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.
Manage correct HSN codes and GST rates with BUSY.
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
2.5%
SGST
2.5%
IGST
5%
CESS
0%
Bicycles does not include products with the following descriptions.
Bicycles and other cycles (including delivery tricycles), not motorised : Other
Bicycles and other cycles (including delivery tricycles), not motorised : Other
BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.
India’s Exports
FY 2025-26₹669 Cr
0.0172% of India’s total exports
India’s Imports
FY 2025-26₹40 Cr
0.0006% of India’s total imports
Trade Balance
FY 2025-26₹630 Cr
Surplus rank #571 of 12872 HSN codes
% of Sub-Chapter 8712
FY 2025-2698.25%
Share of Sub-Chapter 8712’s total exports in FY 2025-26
Import side: 99.22% of Sub-Chapter 8712’s imports
Rank Within Sub-Chapter 8712
FY 2025-26#1 of 2
Position by export value among HSN codes in Sub-Chapter 8712
Import-side rank: #1 of 2
At a glance
10.45%
Export CAGR
FY 2018-19 → FY 2025-26 · 8 fiscal years
#871
National Export Rank
of 12872 HSN codes by export value, FY 2025-26
+42.41%
Peak Growth Year
FY 2021-22 · strongest single-year move
98.25%
Contribution to Sub-Ch. 8712
Share of Sub-Chapter 8712 exports in FY 2025-26
8-year export and import data, FY 2018-19 to FY 2025-26, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
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
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
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
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
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
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
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
Balance
+629.52
Exports
669.09 ₹ Cr
0.0172% share
+17.16% YoY
98.25% of Sub-Ch. 8712
Imports
39.57 ₹ Cr
0.0006% share
+22.09% YoY
99.22% of Sub-Ch. 8712
CAGR · 8-Year
Exports
10.45% /yr
Imports
−27.15% /yr
reference, FY 2025-26
Export
₹681.04 Cr
Import
₹39.88 Cr
Trade Balance
+641.16
India's exports under HSN Code 87120010 have grown at a compound annual rate of 10.45% over 8 fiscal years, rising from ₹333.77 Crore in FY 2018-19 to ₹669.09 Crore in FY 2025-26.
In FY 2025-26, HSN Code 87120010 ranks #871 out of 12872 HSN codes by total export value. Within Sub-Chapter 8712, it ranks #1 of 2. By trade surplus, it ranks #571 of 12872.
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.
In FY 2025-26, India's exports of ₹669.09 Cr exceeded imports of ₹39.57 Cr, resulting in a trade surplus of ₹629.52 Crore — ranking #571 of 12872 by surplus magnitude.
India's imports under HSN Code 87120010 have grown at −27.15% CAGR, reaching ₹39.57 Crore in FY 2025-26.
Among the 2 HSN codes under Sub-Chapter 8712, HSN Code 87120010 ranks #1 by export value — accounting for 98.25% of the sub-chapter's total exports in FY 2025-26. On the import side, it holds 99.22% share (rank #1).
Clear answers to common queries about HSN Code 87120010 and GST compliance.
It includes Of Motorcycles (Including Mopeds)
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.
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.
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.
Under HSN 87120010, Bicycles attracts Varies when sold in taxable form. Describe the exact form on the invoice.