Explore NIC Code For Udyog Aadhar Or LLP / Company Registration.
NIC Code 01118 - Growing of soya bean oil seed
National Industrial Classification 2008 (NIC-2008) Code 01118 is used for Growing of soya bean oil seed. National Industrial Classification 2008 seeks to provide a basis for the standardized collection, analysis and dissemination of industry (economic activity) wise economic data for India. NIC code id required to obtain Udyog Aadhar or register a Company / LLP in India.
National Industrial Classification 2008 (NIC-2008) Code Structure
All the activities are grouped into several "activity groups" or "tabulation categories" in a hierarchical manner. Activities are first grouped into ‘section’ alphabetically coded from A through U, every section is divided into ‘division’ with 2-digit numeric code, every division into ‘group’ with 3-digit numeric code, every group into ‘class’ with 4-digit numeric code and every 4-digit class into 5-digit 'sub-class'.
The structure for NIC Code 01118 is shown below.
| Level | Description |
|---|---|
| Section A | AGRICULTURE, FORESTY AND FISHING |
| Division 01 | Crop and animal production, hunting and related service activities |
| Group 011 | Growing of non-perennial crops |
| Class 0111 | Growing of cereals (except rice), leguminous crops and oil seeds |
| Sub-Class 01118 | Growing of soya bean oil seed |
Why is NIC Code 01118 Important?
When registering your Growing of soya bean oil seed business in India, you'll need the NIC Code 01118 for official documentation and compliance. NIC Code 01118 ensures that your business is correctly categorized under Growing of soya bean oil seed for taxation and regulatory requirements.