HSN Code 16055500: Molluscs | Octopus

HSN Code 16055500 represents Molluscs | Octopus under GST classification. This code helps businesses identify Molluscs | Octopus correctly for billing, taxation, and trade. With HSN Code 16055500, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Molluscs | Octopus.

Live Demo Available Today

Experience the power of Expert Accounting

Join our guided walkthrough to see how BUSY can transform your business operations.

Trusted by 6,00,000+ Users
4.6 Google Rating
+91
expand_more

* No credit card required

Description of Goods for HSN Code 16055500

HSN Code 16055500 relates to the following description.

Description of Goods

Molluscs : Octopus

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 16055500 not include?

Molluscs | Octopus does not include products with the following descriptions.

India’s Trade Performance — HSN Code 16055500 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

Nil

−100.00% vs FY 2023-24

0.0000% of India’s total exports

India’s Imports

FY 2024-25

< ₹1 Crore

+300.00% vs FY 2023-24

0.0000% of India’s total imports

Trade Balance

FY 2024-25

−< ₹1 Crore

Trade Deficit

Surplus rank #7481 of 12657 HSN codes

% of Sub-Chapter 1605

FY 2024-25

0.00%

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

Import side: 0.41% of Sub-Chapter 1605’s imports

At a glance

+3,100.00%

Peak Growth Year

FY 2022-23 · strongest single-year move

0.00%

Contribution to Sub-Ch. 1605

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

India Export-Import Trade Statistics for 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 2018-19

Balance

0.00

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 1605

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 1605

FY 2019-20 Exp. Rank #8811

Balance

+0.21

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.01% of Sub-Ch. 1605

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 1605

FY 2020-21 Exp. Rank #7910

Balance

+0.74

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+252.38% YoY

0.02% of Sub-Ch. 1605

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 1605

FY 2021-22 Exp. Rank #9543

Balance

+0.10

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−86.49% YoY

0.00% of Sub-Ch. 1605

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 1605

FY 2022-23 Exp. Rank #6933

Balance

+3.19

Exports

3.20 ₹ Cr

0.0001% share

+3,100.00% YoY

0.06% of Sub-Ch. 1605

Imports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.04% of Sub-Ch. 1605

FY 2023-24 Exp. Rank #7918

Balance

+1.36

Exports

1.41 ₹ Cr

0.0000% share

−55.94% YoY

0.03% of Sub-Ch. 1605

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+400.00% YoY

0.09% of Sub-Ch. 1605

FY 2024-25

Balance

−0.20

Exports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 1605

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+300.00% YoY

0.41% of Sub-Ch. 1605

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 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.

Stop worrying about HSN & TAX compliance

BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.

Automatic Updates
Error-free GSTR
6,00,000+ Happy Users
+91
expand_more

* No credit card required

Frequently Asked Questions

Clear answers to common queries about HSN Code 16055500 and GST compliance.

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.

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.