NIC Code for Manufacture of hard board including false board and chip board

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 hard board including false board and chip board, the appropriate category of NIC is displayed as Class 1701 and Subclass 17017 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 1701 & Subclass 17017 for Manufacture of hard board including false board and chip board

The NIC Code for Manufacture of hard board including false board and chip board is categorized as:

  • NIC Class: 1701
  • NIC Subclass: 17017

This subclass has all such activities associated with Manufacture of hard board including false board and chip board that are related to service delivery, manufacturing, trading, supply, installation, support, and maintenance. Businesses that are registered in the form of MSME or as a company have to use this subclass in order to be properly classified by the ministry of corporate affairs (MCA), GST authorities, and Udyam portal.

Choosing the appropriate NIC Code not only helps in compliance but also in recognition in 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 hard board including false board and chip board the right NIC Class 1701 and Subclass 17017 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 hard board including false board and chip board

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 hard board including false board and chip board

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 hard board including false board and chip board - 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 1701: Defines the primary industrial class.
  • 5-digit Subclass Code 17017: 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 17017 - Manufacture of hard board including false board and chip board

NIC Code 17017 of Class 1701 covers all businesses that are involved in Manufacture of hard board including false board and chip board and all associated commercial, operational, servicing, manufacturing or trading operations.

Under this code of business, the business can be service centers, consultants, technicians, wholesalers, retailers, manufacturing units, distributors, or support-oriented firms based on the nature of Manufacture of hard board including false board and chip board.

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

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

Frequently Asked Questions (FAQs)

What is the NIC Code for Manufacture of hard board including false board and chip board?

The NIC Code of Manufacture of hard board including false board and chip board 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 17017?

NIC Code 17017 includes all the activities related to Manufacture of hard board including false board and chip board, 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 hard board including false board and chip board?

In Udyam Registration, the NIC Code for Manufacture of hard board including false board and chip board, 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 hard board including false board and chip board?

The two-digit Division NIC Code of Manufacture of hard board including false board and chip board 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 hard board including false board and chip board?

The three digits Group Code for Manufacture of hard board including false board and chip board is classified into activities in the division along with other similar industries so that it is categorized accurately.