Selecting the Correct NIC Code for Exporters on Udyog Aadhaar

Introduction

Exporters who wish to register on Udyog Aadhaar must carefully select the appropriate National Industrial Classification (NIC) code based on the specific nature of their business activities. This guide provides an overview of the relevant NIC codes and advises on how to choose the right one for your export business registration process.

Understanding NIC Codes for Exporters

The National Industrial Classification (NIC) system categorizes different economic sectors and activities in India. For exporters participating in the Udyog Aadhaar program, the choice of the correct NIC code is crucial for accurate registration and compliance with government regulations.

NIC Code for Export of Goods

The NIC code 469: Wholesale Trade of Goods Not Classified Elsewhere is applicable for a broad range of export activities. This category covers the wholesale trade of goods not classified under other NIC codes and can encompass various export products and services.

NIC Codes for Manufacturing of Export Goods

For manufacturers exporting goods, the following NIC codes are relevant:

NIC Codes 10-33: Various Manufacturing Sectors NIC 10: Food Products - covering a range of manufactured food items. NIC 18-28: Machinery and Equipment - including various types of industrial machinery and equipment. NIC 30-33: Other Manufactured Goods - which includes diverse products such as textiles, chemicals, and pharmaceuticals.

NIC Code for Export of Services

For exporters providing services, the NIC code 77: Rental and Leasing of Intellectual Property and Similar Products may be applicable. This category includes rental and leasing activities of intellectual property and other similar products that can be relevant for service exporters.

Choosing the Correct NIC Code

To accurately select the NIC code, exporters should refer to the specific goods or services they are dealing with. The Ministry of Statistics and Programme Implementation (MoSPI) provides a detailed NIC classification that can help in identifying the right code. It is advisable to consult the latest NIC code list to ensure compliance and accuracy during registration.

Note: Registration on Udyog Aadhaar may not always be mandatory. However, it is important to pursue other necessary registrations such as Proprietorship Firm Registration and obtaining an IEC (Import Export Code) for export activities.

Additional Information

Get in touch with the concerned teams at your local government offices or consult with business service providers for detailed guidance on the specific NIC codes and registration processes.

Conclusion

The correct selection of NIC codes is critical for exporters wishing to register on Udyog Aadhaar. By understanding the relevant categories and consulting the latest NIC codes, businesses can ensure accurate and compliant registration, facilitating easier exports and business operations.