Sea food market in Indiaby Estartup India Grow Business With Us
Indian fisheries play a vital role in all sectors of food production, rendering nutritional security to the food basket, giving to agricultural exports and engaging about fourteen million people in different activities. Also, the fisheries sector plays a primary role in the Indian economy through substantial earnings, employment generation, supporting livelihoods of millions of fishers and assuring nutritional and food security. In this article, we will discuss the Fish, Fish Products and Seafood in India.
Major Fish Products in India
Fish Meal and Fish Guano:
The waste elements omitted after extraction of oil and the flesh of non-oily fishes are dried in sun or inflame driers at high temperature. This is practised for feeding cattle, pigs, poultry birds and also utilised as manure in coffee, tea and tobacco plantation. Horse mackerels, mackerel and sardines which are mistaken as food are good as fish meal.
It is likewise prepared as a fish meal but here the fishes used are of high nutritive value and are fit for human consumption. Fish flour is rich in protein and readily digestible. It is to be used accompanying wheat or maize flour. Extension of more than 10% fish flour with other nutritious flour may not be acceptable to all due to its disagreeable taste, but a lesser quantity does not bring any change to the taste.
By treating the flesh of fish with hydrochloric acid and formic acid a semi-solid element is formed which is called fish silage. It is used as a fish meal with sounder nutritional conditions as most of the vitamin constituents are retained here.
GST on Fish and Seafood
Fish, crustaceans, molluscs & other aquatic worms in processed, cured or frozen state are taxable at 5% rate under GST. Also, there is a requirement of GST Registration for the businesses who indulge in fish and seafood business. Products such as Frozen, excluding fish fillets and different fish meat, Read More about GST on Fish, Fish Products and Seafood
Created on Nov 10th 2020 00:23. Viewed 73 times.