The MSME registration asks for the business activity by NIC code. For retail sale of watches and clocks, that activity is 47732.
NIC code · National Industrial Classification 2008
47732 is the 5-digit NIC 2008 code for retail sale of watches and clocks: a sub-class of class 4773, other retail sale of new goods in specialized stores, within division 47, retail trade, except of motor vehicles and motorcycles. Search a code or activity below, or copy the code for your Udyam or SPICe+ form.
This code
Division 47Group 477Class 4773Sub-class 47732
Retail sale of watches and clocks
Sub-class 47732 · Class 4773 · Group 477 · Division 47 · Section G, NIC 2008
The code
Where the code sits in the National Industrial Classification 2008, from section to sub-class, in the official wording.
477325 digits: 47 + 7 + 3 + 2NIC 2025 · Notice dated 16 October 2026
On 18 November 2025 the Ministry of Statistics and Programme Implementation released NIC 2025, which uses 6-digit codes aligned with the UN's ISIC Revision 5. This page shows the NIC 2008 code 47732. The matching NIC 2025 code will be added here once it is mapped from MoSPI's official concordance.
How to read it
An NIC code is built in layers. Each digit narrows the one before it: the division, the group, the class, and finally the 5-digit sub-class. Divisions themselves are grouped under lettered sections.
The broadest numbered layer. Division 47 covers retail trade, except of motor vehicles and motorcycles. It sits in section G, wholesale and retail trade; repair of motor vehicles and motorcycles.
Retail sale of other goods in specialized stores.
Other retail sale of new goods in specialized stores.
Retail sale of watches and clocks. The full 5-digit code you enter where a form asks for the business activity by NIC code.
Where you use it
Two registration forms ask for the business activity by NIC code. This is where 47732 is entered.
The MSME registration asks for the business activity by NIC code. For retail sale of watches and clocks, that activity is 47732.
The company incorporation form asks for the main industrial activity of the proposed company by NIC code.
Not GST. GST registration does not use NIC codes; goods and services there are classified by HSN and SAC codes.
Choosing the right code
47732 is for retail sale of watches and clocks. The codes below sit closest to it in NIC 2008: the other sub-classes of class 4773. Each has its own page with the official wording.
47733Class 4773 · another sub-class of the same class47734Class 4773 · another sub-class of the same class47735Class 4773 · another sub-class of the same class47736Class 4773 · another sub-class of the same class47737Class 4773 · another sub-class of the same classClass 4773 has 9 sub-classes in NIC 2008, including 47732. 5 of the others are shown here.
Questions
Retail sale of watches and clocks, in the National Industrial Classification 2008. It is a sub-class of class 4773, other retail sale of new goods in specialized stores.
Class 4773, other retail sale of new goods in specialized stores, has 9 sub-classes in NIC 2008. Besides 47732, those with a page here are: 47733 (Retail sale of jewellery and immitation jewellery); 47734 (Retail sale of flowers, plants, pet animals and pet food); 47735 (Retail sale of souvenirs, craftwork and religious articles, stamps and coins); 47736 (Retail sale of household fuel oil, bottled gas, coal and fuel wood); 47737 (Retail sale of seeds, fertilisers, pesticides, machinery equipments and hand tools).
In Udyam Registration, which asks for the business activity by NIC code, and in the SPICe+ company incorporation form, which asks for the main industrial activity by NIC code. GST registration does not use NIC codes.
About this page
The section, division, group, class and sub-class on this page are taken word for word from the official document “National Industrial Classification (All Economic Activities) 2008”, Central Statistical Organisation, Ministry of Statistics and Programme Implementation, Government of India.
This is reference information on the classification of a business activity. It is not advice on which code your own business should declare, and the official NIC document prevails if the two ever differ. A change in the classification, including the MoSPI concordance to NIC 2025, re-opens this page for checking.
Not sure which code fits your activity, or spotted a mismatch? Use the WhatsApp button on this page and tell us what the business sells and how.