Within Chapter 3 – Fish And Crustaceans, Mollusc, HSN Code 3063500 serves as the official classification for Cold-Water Shrimps And Prawns (Pandalus Spp., Crangon Crangon). This code determines tax rates and compliance obligations for all entities trading in Cold-Water Shrimps And Prawns (Pandalus Spp., Crangon Crangon). CGST applies at Nil/2.5%, SGST/UTGST at Nil/2.5% for local transactions, and IGST at Nil/5% for interstate supplies. Measurement is standardized in kg..
HSN Codes under Chapter 3 – Fish And Crustaceans, Mollusc
Below are related HSN codes from Chapter 3 – Fish And Crustaceans, Mollusc for your reference:
| Chapter | HSN Code | Description | CGST | SGST/UTGST | IGST |
|---|---|---|---|---|---|
| Fish And Crustaceans, Mollusc... | 3011100 | Live Fish -Ornamental Fish--Freshwater | Nil | Nil | Nil |
| Fish And Crustaceans, Mollusc... | 3011900 | Live Fish -Ornamental Fish--Other | Nil | Nil | Nil |
| Fish And Crustaceans, Mollusc... | 3019100 | Live Fishother Live Fish Trout (Salmo Trutta, Onco... | Nil | Nil | Nil |
| Fish And Crustaceans, Mollusc... | 3019200 | Live Fishother Live Fish Eels (Anguilla Spp.) | Nil | Nil | Nil |
| Fish And Crustaceans, Mollusc... | 3019300 | Carp (Cyprinus Spp., Carassius Spp., Ctenopharyngo... | Nil | Nil | Nil |
| Fish And Crustaceans, Mollusc... | 3019400 | Live Fish-Other Live Fish-- Bluefin Tunas (Thunnus... | Nil | Nil | Nil |
| Fish And Crustaceans, Mollusc... | 3019500 | Live Fish-Other Live Fish--Southern Bluefin Tunas ... | Nil | Nil | Nil |
| Fish And Crustaceans, Mollusc... | 3019900 | Live Fishother Live Fish Other | Nil | Nil | Nil |
| Fish And Crustaceans, Mollusc... | 3021100 | Fish, Fresh Or Chilled, Excluding Fishfillets And ... | Nil | Nil | Nil |
| Fish And Crustaceans, Mollusc... | 3021300 | Fish, Fresh Or Chilled, Excluding Fishfillets And ... | Nil | Nil | Nil |
GST Rates for HSN 3063500
For Cold-Water Shrimps And Prawns (Pandalus Spp., Crangon Crangon) classified under HSN Code 3063500, tax computation follows GST principles. CGST at Nil/2.5% plus SGST/UTGST at Nil/2.5% covers intrastate sales. IGST at Nil/5% applies to interstate transactions. kg. is the prescribed measurement for Fish And Crustaceans, Mollusc under Chapter 3.
Who Should Use HSN Code 3063500?
Manufacturers, wholesalers, retailers, and exporters dealing in Cold-Water Shrimps And Prawns (Pandalus Spp., Crangon Crangon) are required to mention HSN 3063500 on all tax documents. This classification under Fish And Crustaceans, Mollusc applies to businesses of all sizes operating within Chapter 3. Proper usage ensures accurate return filing and audit compliance.
Business Registration Requirements
Entering the Cold-Water Shrimps And Prawns (Pandalus Spp., Crangon Crangon) market requires essential registrations. GST registration enables legal tax collection on HSN 3063500 goods. For cross-border trade in Fish And Crustaceans, Mollusc items, secure an Import Export Code. Exporters additionally need AD Code registration for bank processing. Begin with company registration to establish your business entity.
Why Correct Classification Matters
Accurate application of HSN Code 3063500 for Cold-Water Shrimps And Prawns (Pandalus Spp., Crangon Crangon) enables legitimate input tax credit claims and prevents assessment disputes. Businesses under Chapter 3 – Fish And Crustaceans, Mollusc should monitor rate updates (Nil/2.5%, Nil/2.5%, Nil/5%) through official notifications to maintain seamless compliance.
Frequently Asked Questions (FAQs)
What is the unit of measurement for HSN 3063500?
The standard unit of measurement for Cold-Water Shrimps And Prawns (Pandalus Spp., Crangon Crangon) under HSN Code 3063500 is kg.. All invoices and GST returns must reflect quantities using this measurement standard.
Is HSN Code 3063500 mandatory for small businesses?
Yes, businesses dealing in Cold-Water Shrimps And Prawns (Pandalus Spp., Crangon Crangon) must use HSN 3063500 on invoices regardless of their size. The number of digits required may vary based on turnover thresholds set by GST rules.
What happens if I use wrong HSN code for Cold-Water Shrimps And Prawns (Pandalus Spp., Crangon Crangon)?
Using incorrect classification can result in wrong tax calculation, rejected input credits, and penalties during assessment. Always verify HSN 3063500 for Fish And Crustaceans, Mollusc goods before invoicing.
Do I need AD Code registration for exporting Cold-Water Shrimps And Prawns (Pandalus Spp., Crangon Crangon)?
Yes, AD Code registration is required for exporters dealing in Cold-Water Shrimps And Prawns (Pandalus Spp., Crangon Crangon) under Fish And Crustaceans, Mollusc. This registration links your bank account to process foreign currency payments from overseas buyers.
