NIC Code for Other retail sale of new goods in specialized stores nec (weapons and ammunition, non food products)

The National Industrial Classification (NIC) Code is a standard system in India that is used to classify business activities to help in regulations, statistical and 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 any business is engaged in Other retail sale of new goods in specialized stores nec (weapons and ammunition, non food products) the correct category of NIC is displayed as Class 4773 and Subclass 47739 that allows the activity to be registered as being official government and financial systems. This particular 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 4773 & Subclass 47739 for Other retail sale of new goods in specialized stores nec (weapons and ammunition, non food products)

The NIC Code for Other retail sale of new goods in specialized stores nec (weapons and ammunition, non food products) is categorized as:

  • NIC Class: 4773
  • NIC Subclass: 47739

This subclass has all such activities associated with Other retail sale of new goods in specialized stores nec (weapons and ammunition, non food products) 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. To businesses engaged in Other retail sale of new goods in specialized stores nec (weapons and ammunition, non food products) the right NIC Class 4773 and Subclass 47739 helps in:

  • Correctly classify as Micro, Small or Medium enterprise
  • Eligibility for MSME subsidies and government schemes
  • Eliminate errors in Udyam portal verification process
  • Easy linking with GST, PAN, bank accounts and MCA documents
  • Preferred in government tenders under MSME schemes
  • Prevents rejection and delays caused by incorrect classification

Benefits of Using the Correct NIC Code for Other retail sale of new goods in specialized stores nec (weapons and ammunition, non food products)

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 Other retail sale of new goods in specialized stores nec (weapons and ammunition, non food products)

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 Other retail sale of new goods in specialized stores nec (weapons and ammunition, non food products) - Division, Group, Class & Subclass Explained

The National Industry Classification (NIC) features an organization in a systematic hierarchy that allows government to categorize and classify businesses accurately:

  • 2-digit Division Code: This identifies the industry sector.
  • 3-digit Group Code: Classifies businesses in that division.
  • 4-digit Class Code 4773: Defines the primary industrial class.
  • 5-digit Subclass Code 47739: This Identifies the specific activity performed and 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, need to categorize themselves in accordance with this structure.

Description for NIC Code 47739 - Other retail sale of new goods in specialized stores nec (weapons and ammunition, non food products)

NIC Code 47739 of Class 4773 covers all businesses that are involved in Other retail sale of new goods in specialized stores nec (weapons and ammunition, non food products) 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 Other retail sale of new goods in specialized stores nec (weapons and ammunition, non food products).

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 Other retail sale of new goods in specialized stores nec (weapons and ammunition, non food products)?

The NIC Code of Other retail sale of new goods in specialized stores nec (weapons and ammunition, non food products) is basically for particular industrial classification of this activity within the National Industrial Classification system that helps in classifying the business in a proper way.

What is the description of NIC Code 47739?

NIC Code 47739 comprises all the activities related to Other retail sale of new goods in specialized stores nec (weapons and ammunition, non food products), defining the scope, nature, and functions involved in this line of business.

Who issues the NIC Code in India?

The National Statistical Office (NSO) of the ministry of Statistics and Programme implementation (MoSPI) of the Government of India, is the one that issues and maintains NIC Codes.

What is the role of NIC Code in Udyam Registration for Other retail sale of new goods in specialized stores nec (weapons and ammunition, non food products)?

In Udyam Registration, the NIC Code for Other retail sale of new goods in specialized stores nec (weapons and ammunition, non food products), is used to make sure that MSMEs are classified in the right way and the business can take government benefits, subsidies, and other advantages tied to compliance.

What is the two-digit Division NIC Code for Other retail sale of new goods in specialized stores nec (weapons and ammunition, non food products)?

The two-digit Division NIC Code of Other retail sale of new goods in specialized stores nec (weapons and ammunition, non food products) refers to the industrial sector in which this activity falls under which further breaks down to group, classes, and subclasses.

What is the three-digit Group NIC Code for Other retail sale of new goods in specialized stores nec (weapons and ammunition, non food products)?

The three digits Group Code for Other retail sale of new goods in specialized stores nec (weapons and ammunition, non food products) classifies the activity in the division along with other similar industries for proper categorization.