Within Chapter 3 – Fish And Crustaceans, Mollusc, HSN Code 3063630 serves as the official classification for Indian White Shrimp (Fenneropenaeus Indicus). This code determines tax rates and compliance obligations for all entities trading in Indian White Shrimp (Fenneropenaeus Indicus). 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 3063630
Tax liability for Indian White Shrimp (Fenneropenaeus Indicus) under HSN 3063630 varies by transaction geography. CGST at Nil/2.5% combined with SGST/UTGST at Nil/2.5% applies to local sales. Interstate movement attracts IGST at Nil/5%. All billing for Chapter 3 – Fish And Crustaceans, Mollusc products must use kg..
Who Should Use HSN Code 3063630?
Manufacturers, wholesalers, retailers, and exporters dealing in Indian White Shrimp (Fenneropenaeus Indicus) are required to mention HSN 3063630 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 Indian White Shrimp (Fenneropenaeus Indicus) market requires essential registrations. GST registration enables legal tax collection on HSN 3063630 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 HSN Code 3063630 usage for Indian White Shrimp (Fenneropenaeus Indicus) simplifies reconciliation and protects against penalties. Keep current with Nil/2.5%, Nil/2.5%, and Nil/5% updates for Chapter 3 – Fish And Crustaceans, Mollusc to ensure ongoing compliance.
Frequently Asked Questions (FAQs)
What is the unit of measurement for HSN 3063630?
The standard unit of measurement for Indian White Shrimp (Fenneropenaeus Indicus) under HSN Code 3063630 is kg.. All invoices and GST returns must reflect quantities using this measurement standard.
Is HSN Code 3063630 mandatory for small businesses?
Yes, businesses dealing in Indian White Shrimp (Fenneropenaeus Indicus) must use HSN 3063630 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 Indian White Shrimp (Fenneropenaeus Indicus)?
Using incorrect classification can result in wrong tax calculation, rejected input credits, and penalties during assessment. Always verify HSN 3063630 for Fish And Crustaceans, Mollusc goods before invoicing.
Do I need AD Code registration for exporting Indian White Shrimp (Fenneropenaeus Indicus)?
Yes, AD Code registration is required for exporters dealing in Indian White Shrimp (Fenneropenaeus Indicus) under Fish And Crustaceans, Mollusc. This registration links your bank account to process foreign currency payments from overseas buyers.
