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 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.
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.