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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax Liability on Trading Account in Name of Person with Disability (Autism) Operated by Guardian
- Dinner party and 194Q
- TDS on Purchase of Goods 194Q
- Tcs claim for previous financial year
- Invertted duty struture
- Order from Department U/s 74
- GST RATE FOR CONSTRUCTION OF ROAD
- Portuguese Civil Code of 1867
- Seeking expert opinion on holding vs exit of parternship-owned warehouse business
- I want to Close my LLP
- Profit and sale of mutual fund by the trust
- Inter company borrowing
- Health insurance
- TDS Return filing if only have 15G /15H deductions and no other payments
- IMPORT OF GOODS CREDIT
- 80G deduction eligibility
- GST on Tobacco - as per new notification
- Cant amend a 26QB
- Gst no of supplier cancelled from 2017
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
Trending Online Classes
-
Online GST Course - Master the Fundamentals of GST with Practical Insights
Ruhi Joshirao19 January 2026
CAclubindia
