FREE TRADE WAREHOUSING ZONE
FTWZ is a Single window Platform for Importation, Exportation, Duty & Tax deferment, Management of Allied Act, VAS. Benefits equivalent to FTZs (Free Trade Zone) operating globally. It encourages foreign trade and warehousing activities for overseas and Indian entities provides an integrated platform for sourcing & distribution management, including trading (in and out of India), thus reducing operational costs, especially without own setup.
FTWZ is near international gateways for direct deliveries from port/ airport reducing cargo holding time. One can move the shipment from international gateways to FTWZ without Customs assessment. Operates on a freely convertible currency model, i.e. payment for services in FOREX Provides taxation benefits such as Exemption on Customs/ countervailing /Excise Duty, Interest on Duty and Licensing & Compliance of Allied Acts (whilst goods are within FTWZ).
FREE TRADE AND WAREHOUSING ZONE UNDER SEZ ACT 2005 AND RULES 2006
"Free Trade and Warehousing Zone" means a Special Economic Zone wherein mainly trading and warehousing and other activities related thereto are carried on; (Refer Section 2(n) of SEZ Act 2005)
Free Trade and Warehousing Zone Unit under "A Special Economic Zone" shall be deemed to be a territory outside the customs territory of India to undertake the authorized operations. (Refer per Section 53 of SEZ Act 2005)
A Special Economic Zone shall, with effect from such date as Central Government may notify, be deemed to be a port, inland container depot, land station and land customs stations, as the case may be, under section 7 of the Customs Act, 1962.
Our Protoccol in FTWZ
- Foreign entities are allowed to operate in the Free Trade Warehousing Zone
- Dedicated customs compliance setup available
- Period of storage of goods without duty payment for five years subject to country regulations.
- Payment of duty and compliance to allied activities only when the goods move out of Free Trade Warehousing Zone into Domestic Tariff Area (DTA)
- Duty deferment for the goods stored in Free Trade Warehousing Zone
- Value-added operations permitted within our Free Trade Warehousing Zone
- Ease of re-exports and re-import. No duty is involved for the Import/re-export of goods from Our service
- Multi-user facility with experienced shared resources resulting in zero CAPEX for customers

