HS Code Guide · EPM Subvention
HS Code 030211 Meaning — Trout, fresh or chilled (excl. fillets): Global Trade, India & Factoring Guide
HS 030211 covers trout, fresh or chilled (excl. fillets). This guide explains what the code includes, its global trade, India's position, how GIFT City helps factor it, and whether MSME factoring qualifies for the 2.75% interest subvention.
What this HS code covers
HS 030211 sits in 03 — Fish, crustaceans & aquatic invertebrates. Official tariff description: “Fish; fresh or chilled, trout (Salmo trutta, Oncorhynchus mykiss, Oncorhynchus clarki, Oncorhynchus aguabonita, Oncorhynchus gilae, Oncorhynchus apache and Oncorhynchus chrysogaster), excluding fillets, livers, roes, and other fish meat of heading 0304” In plain terms, it covers trout, fresh or chilled (excl. fillets). Classification decides duty and documents; this 6-digit line is in the DGFT positive list (Trade Notice 25/2025-26 Annex V), so MSME factoring under it qualifies for the 2.75% subvention — details below.
What is HS 030211?
HS 030211 covers fresh/chilled trout — rainbow, brown and cutthroat species — whole, not filleted, not livers/roes. High-value freshwater salmonid for premium retail/foodservice.
Official description: Fish; fresh or chilled, trout (Salmo trutta, Oncorhynchus mykiss, Oncorhynchus clarki, Oncorhynchus aguabonita, Oncorhynchus gilae, Oncorhynchus apache and Oncorhynchus chrysogaster), excluding fillets, livers, roes, and other fish meat of heading 0304
What HS 030211 does in trade
- Separates trout from Pacific salmon (030213) and other salmonids (030219) — species determines health rules and price.
- Is eligible — fresh trout is in the positive list, so MSME trout factoring qualifies for 2.75%.
- Enables factoring for perishable air-freight trade with 14–30 day terms.
Global perspective — where HS 030211 moves
Global fresh trout trade is niche premium vs salmon — farmed rainbow dominates. EU, Turkey and Chile are key suppliers; EU is both producer and consumer.
| Top global exporters | Top global importers |
|---|---|
| Turkey | Germany |
| Norway | United States |
| Chile | Japan |
| Denmark | France |
| Iran | Russia |
India's stance on HS 030211
India's trout is niche — Himalayan cold-water aquaculture (J&K, Himachal, Uttarakhand). Exports are small but eligible; MPEDA regulates marine vs freshwater distinction.
Export docs to watch
Trout needs MPEDA/EIA health certificate and cold-chain B/L. Species must match invoice and catch/farm certificate.
GIFT City — factoring HS 030211 in foreign currency
Trout is perishable USD/EUR — GIFT City FC factoring can suit air-freight terms with 2.75% retained.
Trad can route eligible invoices via an IFSCA-regulated IBU or Finance Company/Finance Unit undertaking factoring in GIFT City. The 2.75% subvention is identical whether you factor via India (RBI-regulated) or GIFT City (IFSCA-regulated) — the choice is about currency, banking relationship and buyer location, not the benefit rate.
Common financing stack for this HS
Factoring advances 70–90% in 24–48 hours after invoice verification; balance minus discount/fees on buyer payment. Works alongside packing credit — factoring covers the post-shipment open-account gap.
MSME subvention — is HS 030211 eligible for 2.75%?
Yes — HS 030211 is in the positive list (Trade Notice 25/2025-26 Annex V). MSMEs involved in international value chains with a valid active IEC (not in DEL) and valid Udyam can claim 2.75% per annum on the factoring interest cost element when factoring via an RBI/IFSCA-regulated entity.
| Check | For HS 030211 |
|---|---|
| In positive list (HS-6) | Yes — 030211 listed in Annex V |
| Benefit | 2.75% p.a. on interest cost element |
| Annual cap | ₹50 lakh per MSME per FY |
| Valid from | Prospectively from 20 Feb 2026 |
| Need UIN per factor? | Yes — declaration of intent before factoring, valid till FY-end |
| Eligible factors | RBI-regulated (AD bank / factoring NBFC) or IFSCA-regulated (GIFT IBU/FC) |
| Not covered | Deemed exports (FTP Ch.7) & exports to SEZs |
Eight-digit HS? Use first 6 digits
Eligibility is at HS-6. If your 8-digit HS (e.g. 03021110) starts with 030211, it inherits this eligibility. Verify on the HS checker — enter 6 or 8 digits.
Check HS 030211 — free
Verify any 6 or 8-digit HS against the DGFT positive list and see the 2.75% factoring eligibility in seconds.
Open HS checkerFrequently asked questions
What is HS 030211 — Trout, fresh or chilled (excl. fillets)?
HS 030211 covers fresh/chilled trout — rainbow, brown and cutthroat species — whole, not filleted, not livers/roes. High-value freshwater salmonid for premium retail/foodservice.
Is HS 030211 eligible for the 2.75% interest subvention?
Yes. HS 030211 is in the DGFT positive list (Trade Notice 25/2025-26 Annex V, 4139 HS-6 lines). MSMEs factoring exports under this line via RBI/IFSCA-regulated factors can claim 2.75% per annum on the interest cost element, capped at ₹50 lakh per MSME per year, prospectively from 20 Feb 2026. Requires valid IEC (not in DEL), valid Udyam, and a UIN per factor obtained before factoring.
Who can claim the 2.75% for HS 030211 and how?
MSMEs (as defined by Ministry of MSME) with active IEC and Udyam, factoring eligible exports of HS 030211 via RBI/IFSCA-regulated entities. File a declaration of intent on the DGFT portal to get a UIN per factor (valid till FY-end), factor the invoice, the factor files monthly IEC-wise claims; subvention is credited to your IEC-linked bank account.
Can HS 030211 be factored via GIFT City?
Yes. IBUs and Finance Companies/Finance Units undertaking factoring in GIFT City (IFSCA-regulated) are eligible financial institutions under IFSCA circular 19 Mar 2026 and must extend the 2.75% benefit. Useful for USD/EUR receivables where you want foreign-currency factoring.
What does factoring for HS 030211 cost after subvention?
Indicatively, factoring discount/interest is priced commercially (often 8–12% p.a. depending on buyer, tenor, currency) plus factoring fee ~0.5–3% ⚠️. The 2.75% offsets only the interest element — e.g. a 9% interest cost becomes ~6.25% effective on that element if eligible. Fees/insurance/FX remain. Compare all-in cost.
Related HS codes
Compare HS 030211 with other MSME-export lines in the same chapter or family.
See all codes on the HS code guides hub, or read the 2.75% subvention deep-dive.