Crore worth of Molluscs | Octopus in FY 2024-25. Multi-year trend data is being compiled for this hsn code. ### FY 2022-23 was the strongest growth year for HSN Code 16055500 exports The strongest single-year export movement for HSN Code 16055500 was recorded in FY 2022-23, when exports surged by 3,100.00% over the prior year. ### India records a trade deficit of ₹0.20 Crore in HSN Code 16055500 goods In FY 2024-25, India's imports of ₹0.20 Cr exceeded exports of ₹0.00 Cr, resulting in a trade deficit of ₹0.20 Crore — ranking #7481 of 12657 by surplus magnitude. ## 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](https://busy.in/hsn/hsn-16055400/) | ₹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 | | — | HSN Code 16055500: Molluscs \| Octopus (this hsn code) | Nil |