Sea food market in India
by Estartup India Grow Business With UsIndian 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.
Fish Flour:
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.
Fish Silage:
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
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Created on Nov 10th 2020 00:23. Viewed 152 times.