RESPONSIBLE GROWTH INDEX
Rating for Works of Arts, Collectors' Pieces/Antiques
Covers:
- Works of art, collectors’ pieces and antiques.
- Project imports, Laboratory chemicals, passenger’s baggage, personal importation by air or post; ship stores.
Relevance and Impact
In the domain of works of art, collectors’ pieces, and antiques, businesses face unique challenges that intertwine the preservation of cultural heritage with the need for sustainable operations. These industries are under pressure to balance the ethical sourcing and conservation of valuable items with the environmental impacts of transportation, packaging, and handling. Additionally, the growing awareness around sustainability and responsible consumerism means businesses must adopt practices that align with broader environmental, social, and governance (ESEG) standards to remain competitive in a market increasingly shaped by conscientious consumers.
The Rating System provides a structured approach to addressing these challenges, offering a comprehensive evaluation across environmental, social, economic, and governance criteria. By integrating responsible practices, businesses can:
- Preserve cultural heritage: By focusing on the responsible sourcing, transport, and conservation of works of art and antiques, businesses help ensure the longevity and protection of cultural artifacts for future generations.
- Reduce environmental footprint: By optimizing logistics and reducing the carbon impact of transporting valuable items, businesses can meet sustainability goals while ensuring the protection of fragile objects.
- Enhance reputation: With rising consumer demand for transparency and ethical practices, businesses that adhere to sustainability standards can attract discerning clients and foster trust within the market.
By addressing these issues, the REGI Rating System empowers businesses in the art and antique sectors to operate sustainably while contributing to the preservation of culture and heritage.
What Will I Be Able To Do?
Tangible Benefits:
- Preserve cultural heritage by promoting sustainable production of art and antiques.
- Minimize restoration costs with eco-friendly materials and practices.
- Increase market value through certification of ethical sourcing and authenticity.
- Attract global collectors and buyers with enhanced credibility.
- Lower operational costs through responsible procurement and energy efficiency.
Intangible Benefits:
- Foster goodwill by supporting conservation of cultural artifacts and practices.
- Increase appeal among eco-conscious buyers and investors.
- Build long-term market relevance through innovation and responsible practices.
What Will I Get?
This certification guides works of art, collectors’ pieces/antiques 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 97
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Works of art, collectors' pieces and antiques
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9701
Paintings, drawings and pastels, executed entirely by hand, other than drawings of heading 4906 and other than hand-painted or hand-decorated manufactured articles; collages and similar decorative plaques
97011010 HS Codes of Madhubani paintings (on textiles)
97011020 HS Codes of Kalamkari paintings (on textiles)
97011030 HS Codes of Rajasthani paintings (on textiles)
97011090 HS Codes of Other
97019091 HS Codes of Domestic articles of wood (hand decorated)
97019092 HS Codes of Restaurant decoration of plastics
97019099 HS Codes of Other
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9702
Original engravings, prints and lithographs
97020000 HS Codes of ORIGINAL ENGRAVINGS, PRINTS AND LITHOGRAPHS
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9703
Original sculptures and statuary, in any material
97030010 HS Codes of Original sculptures and statuary, in metal
97030020 HS Codes of Original sculptures and statuary, in stone
97030090 HS Codes of Original sculptures and statuary, in other materials
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9704
Postage or revenue stamps, stamp-post marks, first-day covers, postal stationery (stamped paper), and the like, used or unused , other than those of heading 4907
97040010 HS Codes of Used postal stamp
97040020 HS Codes of Used or unused first-day covers for philatelists
97040090 HS Codes of Other
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9705
Collections and collectors' pieces of zoological, botanical, mineralogical, anatomical, historical, archaeological, paleoanthropological ethnographic or numismatic interest
97050010 HS Codes of Stuffed animals and birds (taxidermy)
97050090 HS Codes of Other
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9706
Antiques of an age exceeding hundred years
97060000 HS Codes of ANTIQUES OF AN AGE EXCEEDING ONE HUNDRED YEARS
Chapter 98
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Project imports, Laboratory chemicals, passenger's baggage, personal importation by air or post; ship stores.
-
9801
All items of machinery including primemovers, instruments, apparatus and appliances, control gear and transmission equipment, auxilliary equipment (including those required for research and development purposes, testing and quality control), as well as all
98010011 HS Codes of For industrial plant project
98010012 HS Codes of For irrigation plant
98010013 HS Codes of For power project
98010014 HS Codes of For mining project
98010015 HS Codes of Project for exploration of oil or other minerals
98010019 HS Codes of For other projects
98010020 HS Codes of Components (whether or not finished or not) or raw materials for the manufacture of aforesaid items required for the initial setting up of a unit or the substantial expansion of a unit
98010030 HS Codes of Spare parts and other raw materials (including semi-finished materials or consumable stores for the maintenance of plant or project
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9802
Laboratory chemicals
98020000 HS Codes of LABORATORY CHEMICALS
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9803
All dutiable articles, imported by a passenger or a member of a crew in his baggage
98030000 HS Codes of ALL DUTIABLE ARTICLES, IMPORTED BY A PASSENGER OR A MEMBER OF A CREW IN HIS BAGGAGE
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9804
All dutiable articles, intended for personal use, imported by post or air, and exempted from any prohibition in respect of the imports thereof under the Foreign Trade (Development & Regulation) Act, 1992 but excluding articles falling under heading 9803
98041000 HS Codes of Drugs and medicines
98049000 HS Codes of Other
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9805
The following articles of stores on board of a vessel or aircraft on which duty is leviable under the Customs Act, 1962 (52 of 1962) namely
98051000 HS Codes of Prepared or preserved meat, fish and vegetables; dairy products; soup; lard; fresh fruits
98059000 HS Codes of All other consumable stores excluding fuel, lubricating oil, alcoholic drinks and tobacco products
98060000 HS Codes of All goods originating in or exported from the Islamic republic of Pakistan