The choice of the GST Council to scale back the speed relevant to inputs and tools utilized in aquaculture farms will assist the seafood sector as a complete.
Seafood Exporters Affiliation of India (SEAI) mentioned that the sector has come underneath stress on account of the choice of the US administration to impose 50 per cent tariff on items imported from India. The shrimp grown by means of aquaculture is a number one part of India’s export basket to the US.
Direct profit
The particular proposals regarding discount of responsibility on farm inputs, fish feeds, fish oils, and processed fish will present a direct profit to the sector each by bringing down value of manufacturing in addition to by decreasing the market value, selling greater consumption, Ok.N.Raghavan, Secretary Normal of SEAI mentioned.
The choice to deliver down the tax on companies for job work for seafood processing will immediately assist to deliver down the price of manufacturing and convey nice profit to your entire seafood sector. The give attention to setting safety and promotion of sustainable practises by means of responsibility advantages for economic-friendly ponds can also be a welcome step, he added.
Printed on September 4, 2025
