Consistent Export Growth: 13.84% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 8714 have grown at a compound annual rate of 13.84% over 7 fiscal years, rising from ₹4,403.65 Crore in FY 2018-19 to ₹9,586.17 Crore in FY 2024-25.
HSN Sub Chapter 8714 represents Parts & Accessories Of Motorcycles under GST classification. This code helps businesses identify Parts & Accessories Of Motorcycles correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 8714, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Parts & Accessories Of Motorcycles.
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GST Rate for Parts & Accessories Of Motorcycles under HSN Code 8714. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Parts & Accessories Of Motorcycles.
Tariff HSN
Description
Of motorcycles (including mopeds): Saddles
Tariff HSN
Description
Of motorcycles (including mopeds): Other
Tariff HSN
Description
Of carriages for disabled persons : Mechanically propelled
Tariff HSN
Description
Of carriages for disabled persons : Non-mechanically propelled
Tariff HSN
Description
Of carriages for disabled persons : Other
Tariff HSN
Description
Other : Frames and forks, and parts thereof
Tariff HSN
Description
Other : Wheel rims and spokes : Bicycle rims
Tariff HSN
Description
Other : Wheel rims and spokes : Bicycle spokes
Tariff HSN
Description
Other : Wheel rims and spokes : Other
Tariff HSN
Description
Other : Hubs, other than coaster braking hubs and hub brakes, and free-wheel sprocket-wheels : Bicycle hubs
Tariff HSN
Description
Other : Hubs, other than coaster braking hubs and hub brakes, and free-wheel sprocket-wheels : Bicycle free-wheels
Tariff HSN
Description
Other : Hubs, other than coaster braking hubs and hub brakes, and free-wheel sprocket-wheels : Other
Tariff HSN
Description
Other : Brakes, including coaster braking hubs and hub brakes, and parts thereof
Tariff HSN
Description
Other : Saddles : Bicycle saddles
Tariff HSN
Description
Other : Saddles : Other
Tariff HSN
Description
Other : Pedals and crank-gear, and parts thereof
Tariff HSN
Description
Other : Other : Bicycle chains
Tariff HSN
Description
Other : Other : Bicycle wheels
Tariff HSN
Description
Other : Other : Other
India’s Exports
FY 2024-25₹9,586 Cr
0.2588% of India’s total exports
India’s Imports
FY 2024-25₹4,808 Cr
0.0788% of India’s total imports
Trade Balance
FY 2024-25₹4,778 Cr
Surplus rank #76 of 1233 subchapters
% of Chapter 87
FY 2024-255.00%
Share of Chapter 87’s total exports in FY 2024-25
Import side: 6.88% of Chapter 87’s imports
Rank Within Chapter 87
FY 2024-25#6 of 16
Position by export value among subchapters in Chapter 87
Import-side rank: #3 of 16
At a glance
13.84%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#70
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+40.45%
Peak Growth Year
FY 2021-22 · strongest single-year move
5.00%
Contribution to Ch. 87
Share of Chapter 87 exports in FY 2024-25
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
−471.97
Exports
4,403.65 ₹ Cr
0.1919% share
— YoY
3.48% of Ch. 87
Imports
4,875.62 ₹ Cr
0.1358% share
— YoY
11.33% of Ch. 87
Balance
+1,366.62
Exports
4,628.89 ₹ Cr
0.2096% share
+5.11% YoY
3.91% of Ch. 87
Imports
3,262.27 ₹ Cr
0.0972% share
−33.09% YoY
8.79% of Ch. 87
Balance
+1,516.20
Exports
5,222.05 ₹ Cr
0.2428% share
+12.81% YoY
5.19% of Ch. 87
Imports
3,705.85 ₹ Cr
0.1272% share
+13.60% YoY
10.85% of Ch. 87
Balance
+2,797.76
Exports
7,334.47 ₹ Cr
0.2337% share
+40.45% YoY
4.98% of Ch. 87
Imports
4,536.71 ₹ Cr
0.0993% share
+22.42% YoY
9.59% of Ch. 87
Balance
+3,275.04
Exports
7,398.27 ₹ Cr
0.2043% share
+0.87% YoY
4.34% of Ch. 87
Imports
4,123.23 ₹ Cr
0.0717% share
−9.11% YoY
7.12% of Ch. 87
Balance
+4,527.30
Exports
8,058.12 ₹ Cr
0.2227% share
+8.92% YoY
4.66% of Ch. 87
Imports
3,530.82 ₹ Cr
0.0629% share
−14.37% YoY
5.61% of Ch. 87
Balance
+4,777.98
Exports
9,586.17 ₹ Cr
0.2588% share
+18.96% YoY
5.00% of Ch. 87
Imports
4,808.19 ₹ Cr
0.0788% share
+36.18% YoY
6.88% of Ch. 87
CAGR · 7-Year
Exports
13.84% /yr
Imports
−0.23% /yr
reference, FY 2024-25
Export
₹1,91,608.67 Cr
Import
₹69,864.41 Cr
Trade Balance
+1,21,744.26
India's exports under HSN Sub-Chapter 8714 have grown at a compound annual rate of 13.84% over 7 fiscal years, rising from ₹4,403.65 Crore in FY 2018-19 to ₹9,586.17 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 8714 ranks #70 out of 1233 subchapters by total export value. Within Chapter 87, it ranks #6 of 16. By trade surplus, it ranks #76 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 8714 was recorded in FY 2021-22, when exports surged by 40.45% over the prior year.
In FY 2024-25, India's exports of ₹9,586.17 Cr exceeded imports of ₹4,808.19 Cr, resulting in a trade surplus of ₹4,777.98 Crore — ranking #76 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 8714 have grown at −0.23% CAGR, reaching ₹4,808.19 Crore in FY 2024-25.
Among the 16 subchapters under Chapter 87, HSN Sub-Chapter 8714 ranks #6 by export value — accounting for 5.00% of the chapter's total exports in FY 2024-25. On the import side, it holds 6.88% share (rank #3).
BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.
Clear answers to common queries about HSN Sub Chapter 8714 and GST compliance.
It includes Parts & Accessories Of Motorcycles
Using a broad or incorrect HSN, ignoring material/form (e.g., raw vs processed), or mixing goods and services on one line. Always match wording to the HSN Notes and keep a classification working paper.
If your outward supply of Parts & Accessories Of Motorcycles is taxable, ITC is generally available (Sections 16–17) except blocked credits (e.g., personal use, motor vehicles in most cases). For exempt supplies, proportionate reversal is required under Rule 42/43.
Prefer separate lines per item with its HSN so each component follows its own tax treatment. If it is a naturally bundled supply, identify the principal supply and tax the whole bundle accordingly.
Generate an e‑way bill when the consignment value exceeds ₹50,000, unless exempted for the transaction. E‑invoicing depends on turnover (AATO threshold as notified) for B2B supplies, not on the item itself.
Use a delivery challan for sending Parts & Accessories Of Motorcycles to the job worker. Declare movement in your records and reconcile when the goods return. If the job worker raises a service invoice, classify it under SAC; your goods remain under the original HSN.