RESPONSIBLE GROWTH INDEX
Rating for Arms and Ammunition, Its Accessories
Covers:
- Arms and ammunition; parts and accessories thereof.
Relevance and Impact
The arms and ammunition industry faces unique challenges, balancing the need for security and defense with growing demands for sustainability, ethical practices, and regulatory compliance. Businesses in this sector often grapple with managing the environmental impacts of production, addressing concerns around safety and responsible use, and meeting evolving consumer and governmental expectations for transparency and accountability. Additionally, there is increasing pressure to ensure that the supply chain for arms, ammunition, and accessories is secure, responsible, and free from unethical practices.
The Rating System offers a comprehensive solution to these challenges, providing a structured approach to assess and improve sustainability practices across Environmental, Social, Economic, and Governance (ESEG) criteria. This system enables companies in the arms and ammunition sector to address these pain points by:
- Reducing Environmental Impact: By optimizing production processes and reducing waste and emissions, companies can minimize their environmental footprint while complying with stringent environmental regulations.
- Ensuring Ethical Practices: The system promotes responsible sourcing, labor practices, and corporate governance, enhancing company reputation and ensuring that operations align with international standards of human rights and ethical behavior.
- Enhancing Market Competitiveness: By demonstrating a commitment to sustainability, companies can appeal to a growing base of consumers, governments, and stakeholders who prioritize ethical, responsible business practices.
By adopting the REGI Rating System, businesses in the arms and ammunition industry can improve their sustainability performance, mitigate risks, and align with global efforts to create a safer and more responsible industry.
What Will I Be Able To Do?
Tangible Benefits:
- Improve operational efficiency through energy and resource optimization.
- Enhance compliance with safety and environmental regulations.
- Attract green capital and investment opportunities for sustainable growth.
- Streamline supply chain with responsible sourcing and waste management.
- Reduce risk of legal issues through adherence to industry standards.
Intangible Benefits:
- Differentiate in the market by showcasing commitment to green certifications.
- Improve employee morale by aligning with eco-friendly and ethical values.
- Foster long-term customer loyalty with a focus on sustainability.
What Will I Get?
This certification guides Arms and Ammunition, Its Accessories products companies by incorporating the following scopes:
Environmental Scope:
1. Adoption of sustainable practices like energy efficiency, water conservation, and waste management.
2. Implementation of green technologies and reduction of carbon footprints.
3. Promotion of resource optimization to minimize environmental impact.
Social Scope:
1. Ensuring fair labor practices, safe working conditions, and employee well-being.
2. Promoting diversity, equity, and inclusion within the workplace.
3. Enhancing community engagement and fostering positive social impacts.
Governance Scope:
1. Strengthening compliance with regulations, data privacy, and intellectual property protection.
2. Establishing transparent and ethical business practices.
3. Implementing robust governance structures to mitigate legal and operational risks.
Economic and Geopolitical Scope:
1. Encouraging market diversification and strategic partnerships.
2. Developing risk management strategies to address economic and geopolitical uncertainties.
3. Fostering innovation to create new market opportunities and drive economic resilience.
Innovation and Market Leadership Scope:
1. Promoting responsible and ethical practices.
2. Differentiating companies through sustainable product offerings and innovative solutions.
3. Enhancing brand reputation and market positioning as leaders in responsible technology.
Certification Levels
REGI Responsible Products Certification Levels
Certification Level
Points Range
Description
1-STAR
Certified Level
40-49
Ideal for those initiating sustainable practices. A step towards a more responsible and eco-friendly approach.
2-STAR
Bronze Level
50-59
For entities committed to advancing sustainability initiatives. Recognizes efforts in resource efficiency and waste reduction.
3-STAR
Silver Level
60-69
Suitable for organizations with a substantial commitment to sustainability. Acknowledges achievements in various aspects of responsible practices.
4-STAR
Gold Level
70-79
Honors entities showcasing a high level of dedication to sustainable practices. Acknowledges excellence in resource efficiency, carbon footprint reduction, and waste management.
5-STAR
Platinum Level
80+
Represents the pinnacle of REGI certification. Signifies profound dedication to holistic sustainability, innovation, and continuous improvement.
Fee Structure
Registration Fee (Rs)
REGI Founding Member
₹25,000
REGI Annual Member
₹25,000
Non-Member
₹30,000
Certification Fee(Rs)
REGI Founding Member
₹1,25,000
REGI Annual Member
₹1,80,000
REGI Annual Member
₹2,25,000
NOTES:
- Registration fee is a one-time fee paid at the beginning of the certification process.
- Fee is exclusive of Goods and Services Tax (GST)
- Certification fee is the main fee for assessing and certifying your product, service, or project.
- Registration, Precertification and Certification fee are non-refundable
Payment Details:
Payment can be conveniently done through a Debit Card, Credit Card or Net Banking.
Resources
Abridged List of References:
How Can I Apply REGI To My Products?
Get My Products REGI Certified!
Detailed Scope (As Per GST Classification)
Chapter Codes
Heading Codes
Heading Description
Chapter 93
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Arms and ammunition; parts and accessories thereof.
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9301
MILITARY WEAPONS, OTHER THAN REVOLVERS, PISTOLS AND THE ARMS OF HEADING 9307 Artillery weapons (for example, guns, howitzers and mortars)
93011010 HS Codes of Self propelled
93011090 HS Codes of Other
93012000 HS Codes of Rocket launchers; flame- throwers; grenade launchers; torpedo tubes and similar projectors
93019000 HS Codes of Other
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9302
REVOLVERS AND PISTOLS, OTHER THAN THOSE OF heading 9303 OR 9304
93020000 HS Codes of REVOLVERS AND PISTOLS, OTHER THAN THOSE OF HEADING 9303 OR 9304
-
9303
OTHER FIREARMS AND SIMILAR DEVICES WHICH OPERATE BY THE FIRING OF AN EXPLOSIVE CHARGE (FOR EXAMPLE, SPORTING SHORTGUNS AND RIFILES, MUZZLE-LOADING FIREARMS, VERY PISTOLS AND OTHER DEVICES DESIGNED TO PROJECT ONLY SIGNAL FLARES, PISTOL AND REVOLVERS FOR FIREARMS
93031000 HS Codes of Muzzle-loading firearms
93032000 HS Codes of Other sporting, hunting or target-shooting shotguns, including combination shotgun-rifles
93033000 HS Codes of Other sporting, hunting or target-shooting rifles
93039000 HS Codes of Other
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9304
OTHER ARMS (FOR EXAMPLE, SPRING, AIR OR GAS GUNS AND PISTOLS, TRUNCHEONS), EXCLUDING THOSE OF heading 9307
93040000 HS Codes of OTHER ARMS (FOR EXAMPLE, SPRING, AIR OR GAS GUNS AND PISTOLS, TRUNCHEONS), EXCLUDING THOSE OF HEADING 9307
-
9305
PARTS AND ACCESSORIES OF ARTICLES OF HEADINGS 9301 TO 9304
93051000 HS Codes Of revolvers or pistols
93052010 HS Codes of Shotgund barrels
93052090 HS Codes of Other
93059100 HS Codes of Of military weapons of heading 9301
93059900 HS Codes of Other
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9306
BOMBS,GRENADES, TORPEDOES, MINES, MISSILES AND SIMILAR MUNITIONS OF WAR AND PARTS THEREOF; CARTRIDGES AND OTHER AMMUNITION AND PROJECTILES AND PARTS THEREOF, INCLUDING SHOT AND CARTRIDGE WADS
93062100 HS Codes of Cartridges
93062900 HS Codes of Other
93063000 HS Codes of Other cartridges and parts thereof
93069000 HS Codes of Other
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9307
SWORDS,CUTLASSES, BAYONETS, LANCES AND SIMILAR ARMS AND PARTS THEREOF AND SCABBARDS AND SHEATHS THEREFOR
93070000 HS Codes of SWORDS, CUT LASSES, BAYONETS, LANCES AND SIMILAR ARMS AND PARTS THEREOF AND SCABBARDS AND SHEATHS THEREFOR