Free Trade Warehousing Zone is now a well established concept in India having it’s presence in many locations like Tamil Nadu (Chennai), Maharashtra (Mumbai), Gujarat (Mundra) and Andhra Pradesh (near Gummidipoondi) that feeds all the Importers, Exporters, Manufacturers and Traders in the country. Status of FTWZ in India is it’s Deemed Foreign Territory (Subsidiary of SEZs) and it’s a PORT by itself carrying unique port codes at every location and it comes under the Ministry of Commerce who will be the governing body controlling individual location’s Export Promotion Zone (EPZ). Assiduous intellects is present in all the locations of FTWZs in India and carrying rich experienced professionals with more than 12 years in the business.
Key Benefits
- Importers, Exporters, Manufacturers & Traders enjoys a lot of logistical benefits inside FTWZ (Zone) through it’s multiple facilities
- Foreign Entities can hold their Account or operate inside FTWZ without any Registrations in India.
- Importers can enjoy Multiyear Duty Deferment.
- Value Added Services like Packing, Re-Packing, Kitting, Tagging, Bundling, Assembling, etc can be performed.
- Re-Export Facilities.
- Consolidation
- Multi-Sector Facility will permit manufacturing inside FTZ. Etc