NIC Code for Repair and maintenance of mining, construction, and oil and gas field machinery; metallurgy machinery

The National Industrial Classification (NIC) Code is a standard system applicable in India to classify business activities to assist regulation, statistical as well as compliance. This classification is compulsory with Udyam Registration (MSME), Udyog Aadhaar, company incorporation, LLP registration, GST registration, bank documents and industry-related approvals.

In the case of a business engaged in Repair and maintenance of mining, construction, and oil and gas field machinery; metallurgy machinery the appropriate category of NIC is displayed as Class 3312 and Subclass 33125 that allows the activity to be registered as being official government and financial systems. The classification is used by businesses in the industries like AC repair, water purifier servicing, building material supply, digital signature services, IT consulting, trading, transport, and agricultural trading, painting, recycling, etc.

NIC Class 3312 & Subclass 33125 for Repair and maintenance of mining, construction, and oil and gas field machinery; metallurgy machinery

The NIC Code for Repair and maintenance of mining, construction, and oil and gas field machinery; metallurgy machinery is categorized as:

  • NIC Class: 3312
  • NIC Subclass: 33125

This subclass has all such activities associated with Repair and maintenance of mining, construction, and oil and gas field machinery; metallurgy machinery 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 Repair and maintenance of mining, construction, and oil and gas field machinery; metallurgy machinery the right NIC Class 3312 and Subclass 33125 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 Repair and maintenance of mining, construction, and oil and gas field machinery; metallurgy machinery

Uninterrupted Legal and Financial Compliance

Banks, NBFCs, and government portals validate business activities through NIC codes as they need an accurate classification.

Access to MSME Incentives

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

Fast Company/LLP Incorporation

The MCA system is automatic in cross-verifying NIC codes, which allows a much quicker approvals of businesses in Repair and maintenance of mining, construction, and oil and gas field machinery; metallurgy machinery

Evading Non-compliance Problems

Incorrect NIC codes may raise questions when you are submitting tax, during audits or when tenders are being applied.

Increased Transparency within Government Data

Proper classification improves the level of visibility in Udyam, GST, GeM and industry databases.

Proper Positioning in the Industry

The NIC code distinctly 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 Repair and maintenance of mining, construction, and oil and gas field machinery; metallurgy machinery - Division, Group, Class & Subclass Explained

The NIC is organized in a hierarchical system that assist the government in classifying 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 3312: Defines the primary industrial class.
  • 5-digit Subclass Code 33125: Identifies the specific activity being carried out.
  • Used for NIC Code search, Udyam, Udyog Aadhaar & industry mapping

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

Description for NIC Code 33125 - Repair and maintenance of mining, construction, and oil and gas field machinery; metallurgy machinery

NIC Code 33125 of Class 3312 covers all businesses that are involved in Repair and maintenance of mining, construction, and oil and gas field machinery; metallurgy machinery 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 Repair and maintenance of mining, construction, and oil and gas field machinery; metallurgy machinery.

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 Repair and maintenance of mining, construction, and oil and gas field machinery; metallurgy machinery?

The NIC Code of Repair and maintenance of mining, construction, and oil and gas field machinery; metallurgy machinery 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 33125?

NIC Code 33125 includes all the activities related to Repair and maintenance of mining, construction, and oil and gas field machinery; metallurgy machinery, 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 Repair and maintenance of mining, construction, and oil and gas field machinery; metallurgy machinery?

In Udyam Registration, the NIC Code for Repair and maintenance of mining, construction, and oil and gas field machinery; metallurgy machinery, 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 Repair and maintenance of mining, construction, and oil and gas field machinery; metallurgy machinery?

The two-digit Division NIC Code of Repair and maintenance of mining, construction, and oil and gas field machinery; metallurgy machinery 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 Repair and maintenance of mining, construction, and oil and gas field machinery; metallurgy machinery?

The three digits Group Code for Repair and maintenance of mining, construction, and oil and gas field machinery; metallurgy machinery is classified into activities in the division along with other similar industries so that it is categorized accurately.