---
title: "HSN Code for Bicycles | HSN 87120010 GST Rate"
description: "Find HSN and GST Rates for 87120010 related to Bicycles with BUSY Accounting - The reliable source for HSN and GST details in India."
canonical: "https://busy.in/hsn/hsn-87120010/"
---

# HSN Code 87120010: Bicycles

- [Section 17: Guide to HSN Section 17](https://busy.in/hsn/section-17/)
- [Chapter 87: Vehicles Other Than Tramway/Railway Rolling Stock](https://busy.in/hsn/chapter-87/)
- [Sub-chapter 8712: Non-motorized bicycles](https://busy.in/hsn/sub-chapter-8712/)

## GST rates

| Description | CGST | SGST | IGST | CESS |
| --- | --- | --- | --- | --- |
| Bicycles and other cycles (including delivery tricycles), not motorised : Bicycles | 6% | 6% | 12% | Nil( if All old and used motor vehicles. Explanation : Nothing contained in this entry shall apply if the supplier of such goods has availed input tax credit as defined in clause (63) of section 2 of the Central Goods and Services Tax Act, 2017, CENVAT credit as defined in CENVAT Credit Rules, 2004, or the input tax credit of Value Added Tax or any other taxes paid on such vehicles / Nil (if Fuel Cell Motor Vehicles) |

## Frequently asked questions

### What products are classified under HSN 87120010 ?

It includes Of Motorcycles (Including Mopeds)

### Does packaging or labelling change the GST for Bicycles?

For food/agri items, GST can be 5% when not fresh/chilled and sold as pre‑packaged & labelled; otherwise often Nil. For non‑food items, rates depend on the specific sub‑heading.

### Do e‑way bill and e‑invoice apply for Bicycles?

e‑Way bill is needed above ₹50,000 consignment value (subject to exemptions). e‑Invoicing is turnover‑based (presently AATO > ₹5 crore) for B2B supplies.

### Any common misclassification issue with Bicycles?

Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.

### Can we claim ITC on inputs used to trade Bicycles?

If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.

### How much GST applies to Bicycles?

Under HSN 87120010, Bicycles attracts Varies when sold in taxable form. Describe the exact form on the invoice.

## India's trade performance: HSN Code 87120010 (FY 2024-25)

Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25).

- Exports: ₹571 Cr (+28.88% YoY) — 0.0155% of India's total exports
- Imports: ₹32 Cr (−69.80% YoY) — 0.0005% of India's total imports
- Trade balance: ₹539 Cr (Surplus); surplus rank #594 of 12657 HSN codes
- Share of Sub-Chapter 8712: 95.40% of its exports; import side 98.87%
- Rank within Sub-Chapter 8712: #1 of 2 by export value; import-side #1

### Key metrics

- Export CAGR: 9.36% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #894 of 12657 HSN codes by export value (FY 2024-25)
- Peak growth year: +42.41% in FY 2021-22
- Contribution to Sub-Ch. 8712: 95.40% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Code 87120010

7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.

| FY | Exports (₹ Cr) | Exp share | Exp YoY | Exp % of Sub-Ch. 8712 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 8712 | Trade balance | Exp rank |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| FY 2018-19 | 333.77 | 0.0146% | — | 98.94% | 363.34 | 0.0101% | — | 99.56% | −29.57 | #922 |
| FY 2019-20 | 318.36 | 0.0145% | −4.62% | 97.89% | 196.00 | 0.0059% | −46.06% | 99.63% | +122.36 | #942 |
| FY 2020-21 | 357.61 | 0.0166% | +12.33% | 98.39% | 315.09 | 0.0108% | +60.76% | 99.70% | +42.52 | #894 |
| FY 2021-22 | 509.28 | 0.0162% | +42.41% | 98.04% | 472.94 | 0.0103% | +50.10% | 99.30% | +36.34 | #848 |
| FY 2022-23 | 366.16 | 0.0101% | −28.10% | 98.23% | 244.38 | 0.0043% | −48.33% | 99.16% | +121.78 | #1164 |
| FY 2023-24 | 443.12 | 0.0122% | +21.02% | 98.42% | 107.32 | 0.0019% | −56.08% | 98.63% | +335.80 | #1060 |
| FY 2024-25 | 571.09 | 0.0155% | +28.88% | 95.40% | 32.41 | 0.0005% | −69.80% | 98.87% | +538.68 | #894 |

- CAGR (7-year): exports 9.36%/yr, imports -33.16%/yr (consistently Surplus)

## Key trade insights: HSN Code 87120010 export-import analysis

### Consistent export growth: 9.36% CAGR over 7 years

India's exports under HSN Code 87120010 have grown at a compound annual rate of 9.36% over 7 fiscal years, rising from ₹333.77 Crore in FY 2018-19 to ₹571.09 Crore in FY 2024-25.

### HSN Code 87120010 ranked #894 among all 12657 HSN codes by export value

In FY 2024-25, HSN Code 87120010 ranks #894 out of 12657 HSN codes by total export value. Within Sub-Chapter 8712, it ranks #1 of 2. By trade surplus, it ranks #594 of 12657.

### FY 2021-22 was the strongest growth year for HSN Code 87120010 exports

The strongest single-year export movement for HSN Code 87120010 was recorded in FY 2021-22, when exports surged by 42.41% over the prior year.

### India maintains a trade surplus of ₹538.68 Crore in HSN Code 87120010 goods

In FY 2024-25, India's exports of ₹571.09 Cr exceeded imports of ₹32.41 Cr, resulting in a trade surplus of ₹538.68 Crore — ranking #594 of 12657 by surplus magnitude.

### Import growth of -33.16% CAGR signals stable import dependency for Bicycles

India's imports under HSN Code 87120010 have grown at -33.16% CAGR, reaching ₹32.41 Crore in FY 2024-25.

### HSN Code 87120010 contributes 95.40% of Sub-Chapter 8712 exports — ranked #1

Among the 2 HSN codes under Sub-Chapter 8712, HSN Code 87120010 ranks #1 by export value — accounting for 95.40% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 98.87% share (rank #1).

## Related HSN Codes in Sub-Chapter 8712

Ranked by export value (FY 2024-25).

| Rank | HSN Code | Exports (FY 2024-25) |
| --- | --- | --- |
| #1 | HSN Code 87120010: Bicycles (this hsn code) | ₹571 Cr |
| #2 | [HSN Code 87120090: Other Cycles](https://busy.in/hsn/hsn-87120090/) | ₹28 Cr |