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India slashes fisheries GST rates, making seafood more affordable and boosting the industry.
India's fisheries sector received a boost with the GST Council's decision to reduce tax rates on various seafood products and aquaculture inputs, lowering rates from 12% to 5%.
This includes fish oils, processed fish products, and essential equipment like diesel engines and aerators.
The changes aim to reduce operational costs, enhance export competitiveness, and support millions in the fishing industry, making India's seafood more affordable and sustainable.
The reforms take effect on September 22, 2025.
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India reduce las tasas de GST en el sector pesquero, haciendo que los mariscos sean más asequibles e impulsando la industria.