HSN Code 87120010: Bicycles

HSN Code 87120010 represents Bicycles under GST classification. This code helps businesses identify Bicycles correctly for billing, taxation, and trade. With HSN Code 87120010, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Bicycles.

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Description of Goods for HSN Code 87120010

HSN Code 87120010 relates to the following description.

Description of Goods

Bicycles and other cycles (including delivery tricycles), not motorised : Bicycles

Chapter

87 - Vehicles other than railway or tramway rolling-stock, and parts and accessories thereof

Sub Chapter

8712 - Bicycles and other cycles (including delivery tricycles), not motorised

CGST

6%

SGST

6%

IGST

12%

CESS

See note

CESS note

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)

What does HSN Code 87120010 not include?

Bicycles does not include products with the following descriptions.

HSN Code 87120090

Bicycles and other cycles (including delivery tricycles), not motorised : Other

India’s Trade Performance — HSN Code 87120010 in FY 2024-25

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2024-25 Values in ₹ Crore

India’s Exports

FY 2024-25

₹571 Cr

+28.88% vs FY 2023-24

0.0155% of India’s total exports

India’s Imports

FY 2024-25

₹32 Cr

−69.80% vs FY 2023-24

0.0005% of India’s total imports

Trade Balance

FY 2024-25

₹539 Cr

Trade Surplus

Surplus rank #594 of 12657 HSN codes

% of Sub-Chapter 8712

FY 2024-25

95.40%

Share of Sub-Chapter 8712’s total exports in FY 2024-25

Import side: 98.87% of Sub-Chapter 8712’s imports

Rank Within Sub-Chapter 8712

FY 2024-25

#1 of 2

Position by export value among HSN codes in Sub-Chapter 8712

Import-side rank: #1 of 2

At a glance

9.36%

Export CAGR

FY 2018-19 → FY 2024-25 · 7 fiscal years

#894

National Export Rank

of 12657 HSN codes by export value, FY 2024-25

+42.41%

Peak Growth Year

FY 2021-22 · strongest single-year move

95.40%

Contribution to Sub-Ch. 8712

Share of Sub-Chapter 8712 exports in FY 2024-25

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #922

Balance

−29.57

Exports

333.77 ₹ Cr

0.0146% share

— YoY

98.94% of Sub-Ch. 8712

Imports

363.34 ₹ Cr

0.0101% share

— YoY

99.56% of Sub-Ch. 8712

FY 2019-20 Exp. Rank #942

Balance

+122.36

Exports

318.36 ₹ Cr

0.0145% share

−4.62% YoY

97.89% of Sub-Ch. 8712

Imports

196.00 ₹ Cr

0.0059% share

−46.06% YoY

99.63% of Sub-Ch. 8712

FY 2020-21 Exp. Rank #894

Balance

+42.52

Exports

357.61 ₹ Cr

0.0166% share

+12.33% YoY

98.39% of Sub-Ch. 8712

Imports

315.09 ₹ Cr

0.0108% share

+60.76% YoY

99.70% of Sub-Ch. 8712

FY 2021-22 Exp. Rank #848

Balance

+36.34

Exports

509.28 ₹ Cr

0.0162% share

+42.41% YoY

98.04% of Sub-Ch. 8712

Imports

472.94 ₹ Cr

0.0103% share

+50.10% YoY

99.30% of Sub-Ch. 8712

FY 2022-23 Exp. Rank #1164

Balance

+121.78

Exports

366.16 ₹ Cr

0.0101% share

−28.10% YoY

98.23% of Sub-Ch. 8712

Imports

244.38 ₹ Cr

0.0043% share

−48.33% YoY

99.16% of Sub-Ch. 8712

FY 2023-24 Exp. Rank #1060

Balance

+335.80

Exports

443.12 ₹ Cr

0.0122% share

+21.02% YoY

98.42% of Sub-Ch. 8712

Imports

107.32 ₹ Cr

0.0019% share

−56.08% YoY

98.63% of Sub-Ch. 8712

FY 2024-25 Exp. Rank #894

Balance

+538.68

Exports

571.09 ₹ Cr

0.0155% share

+28.88% YoY

95.40% of Sub-Ch. 8712

Imports

32.41 ₹ Cr

0.0005% share

−69.80% YoY

98.87% of Sub-Ch. 8712

CAGR · 7-Year

Exports

9.36% /yr

Imports

−33.16% /yr

Consistently Surplus
Sub-Chapter 8712 total

reference, FY 2024-25

Export

₹598.63 Cr

Import

₹32.78 Cr

Trade Balance

+565.85

Peak export growth year Latest available data Not available YoY = change vs previous FY

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).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 87120010 and GST compliance.

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.

Important Disclaimer

The above does not constitute professional advice or a formal recommendation. We recommend consulting a professional tax consultant before acting on the information contained in this piece of content.