Mgt-9 nic code
This query is : Resolved
11 July 2015
For filling MGT-9
Form for report ...
WHAT IS THE NIC CODE FOR
"CASHEW NUT SHELL OIL" ??
Form for report ...
WHAT IS THE NIC CODE FOR
"CASHEW NUT SHELL OIL" ??
03 August 2024
The NIC (National Industrial Classification) code for "Cashew Nut Shell Oil" can be identified under the appropriate category related to oil extraction and production. Based on the NIC codes available, the most relevant codes are:
1. **NIC Code 2011 for Manufacturing of Vegetable and Animal Oils and Fats:**
- **NIC Code 10403**: **"Processing of Cashew Nut"** (which involves various stages including extraction of oil).
2. **NIC Code 2011 for Extraction of Vegetable and Animal Oils:**
- **NIC Code 10401**: **"Extraction and Refining of Coconut Oil"** can be similar in approach but specific codes for Cashew Nut Shell Oil might not be distinctly listed. For a more specific categorization, you might have to refer to more detailed sections or consult industry-specific classification guidelines.
### **NIC Code Selection:**
- For **"Cashew Nut Shell Oil"**, the code would likely fall under the category of **oil extraction and processing**.
### **Steps to Determine the Correct Code:**
1. **Consult the NIC Manual:**
- Refer to the latest NIC Manual issued by the Ministry of Statistics and Programme Implementation (MOSPI) or visit their website for the most accurate code.
2. **Contact Industry Associations:**
- Reach out to industry associations related to cashew nut processing for specific advice on NIC codes.
3. **Consult Regulatory Authorities:**
- For precise NIC codes, contacting the Registrar of Companies (ROC) or similar regulatory bodies can also help in ensuring the code matches the exact nature of the business activity.
For the most accurate and detailed classification, it’s advisable to verify with the NIC manual or consult a professional who deals with industrial classifications and registrations.
1. **NIC Code 2011 for Manufacturing of Vegetable and Animal Oils and Fats:**
- **NIC Code 10403**: **"Processing of Cashew Nut"** (which involves various stages including extraction of oil).
2. **NIC Code 2011 for Extraction of Vegetable and Animal Oils:**
- **NIC Code 10401**: **"Extraction and Refining of Coconut Oil"** can be similar in approach but specific codes for Cashew Nut Shell Oil might not be distinctly listed. For a more specific categorization, you might have to refer to more detailed sections or consult industry-specific classification guidelines.
### **NIC Code Selection:**
- For **"Cashew Nut Shell Oil"**, the code would likely fall under the category of **oil extraction and processing**.
### **Steps to Determine the Correct Code:**
1. **Consult the NIC Manual:**
- Refer to the latest NIC Manual issued by the Ministry of Statistics and Programme Implementation (MOSPI) or visit their website for the most accurate code.
2. **Contact Industry Associations:**
- Reach out to industry associations related to cashew nut processing for specific advice on NIC codes.
3. **Consult Regulatory Authorities:**
- For precise NIC codes, contacting the Registrar of Companies (ROC) or similar regulatory bodies can also help in ensuring the code matches the exact nature of the business activity.
For the most accurate and detailed classification, it’s advisable to verify with the NIC manual or consult a professional who deals with industrial classifications and registrations.
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