Typically, Free Trade Warehousing in India is a policy of Government of India which is deemed to be a foreign territory especially made to boost the trade relations. Declared in the Foreign Trade Policy 2004-09 that Trade and Warehousing Zones have to be formed to create a trade-related infrastructure to make the process of import and export of goods and services easier as well as carry out trade transactions in freely convertible foreign currency.
The objectives and key features of Free Trade Warehousing in India-
In simple terms, FTWZs are considered as Foreign Territories / Ports / Warehouse and are specially designed to store and additional value-added activities under the Customs Law. It holds inventory in aid of Foreign Suppliers and Domestic Buyers. FTWZs can easily operate multiple transfers of ownership transactions and avoids an increase in transaction cost and no indirect taxes. It is a special category of Special Economic Zones that aims at boosting trading and relations.
It offers a top-notch international infrastructure for warehousing for a variety of products, high-tech equipment, transportation and handling conveniences, office-space, approval of import and export formality, communications and connectivity, and so on.
You can find professional FTWZ in India nearby to the seaports, airports, ICD’s or dry ports that ensure better accessibility in every condition.
It allows duty-free import of all goods for warehousing but excludes prohibited items, etc. From packing, re-packing without processing to labeling, they have got you covered according to customer or marketing necessities.
You can store your goods within the FTWZ for three years which can be extendable to five years, and can re-export or sell in DTA.
Endless activities in Free Trade Warehousing in India-
For the big retail chains, FTWZs eliminate regulatory restrictions of consolidating products from suppliers. It offers more inventory and also faster payments to the suppliers.
You can able to spare Duty Deferment and Tax Deferment in the FTWZ. It aids to supply as per your need on time seamlessly and on the duty-paid basis to the Indian market.
It accommodates with Warehousing of goods in aid of foreign or domestic customers.
It offers assembling, packaging and repacking, re-sale, re-invoices, or re-exports of goods
Gathering of whole and semi-knockdown goods
Kitting and additional value optimization services on the goods/cargo
FAQs-
In what ways can companies operate through FTWZ in India?
Operational Activity of Free Trade Warehousing in India are wider in nature and we could do pretty much everything inside FTWZ except manufacturing. You can either choose trading units or choose a Service Unit for trading, warehousing, and additional related activities. You can also avail of different value-added services.
What is a Letter of Approval (LOA)?
It is approved by the Unit Approval Committee for an entrepreneur to set up a unit in the FTWZ to continue authorized operations. It has a certain fixed function, but can be extendable.
Is service tax-exempt in FTWZs?
Both inbound taxable services and those carried out inside the FTWZ for use in authorized operations are exempt from service tax.
Is customs duty exempt for import into FTWZ?
Yes, but till the goods are imported are inside FTWZ for authorized operations
Are you available round the clock?
Yes, you can get 24/7 service in support of your business.
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Typically, Free Trade Warehousing in India is a policy of Government of India which is deemed to be a foreign territory especially made to boost the trade relations.
It holds inventory in aid of Foreign Suppliers and Domestic Buyers.
It is a special category of Special Economic Zones that aims at boosting trading and relations.It offers a top-notch international infrastructure for warehousing for a variety of products, high-tech equipment, transportation and handling conveniences, office-space, approval of import and export formality, communications and connectivity, and so on.You can find FTWZ in India nearby to the seaports, airports, ICD’s or dry ports that ensure better accessibility in every condition.It allows duty-free import of all goods for warehousing but excludes prohibited items, etc.
Endless activities in Free Trade Warehousing in India-For the big retail chains, FTWZs eliminate regulatory restrictions of consolidating products from suppliers.
It offers more inventory and also faster payments to the suppliers.You can able to spare Duty Deferment and Tax Deferment in the FTWZ.
It aids to supply as per your need on time seamlessly and on the duty-paid basis to the Indian market.It accommodates with Warehousing of goods in aid of foreign or domestic customers.It offers assembling, packaging and repacking, re-sale, re-invoices, or re-exports of goodsGathering of whole and semi-knockdown goodsKitting and additional value optimization services on the goods/cargoFAQs-In what ways can companies operate through FTWZ in India?Operational Activity of Free Trade Warehousing in India are wider in nature and we could do pretty much everything inside FTWZ except manufacturing.
The Global PVC Window Profile Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
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The Global Polyvinyl Alcohol Fibers Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
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According to a research report "Cognitive Assessment and Training Market by Assessment Type (Pen- and Paper-Based, Hosted, Biometrics), Component, Application (Clinical Trial, Screening & Diagnostics, Brain Training, Academic Research), Vertical, and Region - Global Forecast to 2021", published by MarketsandMarkets, the cognitive assessment and training market size is expected to grow from USD 1.98 Billion in 2016 to USD 8.06 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 32.3%.Browse 63 market data tables and 47 figures spread through 150 pages and in-depth TOC on "Cognitive Assessment and Training Market - Global Forecast to 2021"The major forces driving this market are aging global population, increasing awareness about brain fitness, and advancements in technology.
The growing market for cognitive solutions and increasing demand for brain training by next-generation tech-savvy population are contributing to the growth of the cognitive assessment and training market.Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1039Clinical trials in terms of application is expected to hold the largest market share in the cognitive assessment and training market during the forecast periodClinical trials are mainly used to identify, measure, or monitor cognitive impairments and cognitive changes.
The assessment of cognitive functions is an integral part of decision-making during clinical drug development, as certain drugs can have an impact on the cognitive capabilities of the brain.
The market is expected to contribute the highest revenue for vendors offering clinical trials.Education vertical is expected to grow at the highest CAGR in the marketCognitive assessment solutions and services are used in the education vertical for screening prospective candidates for schools or colleges.
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The new generation in this region is more concerned toward the benefits of cognitive training, which is not just limited to patients with cognitive dysfunctions.
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