NIC Code for Manufacture of other electronic consumer goods nec (this includes non-television video camera)

The National Industrial Classification (NIC) Code refers to a standardised system that is applicable in India for classification of business activities in assisting in regulation, statistical and compliance purposes. This classification is mandatorily required with Udyam Registration (MSME), Udyog Aadhaar, company incorporation, LLP registration, GST registration, bank documents and approvals relating to business activity.

Businesses that are engaged in Manufacture of other electronic consumer goods nec (this includes non-television video camera), the appropriate category of NIC is displayed as Class 2640 and Subclass 26409 that allows the activity to be registered as being official government and financial systems. The classification is used by businesses in the industries such as AC repair, water purifier servicing, building material supply, digital signature services, IT consulting, trading, transport, and agricultural trading, painting, recycling, etc.

NIC Class 2640 & Subclass 26409 for Manufacture of other electronic consumer goods nec (this includes non-television video camera)

The NIC Code for Manufacture of other electronic consumer goods nec (this includes non-television video camera) falls under:

  • NIC Class: 2640
  • NIC Subclass: 26409

This subclass includes all activities linked with Manufacture of other electronic consumer goods nec (this includes non-television video camera) that are connected to service delivery, manufacturing, trading, supply, installation, support, and maintenance. The business entities that are registered in the form of MSME or as a company will have to use this subclass in order to be properly classified by the ministry of corporate affairs (MCA), GST authorities, and Udyam portal.

Proper selection of NIC Code not only helps in compliance but also in recognizing various government records, tenders, industry licensing, and financial audits.

Importance of NIC Code for Udyam Registration & Udyog Aadhaar

The NIC Code is vital in the Udyam Registration process where all the businesses are required to declare the type of operations they are involved in. For businesses engaged in Manufacture of other electronic consumer goods nec (this includes non-television video camera) the right NIC Class 2640 and Subclass 26409 helps in:

  • Proper classification into Micro, Small or Medium enterprise
  • Eligibility for MSME subsidies and government benefits
  • Avoiding any mistakes in verification process by the Udyam portal
  • Easy linking with GST, PAN, bank accounts and MCA documents
  • Preference in government tenders based on MSME schemes
  • Prevents rejection and delays caused by incorrect classification

Benefits of Using the Correct NIC Code for Manufacture of other electronic consumer goods nec (this includes non-television video camera)

Uninterrupted Legal and Financial Compliance

Banks, NBFCs, and other government portals validate business activities via NIC codes for correct and accurate classification.

Access to MSME Incentives

  • Collateral-free loans
  • Interest rate subsidies
  • Technological upgrade plans
  • Government reimbursement programs

Fast Company/LLP Incorporation

The MCA system is automatic in cross-verification of NIC codes, which allows a much quicker approvals of businesses in Manufacture of other electronic consumer goods nec (this includes non-television video camera)

Evading Non-compliance Problems

Wrong NIC codes can lead to questioning when you go to submit your taxes, during audits or when tenders are being applied.

Improved Government Data Transparency

Right classification can improve the total visibility in Udyam, GST, GeM and industry databases.

Proper Industry Positioning

The NIC code evidently places your type of businesses as a useful part in AC repair, RO maintenance, building materials, electrical stores, IT systems, transport and agricultural trading, other services or manufacturing businesses.

NIC Code Structure for Manufacture of other electronic consumer goods nec (this includes non-television video camera) - Division, Group, Class & Subclass Explained

The NIC is organized in a hierarchical system that assist government to classify the businesses accurately:

  • 2-digit Division Code: This recognizes the industry sector.
  • 3-digit Group Code: Classifies businesses in that division.
  • 4-digit Class Code 2640: Defines the primary industrial class.
  • 5-digit Subclass Code 26409: Identifies the specific activity being carried out.
  • Used for NIC Code search, Udyam, Udyog Aadhaar & industry mapping

All businesses, regardless of whether they are suppliers, manufacturers, traders or service providers, have to categorize themselves according to this structure.

Description for NIC Code 26409 - Manufacture of other electronic consumer goods nec (this includes non-television video camera)

NIC Code 26409 of Class 2640 covers all the major businesses that are involved in Manufacture of other electronic consumer goods nec (this includes non-television video camera) and all associated in commercial, operational, servicing, manufacturing or trading operations.

Under this NIC Code, the business can be service centers, consultants, technicians, wholesalers, retailers, manufacturing units, distributors, or support-oriented firms, fully based on the nature of Manufacture of other electronic consumer goods nec (this includes non-television video camera).

This NIC Code is tried during MSME Udyam Registration, Udyog Aadhaar, GST registration, incorporation of companies, tenders, bank loan applications, government licensing and compliance.

This classification allows the government agencies to find accurate business and put into place the correct economic sector.

Frequently Asked Questions (FAQs)

What is the NIC Code for Manufacture of other electronic consumer goods nec (this includes non-television video camera)?

The NIC Code of Manufacture of other electronic consumer goods nec (this includes non-television video camera) specifies a particular industrial classification of the activity as per the National Industrial Classification system that helps in properly classifying the business.

What is the description of NIC Code 26409?

NIC Code 26409 includes all the activities related to Manufacture of other electronic consumer goods nec (this includes non-television video camera), defining the scope, nature, and functions entangled in this line of business.

Who issues the NIC Code in India?

The NIC Codes are issued and maintained by the National Statistical Office (NSO) of the ministry of Statistics and Programme implementation (MoSPI) of the Government of India.

What is the role of NIC Code in Udyam Registration for Manufacture of other electronic consumer goods nec (this includes non-television video camera)?

In Udyam Registration, the NIC Code for Manufacture of other electronic consumer goods nec (this includes non-television video camera), is used to ensure that MSMEs are classified correctly so that they qualify for the government benefits, subsidies, and all the other advantages tied to compliance.

What is the two-digit Division NIC Code for Manufacture of other electronic consumer goods nec (this includes non-television video camera)?

The two-digit Division NIC Code of Manufacture of other electronic consumer goods nec (this includes non-television video camera) is indicating the industrial sector in which this activity falls under and then it is later broken down into group, classes, and subclasses.

What is the three-digit Group NIC Code for Manufacture of other electronic consumer goods nec (this includes non-television video camera)?

The three digits Group Code for Manufacture of other electronic consumer goods nec (this includes non-television video camera) is classified into activities in the division along with other similar industries so that it is categorized accurately.