NIC 242008 classifies production and refining of precious metals (such as gold, silver platinum etc.) and alloys as a final six-digit manufacturing activity under Section C and Division 24. Use it when this activity...
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NIC 2008 links are discovery matches from the local converter layer. Verify final migration decisions against official source documents.
Production and refining of precious metals (such as gold, silver platinum etc.) and alloys
NIC 242008 is the final six-digit endpoint for Production and refining of precious metals (such as gold, silver platinum etc.) and alloys. It should be selected only when the enterprise's primary manufacturing activity matches this title more closely than 242001 Manufacture of Copper from ore, 242002 Manufacture of copper products and alloys, 242003 Manufacture of Alumina from Bauxite.
Choose 242008 only when operations, invoices and revenue narrative align with Production and refining of precious metals (such as gold, silver platinum etc.) and alloys. If the activity also includes 242001 Manufacture of Copper from ore, 242002 Manufacture of copper products and alloys, 242003 Manufacture of Alumina from Bauxite, compare those pages before filing.
Manufacturing codes apply when the business transforms inputs into a new product through mechanical, chemical, manual or industrial processes. Pure buying and resale should be checked under wholesale or retail trade.
Choose the Sub-class that best matches the main product line by revenue or production value. If multiple product lines are material, compare 242001 Manufacture of Copper from ore, 242002 Manufacture of copper products and alloys, 242003 Manufacture of Alumina from Bauxite and document the primary activity before filing.
Check the parent hierarchy, compare 242001 Manufacture of Copper from ore, 242002 Manufacture of copper products and alloys, 242003 Manufacture of Alumina from Bauxite, 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.
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.
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 242008 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.
Official NIC 2025 Excel and PDF from MoSPI.
2026-04-21 from the generated NIC 2025 source layer used in this build.
This is an independent reference tool. Verify filing-critical decisions in official sources.