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NIC Code 03111 - Fishing on a commercial basis including taking of marine crustaceans and molluscs in ocean and coastal waters
National Industrial Classification 2008 (NIC-2008) Code 03111 is used for Fishing on a commercial basis including taking of marine crustaceans and molluscs in ocean and coastal waters. National Industrial Classification 2008 seeks to provide a basis for the standardized collection, analysis and dissemination of industry (economic activity) wise economic data for India. NIC code id required to obtain Udyog Aadhar or register a Company / LLP in India.
National Industrial Classification 2008 (NIC-2008) Code Structure
All the activities are grouped into several "activity groups" or "tabulation categories" in a hierarchical manner. Activities are first grouped into ‘section’ alphabetically coded from A through U, every section is divided into ‘division’ with 2-digit numeric code, every division into ‘group’ with 3-digit numeric code, every group into ‘class’ with 4-digit numeric code and every 4-digit class into 5-digit 'sub-class'.
The structure for NIC Code 03111 is shown below.
| Level | Description |
|---|---|
| Section A | AGRICULTURE, FORESTY AND FISHING |
| Division 03 | Fishing and aquaculture |
| Group 031 | Fishing |
| Class 0311 | Marine fishing |
| Sub-Class 03111 | Fishing on a commercial basis including taking of marine crustaceans and molluscs in ocean and coastal waters |
Why is NIC Code 03111 Important?
When registering your Fishing on a commercial basis including taking of marine crustaceans and molluscs in ocean and coastal waters business in India, you'll need the NIC Code 03111 for official documentation and compliance. NIC Code 03111 ensures that your business is correctly categorized under Fishing on a commercial basis including taking of marine crustaceans and molluscs in ocean and coastal waters for taxation and regulatory requirements.