Business & DefencePolicy & Govt

Arms manufacturers will be allowed to increase their production: MHA

By ET News

Now arms manufacturers will be able to increase annual production of firearms and ammunition under new rules issued by the Union Home Office. Under the Weapons (Amendment) Regulations 2022, however, arms manufacturers will have to submit online each month details of firearms manufactured, sold or transferred or consumed during the month.

The Home Office published the new rules on Thursday through an official gazette notification. firearms or ammunition or review of the caliber of its licensed capacity by notifying the licensing authority together with the relevant state government within ninety days of the end of the exercise and for which no no other approval is required on the license in terms of capacity,” the During the application, the manufacturer must submit a detailed proposal for the improvement of the revision of the production cap at the city level or the capacity caliber authorization, project disbursements, means of financing and justification of economic profitability and market demand projections, duly certified by the company’s authorized signatory.

Online monthly declarations, with details of the production, sale, transfer and consumption must be submitted by the producer before the close of business hours.’ last day of the month, the notification states.

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