Mn Section B Mining
NIC 2025 MoSPI source

NIC 071002 - Underground mining of iron ore

NIC 071002 classifies underground mining of iron ore as a final six-digit resource extraction activity under Section B and Division 07. Use it when this activity is the main source of revenue.

Level Sub-class
Depth 5/5
Children 0
Last verified 2026-04-21

Source Verification for 071002

10 / 10

4 of 4 factors passing

How we calculate this score →

NIC 2008 -> NIC 2025 Mapping for 071002

NIC 2008 links are discovery matches from the local converter layer. Verify final migration decisions against official source documents.

NIC 2008 07100 high

Mining of iron ores

Related classifications

Practical Summary

What Underground mining of iron ore Means Under NIC 2025

NIC 071002 is the final six-digit endpoint for Underground mining of iron ore. It should be selected only when the enterprise's primary resource extraction activity matches this title more closely than 071001 Opencast (or surface) mining of iron ores, 071003 Operations related to Beneficiation and agglomeration of iron ores.

How To Choose

When to Choose 071002 Over Nearby Codes

Choose 071002 only when operations, invoices and revenue narrative align with Underground mining of iron ore. If the activity also includes 071001 Opencast (or surface) mining of iron ores, 071003 Operations related to Beneficiation and agglomeration of iron ores, compare those pages before filing.

Common Questions About NIC 071002

Does NIC 071002 apply to extraction or only mining support work?

Use the mining or quarrying Sub-class only when the enterprise performs the extraction activity itself. Exploration, drilling, site preparation or contractor support may belong under mining support service codes instead.

Should mineral trading use NIC 071002?

No. Selling coal, ore, stone, sand or fuel without extracting it is usually a wholesale or retail trade activity. Section B is for extraction and directly related mining operations.

How do I verify that NIC 071002 is correct before filing?

Check the parent hierarchy, compare 071001 Opencast (or surface) mining of iron ores, 071003 Operations related to Beneficiation and agglomeration of iron ores, and confirm that the official title matches the main revenue activity. For regulated or filing-critical decisions, verify the source row in the MoSPI dataset.

What happens if I use the wrong NIC code in Udyam or MCA registration?

A wrong code can cause mismatched business descriptions, follow-up questions or later compliance cleanup. It is better to compare nearby codes before filing than to correct a weak classification later.

Is there a legacy NIC 2008 equivalent for NIC 071002?

Use the legacy converter only as a migration aid. Old NIC 2008 matches can suggest where to look, but NIC 2025 should remain the primary reference for new code selection.

NIC 2026 guidance

Before you select NIC 071002

NIC 071002 should be selected only when the official title matches the main revenue-generating activity. If the business also trades, transports, processes, installs or supports the same product or service, compare nearby NIC pages before filing. This reduces the risk of choosing a code that describes the product being handled rather than the activity your enterprise actually performs.

Data Source and Verification Date

Source layer

Official NIC 2025 Excel and PDF from MoSPI.

Last verified

2026-04-21 from the generated NIC 2025 source layer used in this build.

Disclaimer

This is an independent reference tool. Verify filing-critical decisions in official sources.