3063400 is the designated HSN classification for Norway Lobsters (Nephrops Norvegicus), categorized under Chapter 3 – Fish And Crustaceans, Mollusc in the GST tariff structure. Businesses involved in trading, manufacturing, or importing Norway Lobsters (Nephrops Norvegicus) must apply this code correctly on invoices and tax returns. The applicable tax rates include CGST at Nil/2.5%, SGST/UTGST at Nil/2.5% for local transactions, and IGST at Nil/5% for interstate supplies. Quantities are measured in kg. for billing purposes.

Below are related HSN codes from Chapter 3 – Fish And Crustaceans, Mollusc for your reference:

Goods classified as Norway Lobsters (Nephrops Norvegicus) under HSN 3063400 are taxed based on transaction type. Local sales attract CGST at Nil/2.5% plus SGST/UTGST at Nil/2.5%. For supplies crossing state boundaries, IGST at Nil/5% applies. Documentation must reflect kg. as the measurement standard for Chapter 3 – Fish And Crustaceans, Mollusc products.

All businesses supplying Norway Lobsters (Nephrops Norvegicus) are obligated to use HSN 3063400 on tax invoices. From producers to retailers within Fish And Crustaceans, Mollusc, Chapter 3 classification ensures uniform tax treatment. This requirement applies regardless of turnover or business model.

Commencing trade in Norway Lobsters (Nephrops Norvegicus)? Secure GST registration to handle taxes on HSN 3063400 classified goods. Businesses with international operations in Fish And Crustaceans, Mollusc need an Import Export Code. Exporters require AD Code registration for foreign currency receipts. Start with company registration to formalize your business structure.

Using HSN Code 3063400 accurately for Norway Lobsters (Nephrops Norvegicus) avoids compliance issues and facilitates credit claims. Monitor changes to Nil/2.5%, Nil/2.5%, and Nil/5% rates for Chapter 3 – Fish And Crustaceans, Mollusc to maintain accurate filings and smooth business operations.