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NIC Code List 2020
The National Industrial Classification Code (“NIC Code”) is a statistical standard for developing and maintaining a comparable database for various economic activities. This code has been developed with an intent to ascertain and analyze as to how each economic activity is contributing towards national wealth.
The Department of Policy and Promotion in their Press Note 4 (2014 series) dated 26 June 2014 decided to switch over to the NIC 2008 from the NIC 1987 version. Since then, all Indian Companies are advised to follow NIC 2008. NIC 2008 is more compatible with the international system of classification. This enables the compliance processes for registration to flow in a smooth manner.
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