HSN Code 87149320: Bicycle Freewheels

HSN Code 87149320 represents Bicycle Freewheels under GST classification. This code helps businesses identify Bicycle Freewheels correctly for billing, taxation, and trade. With HSN Code 87149320, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Bicycle Freewheels.

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Description of Goods for HSN Code 87149320

HSN Code 87149320 relates to the following description.

Description of Goods

Other : Hubs, other than coaster braking hubs and hub brakes, and free-wheel sprocket-wheels : Bicycle free-wheels

Chapter

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

Sub Chapter

8714 - Parts and accessories of vehicles of headings 8711 to 8713

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 87149320 not include?

Bicycle Freewheels does not include products with the following descriptions.

HSN Code 87149310

Other : Hubs, other than coaster braking hubs and hub brakes, and free-wheel sprocket-wheels : Bicycle hubs

HSN Code 87149390

Other : Hubs, other than coaster braking hubs and hub brakes, and free-wheel sprocket-wheels : Other

HSN Code 87149400

Other : Brakes, including coaster braking hubs and hub brakes, and parts thereof

India’s Trade Performance — HSN Code 87149320 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

₹127 Cr

+7.03% vs FY 2023-24

0.0035% of India’s total exports

India’s Imports

FY 2024-25

₹6 Cr

−17.83% vs FY 2023-24

0.0001% of India’s total imports

Trade Balance

FY 2024-25

₹121 Cr

Trade Surplus

Surplus rank #1475 of 12657 HSN codes

% of Sub-Chapter 8714

FY 2024-25

1.33%

Share of Sub-Chapter 8714’s total exports in FY 2024-25

Import side: 0.12% of Sub-Chapter 8714’s imports

Rank Within Sub-Chapter 8714

FY 2024-25

#6 of 19

Position by export value among HSN codes in Sub-Chapter 8714

Import-side rank: #13 of 19

At a glance

2.76%

Export CAGR

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

#2368

National Export Rank

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

+43.98%

Peak Growth Year

FY 2021-22 · strongest single-year move

1.33%

Contribution to Sub-Ch. 8714

Share of Sub-Chapter 8714 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 87149320

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 #1922

Balance

+101.70

Exports

107.95 ₹ Cr

0.0047% share

— YoY

2.45% of Sub-Ch. 8714

Imports

6.25 ₹ Cr

0.0002% share

— YoY

0.13% of Sub-Ch. 8714

FY 2019-20 Exp. Rank #1903

Balance

+108.89

Exports

111.36 ₹ Cr

0.0051% share

+3.16% YoY

2.41% of Sub-Ch. 8714

Imports

2.47 ₹ Cr

0.0001% share

−60.48% YoY

0.08% of Sub-Ch. 8714

FY 2020-21 Exp. Rank #1831

Balance

+120.77

Exports

126.20 ₹ Cr

0.0059% share

+13.33% YoY

2.42% of Sub-Ch. 8714

Imports

5.43 ₹ Cr

0.0002% share

+119.84% YoY

0.15% of Sub-Ch. 8714

FY 2021-22 Exp. Rank #1744

Balance

+169.31

Exports

181.70 ₹ Cr

0.0058% share

+43.98% YoY

2.48% of Sub-Ch. 8714

Imports

12.39 ₹ Cr

0.0003% share

+128.18% YoY

0.27% of Sub-Ch. 8714

FY 2022-23 Exp. Rank #2320

Balance

+111.87

Exports

118.02 ₹ Cr

0.0033% share

−35.05% YoY

1.60% of Sub-Ch. 8714

Imports

6.15 ₹ Cr

0.0001% share

−50.36% YoY

0.15% of Sub-Ch. 8714

FY 2023-24 Exp. Rank #2365

Balance

+111.46

Exports

118.75 ₹ Cr

0.0033% share

+0.62% YoY

1.47% of Sub-Ch. 8714

Imports

7.29 ₹ Cr

0.0001% share

+18.54% YoY

0.21% of Sub-Ch. 8714

FY 2024-25 Exp. Rank #2368

Balance

+121.11

Exports

127.10 ₹ Cr

0.0035% share

+7.03% YoY

1.33% of Sub-Ch. 8714

Imports

5.99 ₹ Cr

0.0001% share

−17.83% YoY

0.12% of Sub-Ch. 8714

CAGR · 7-Year

Exports

2.76% /yr

Imports

−0.71% /yr

Consistently Surplus
Sub-Chapter 8714 total

reference, FY 2024-25

Export

₹9,586.17 Cr

Import

₹4,808.19 Cr

Trade Balance

+4,777.98

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

Key Trade Insights: HSN Code 87149320 Export-Import Analysis

Consistent Export Growth: 2.76% CAGR Over 7 Years

India's exports under HSN Code 87149320 have grown at a compound annual rate of 2.76% over 7 fiscal years, rising from ₹107.95 Crore in FY 2018-19 to ₹127.10 Crore in FY 2024-25.

HSN Code 87149320 Ranked #2368 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 87149320 ranks #2368 out of 12657 HSN codes by total export value. Within Sub-Chapter 8714, it ranks #6 of 19. By trade surplus, it ranks #1475 of 12657.

FY 2021-22 Was the Strongest Growth Year for HSN Code 87149320 Exports

The strongest single-year export movement for HSN Code 87149320 was recorded in FY 2021-22, when exports surged by 43.98% over the prior year.

India Maintains a Trade Surplus of ₹121.11 Crore in HSN Code 87149320 Goods

In FY 2024-25, India's exports of ₹127.10 Cr exceeded imports of ₹5.99 Cr, resulting in a trade surplus of ₹121.11 Crore — ranking #1475 of 12657 by surplus magnitude.

Import Growth of −0.71% CAGR Signals Stable Import Dependency for Bicycle Freewheels

India's imports under HSN Code 87149320 have grown at −0.71% CAGR, reaching ₹5.99 Crore in FY 2024-25.

HSN Code 87149320 Contributes 1.33% of Sub-Chapter 8714 Exports — Ranked #6

Among the 19 HSN codes under Sub-Chapter 8714, HSN Code 87149320 ranks #6 by export value — accounting for 1.33% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.12% share (rank #13).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 87149320 and GST compliance.

What products are classified under HSN 87149320 ?

It includes Other | Other | Bicycle Wheels

Any common misclassification issue with Bicycle Freewheels?

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 Bicycle Freewheels?

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

Does packaging or labelling change the GST for Bicycle Freewheels?

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.

How should mixed supplies be billed when Bicycle Freewheels is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Bicycle Freewheels; Nil for exempt items if applicable).

How much GST applies to Bicycle Freewheels?

Under HSN 87149320, Bicycle Freewheels 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.