Explore NIC Code For Udyog Aadhar Or LLP / Company Registration.
NIC Code 24205 - Production and refining of precious metals (such as gold, silver platinum etc.) and alloys
National Industrial Classification 2008 (NIC-2008) Code 24205 is used for Production and refining of precious metals (such as gold, silver platinum etc.) and alloys. 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 24205 is shown below.
| Level | Description |
|---|---|
| Section C | MANUFACTURING |
| Division 24 | Manufacture of Basic Metals |
| Group 242 | Manufacture of basic precious and other non-ferrous metals |
| Class 2420 | Manufacture of basic precious and other non-ferrous metals |
| Sub-Class 24205 | Production and refining of precious metals (such as gold, silver platinum etc.) and alloys |
Why is NIC Code 24205 Important?
When registering your Production and refining of precious metals (such as gold, silver platinum etc.) and alloys business in India, you'll need the NIC Code 24205 for official documentation and compliance. NIC Code 24205 ensures that your business is correctly categorized under Production and refining of precious metals (such as gold, silver platinum etc.) and alloys for taxation and regulatory requirements.