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NIC Code 24108 - Manufacture of wire of steel by cold drawing or stretching

Group Class Sub Class Description
241  Manufacture of basic iron and steel
 2410 Manufacture of basic iron and steel
  24108Manufacture of wire of steel by cold drawing or stretching

National Industrial Classification 2008 (NIC-2008) Code 24108 is used for Manufacture of wire of steel by cold drawing or stretching. 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 24108 is shown below.

Level Description
Section CMANUFACTURING
Division 24Manufacture of Basic Metals
Group 241Manufacture of basic iron and steel
Class 2410Manufacture of basic iron and steel
Sub-Class 24108Manufacture of wire of steel by cold drawing or stretching

Why is NIC Code 24108 Important?

When registering your Manufacture of wire of steel by cold drawing or stretching business in India, you'll need the NIC Code 24108 for official documentation and compliance. NIC Code 24108 ensures that your business is correctly categorized under Manufacture of wire of steel by cold drawing or stretching for taxation and regulatory requirements.