#List of FTWZ in India
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Choose Foreign Trade Zones For The Freedom To Do Unlimited Business Activities: Best Warehousing Company in India
Supply chain management can be complex to understand. The shipping industry involves the work of suppliers, manufacturers, logistics experts, and shipping professionals all interconnected to each other. The biggest factor in the supply chain is the process of storage and warehouse distribution.
International Shipping Scenario
Outsiders may feel the shipping industry is simple to operate with just warehouses, and rental spaces where you drop the goods off and move on to your next work. However, it is not so simple, there are hundreds of decisions the shippers have to make relating to the storage of goods and warehouse usage so that they can save time and money. Only the best warehousing company in India can offer them a suitable platform tailored to meet their logistics needs.
One can notice the continuous evolving changes in the global trade and commerce market as millions of companies are manufacturing goods in one country and sending them to some other country for storage and assembly, and finally distributing the finished goods to many different countries worldwide. This is the way trade and commerce operate in this modern digital era. Gone are those days when manufacturers made goods in their country and sold or distributed them within the borders.
Today's complicated logistics system involves shippers operating all around the world and run into all sorts of issues. Foreign companies conducting export business to other countries now seek cost-effective ways to manufacture goods, assemble them, disassemble them, store the goods, distribute them, and finally sell the finished goods. Apart from such chores, the exporters also have to consider the price of schlepping cargo from one place to another.
The Role of Foreign Trade Zones
Known as the FTZ, the foreign trade zones can be seen as a one-stop-shop solution. These special economic zones have become the brave warriors that save thousands of international businessmen and shippers in more ways than one. A foreign or free trade zone located in any country, like the United States, cannot be considered a part of that country. The same rule goes for all foreign trade zones in all other nations. It means that they offer less chaos and more perks to international shippers.
The FTZ Incentives
For instance, goods entering a free zone in India are not necessarily subject to Indian customs inspection (when they enter).
The goods are subject to customs inspection only when they leave the free trade zone.
As a foreign trader, you can connect with the best stock market software in india and enjoy the perks.
The incentives may include storing their goods without supplying a bond, and no payment of customs duties until the goods are inside the free trade warehousing zone.
Shippers are allowed to store foreign as well as domestic products or goods in a free trade zone, which is not subject to tax regulations. (unless the domestic goods are stored to be distributed within the country).
Manufacturing & Assembling Within The FTZ
Companies with products or unfinished goods that need more stages of manufacturing or assembly can benefit from such special trade zones. They are allowed to manufacture and assemble goods in the OSV FTWZ warehousing facility without paying any duties for the waste materials and all related costs like labor force and overheads. Such companies only require to pay customs duties on any one; either on the imported goods or the final product, whichever is understandably cheaper. That's not all! These manufacturers can decide when to pay tariffs, either when the goods enter the warehouse or leave it. And it is quite obvious that manufacturers will typically choose the specific payment methods that offer lower prices.
FTZ - A Zone that Allows a Wide Range of Business Activities
Similarly, the list of benefits from these free trade zones seems endless. An FTZ is a haven for international exporters who want to store their goods for long periods and operate within the zones without added bills or restrictions. The operations can include sorting the goods, destroying waste, cleaning, grading finished or unfinished goods, mixing, labeling the goods, assembling, manufacturing goods, selling, repacking, and more. International businesses just have to contact a reliable and best warehousing company in India such as OSV FTWZ as their logistics partner. Then they can have unlimited control over their trade operations and move them in and out of the trade zones with limited restrictions.
FTZs - The Ultimate Platform That Gives Huge Benefits
An FTZ indeed creates a one-of-a-kind golden opportunity to defer, reduce, and eliminate all customs duties on goods and help you save a huge amount of money. When your goods are leaving a free trade zone to reach the local market, only then the customs duty fees are applicable. Also, no tariffs are applied or charged if the goods are re-exported. The goods that are completely assembled inside an FTZ are subject to just a one-time duty charge upon their export. In all the zones that are located in countries where inventory is based on local taxes, holding or storing goods inside an FTZ can result in more savings.
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Effectiveness Of Free Trade Zone In India
Free Trade Zone is an international trade concept that promotes and encourages global trade practices to enhance trade volume. It also improves relationships between nations and offers liberal benefits for improving the international trade economy. Our free trade warehousing zone benefits include duty deferment, tax benefits, better costs, and distribution medium. By re-exporting goods, our company empowers without burdening Indian customs and taxes on imported goods.
With an effective free trade zone in India, our clients can experience time and cost advantages and enable them with quicker and more effective value-added solutions such as repacking, re-labeling, kitting, and assembly to non duty paid goods.
FTWZ, or Free trade warehousing zone, is an initiative by India's government to improve India's economy. With customized facilities, exports and imports to India are increasing and enhancing foreign trade and investment. With advanced equipment and setup, companies can trade transactions in easily convertible currency.
Advantages of Free Trade Zone
Here is a list of FTWZ or free trade warehousing zones that can benefit businesses by enabling faster regulatory clearance and menacing flexibility, visibility, and minimum working capital expenses. It empowers businesses with the strategic geographical position that lets our clients leverage India’s cost and skill set for profit gains.
Safety
Our clients can benefit from the practical solutions we offer through our complex supply chain expertise and manage to reduce competition from the biggest competitors in the market. We have the best free trade zone in India that can fulfill our clients’ expectations and enhance their business opportunities.
Fast Delivery
We offer companies the safest and fastest delivery with our Air and Ocean Freight. We take benefit of every innovation to improve our strategies and target goals customized to our client’s needs.
24/7 Support
Our team at OSV is passionate and highly skilled in handling every situation for our clients. Our team is dependable for many multinational companies around the globe and is responsible for supporting businesses when in need. We offer 24/7 support to maintain customer satisfaction throughout the process.
Excellent Free Trade Warehousing Zone
OSV is a one-stop solution for all export and import challenges. We encourage and support cross-border and international trade, and our team is skilled in providing customized solutions for all needs. OSV Free Trade Zones can help companies trade as they are available in Delhi NCR, Gujrat, Mumbai, and Chennai. We can effectively ease trade between nations and their import and export operations with years of experience.
OSV has experience working with 192 countries across the globe and is the perfect option for companies that focus on reliability. Our advanced state-of-the-art infrastructure and the latest technology in warehouse zones and inventory control are worth the hype. We have a strong network and relationships with retailers, distributors, merchants, and many importers and exporters globally.
Our branches in Delhi NCR, Gujrat, Mumbai, and Chennai are well connected by rail, road, air, and sea routes. We operate with the highest standard warehouse equipment and offer tailored solutions for our client's problems to ensure customer satisfaction. We have years of experience and in-depth knowledge of the warehousing industry, and our end-to-end services are well-appreciated in international logistics.
Operation of Free Trade Warehousing Zone
Operations in Special economic zones bring a lot of benefits for the companies. The government designed these free zones to boost trade and encourage international relations with more imports and exports. FTWZ is a well-organized infrastructure to ensure the economic growth of the country. These are storage units and various value-added activities according to the customs law. Companies can store their goods safely until release without any duty or tax implications.
Free Trade Zones are suitable for minimizing taxes and effectively maximizing cash flow for business growth. We offer the best free trade warehousing Zone, and our most advanced equipment can offer practical and intelligent solutions to our customers. With superior connectivity through railways, roadways, and airports, we have a standard working efficiency and stand out from our competitors. Our well-executed, tailored solutions are dependable for clients in over 190 countries worldwide.
Aim of Free Trade Zone
At OSV FTZ, we guarantee world-class equipment and an effective team for management, IT solutions, and meeting our client's demands. We aim to provide 100 percent dedication to achieving our clients' satisfaction by providing unmatched services at the best prices and practical support. We focus on making clients stand out in a competitive market with our comprehensive range of value optimization services for domestic and international logistics.
OSV has clients worldwide in over 192 countries and offers Freight Forwarding solutions and free trade warehousing zones for top industrial and distribution centers. Our schemes and strategies are valuable and profitable for all our clients. We are experts in export and import management for India and can provide great value-added services that can save both money and time for our clients.
Best Free Trade Zone Solutions With OnnSynex
Combining experience and deep warehousing industry knowledge, OnnSynex successfully delivers national and international logistics services to global leaders. Our international operations are well structured and executed, with tailored solutions for clients' needs. We can effortlessly handle all sorts of cargo and freight goods quicker and safer than any other company.
Our end-to-end services make us stand out of the crowd, and with advanced equipment handling equipment, we deliver premium quality services with complete business transparency. We ensure on-time delivery with the fastest and most effective freight forwarding to maintain maximum customer satisfaction. Connect with our team to use our Free Trade Zone in India and experience the industry's best logistics services.
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Recent years have seen a number of innovations in the world of logistics and supply chain management, but one development that has largely gone unnoticed has been the proliferation of free trade zones FTZ Warehouse in India and around the world.
#Logistic Warehouse#Foreign Free Trade Zone#FTZ In India#FTWZ#ftwz in india#list of ftwz in india#free trade warehousing zone in india
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Key Benefits of Free Trade Warehousing Zone in India for Re-exporting
The role and responsibility of the Free Trade Warehousing Zone in India are vital in import and export goods from one region to another region. It is specifically a zone or area within which goods are usually landed, handled, manufactured, or reconfigured, and re-exported sans any customs authority’s interference.
You can find a List of FTWZ in India that is strategically located around major seaports, international airports, and national frontiers. They aim to eliminate the issues of high tariffs and complex customs regulations when the goods are moved to consumers.
The primary purpose of a free-trade zone is to remove from a seaport, airport, or border those hindrances to trade caused by high tariffs and complex customs regulations. They also help to fabricate, refinish, and store goods freely.
Free Trade Warehousing Zone in India Explained-
The foreign MNCs can hold their stocks as close to their markets as warehousing costs will permit and these zones aim at the supply of quality demanded by the market at least cost. These 3PL services offer endless facilities.
FTWZs eliminate limitations of combining products from suppliers from different countries and the processes for end-distribution of products can be done at affordable prices. You can have more control over inventory and also quicker payments to the suppliers.
The automobile or IT hardware manufacturers can able to stock spares duty-free in the FTWZ to supply them according to their needs within a timeframe to the Indian market. The products can also be tested prior to actual supply and payment of duty. Also if there are defective spares, they can be re-exported sans any loss. These zones can be used to accumulate even motor vehicle kits or IT hardware or mobile phones by sourcing different parts duty-free from different countries. Different foreign MNCs can use FTWZs in India for different products.
Free Trade Warehousing Zone in India for re-exports-
Exempts service tax on all activities carried out including rental & labor
Exemption from custom and stamp duty on products imported meant for re-export out of India
Income tax rebate on the profit earned (where applicable)
Stress-free re-export procedure
Approval of 100% FDI for the set-up of units
Control India's cost, skill & geographic positioning advantage
All you just need to hire a professional and reliable 3PL service provider to take full advantage of the Free Trade Warehousing Zone in India. Make sure they have years of experience in this industry. For the best deal, you can visit www.onnsynex.com.
Also Read: https://onnsynex.wordpress.com/blog/
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With the increasing competitiveness of the marketplaces, numerous companies are looking for new ways to survive and improve internal processes. One such way is the Milk-run Logistics model. As the name suggests, the term was borrowed from the procurement process of Milk. The method continues to be used in various industries, including food, automobiles, Pharma & Healthcare, FMCG, etc. Some of the benefits of milk-run logistics are listed below: #MilkRunLogistics . . . #Genexlogistics #Advantages #Milk #Run #Logistics #3PL #3rdpartylogistics #logisticsinindia #procurement #healthcare #food #pharma #fmcg #logisticalsolutions #Shipping #warehouse #automation #transportation #supplychain #lastmile #commerce #supplychainsolutions #Logisticsservices #FTWZ #India #Like #Follow
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Dated: 14.03.2020
New Export Promotion Scheme Proposed by the Govt of India- Remission of Duties and Taxes on Exported Products (RoDTEP)
Cabinet Committee on Economic Affairs (CCEA) approves scheme for “Remission of Duties and Taxes on Exported Products (RoDTEP)” to boost exports Scheme for enhancing Exports to International Markets. To make Indian exports cost competitive and create a level playing field for exporters in International market.
RoDTEP scheme is WTO compliant, will reimburse taxes/duties/levies at the central, state and local level, which are currently not being refunded.
To give a boost to employment generation in various sectors Items will be shifted in a phased manner from existing scheme MEIS to RoDTEP with proper monitoring & audit mechanism.
Download the Release Here:
RoDTEP-New Export Incentive Scheme
The Other Trade Promotions Schemes currently Operational are as detailed below.
PROMOTIONAL SCHEMES
Export Benefits
In the Foreign Trade Policy 2015-20, under Export from India Schemes, there are two Schemes for exports of merchandise and services viz.:
(i) Merchandise Exports from India Scheme (MEIS); and
(ii) Service Exports from India Scheme (SEIS)
The objective of MEIS is to offset infrastructural inefficiencies and associated costs involved in export of goods/products, which are produced/ manufactured in India, especially those having high export intensity, employment potential and thereby enhancing India’s export competitiveness. Similarly, the objective of SEIS is to encourage export of notified Services from India.
Some of the main features of these Schemes are as under:
MEIS
The MEIS Entitlement would be 2% / 3% / 5% / 7% of FOB value of notified goods exported to notified markets [based on three distinct categories framed and covered in Appendix 3B] in free foreign exchange or FOB value of exports as given in the Shipping Bills in free foreign exchange, whichever is less.
As per recent announcement MEIS will now be replaced by Remission of Duties or Taxes on Export Product (RoDTEP).
Country Groups – Category A: Traditional Markets (30) – European Union (28), USA, Canada. Category B – Emerging & Focus Markets (139), Africa (55), Latin America and Mexico (45), CIS countries (12),Turkey and West Asian countries (13), ASEAN countries (10), Japan, South Korea, China, Taiwan and Category C: Other Markets (70).
Units located in SEZs have also been made eligible for MEIS & SEIS benefit.
Export of goods through Courier or Foreign Post Offices using e-Commerce (as notified in Appendix-3C) of FOB value only upto Rs. 5,00,000/- per consignment are entitled for rewards under MEIS.
Services Sector
Under SEIS, Service providers of notified services (under Appendix 3D) will be eligible for rewards in the form of duty credit scrips @ 5% and 7% on the net foreign exchange earned from notified services (w.e.f. 05.12.2017).
Only services provided in the manner/mode specified at Para 9.51 (i) & (ii) are eligible, i.e. Supply of a ’service’ from India to any other country (Mode 1-Cross border trade) and Supply of a ’service’ from India to service consumers of any other country (Mode 2- Consumption abroad).
Minimum net free foreign exchange earnings of USD 15,000 in the year of rendering service is the eligibility criteria. For Individual Service Providers and Sole Proprietorship minimum USD 10,000/- in the year of rendering service.
Duty Credit Scrip
Basic Custom duty paid in cash or through debit under Duty Credit scrip shall be adjusted for Duty Drawback benefits.
As per Trade Notice No. 11 dated 30/06/2017, under the GST regime, the Duty Credit Scrips cannot be used for payment of IGST, GST and Compensation cess in inputs and CGST/SGST/IGST, GST and Compensation cess for domestic procurement.
Duty Credit Scrip issued on or after 01.01.2016 under Chapter 3 shall be valid for a period of 24 months from the date of issue and must be valid on the date on which actual debit of duty is made.
STATUS HOLDER
Status Holder Scheme is for business leaders who have excelled in international trade and have successfully contributed to country’s foreign trade.
An applicant shall be categorized as status holder on achieving export performance during the current and previous three financial years (for Gems & Jewellery Sector the performance during the current and previous two financial years shall be considered for recognition as status holder) as under:
Status Category Export Performance FOB/FOR
(as converted)
Value (in US $ million)
One Star Export House 3 Two Star Export House 25 Three Star Export House 100 Four Star Export House 500 Five Star Export House 2000
Privileges of Status Holders
A Status Holder shall be eligible for privileges as under:
Coverage
All exporters duly registered with relevant EPCs of eligible agriculture products.
The assistance, at notified rates, will be available for export of eligible agriculture products to the permissible countries, as specified from time to time.
Applicability The Scheme would be applicable for exports effected from 01.03.2019 to 31.03.2020. Eligibility of products The assistance will be provided on export of all agriculture products covered in HSN Chapters 1 to 24 including marine and plantation products except those mentioned in Annexure (1). Pattern of assistance The TMA would be provided in cash through direct bank transfer as part reimbursement of freight paid. FOB supplies where no freight is paid by Indian exporters are not covered under this scheme. The level of assistance would be different for different regions as notified from time to time. Currently, it is available for these regions, namely: West Africa, East Africa, EU, Gulf, North America, ASEAN, Russia & CIS, Far East, Oceania, Cgina and South America. List of export countries in each region eligible for assistance under TMA are mentioned under Annexure (2). The Scheme covers freight and marketing assistance for export by air as well as by sea (both normal and refer cargo), made through EDI ports only and shall be admissible only if payments for the exports are received in Free Foreign Exchange through normal banking channels. The assistance will be provided as per the rates notified in Annexure 3. Procedure for availing assistance The application can be made by Corporate office/ Registered office / Head office / Branch office or Manufacturing unit. Application for TMA would be filed to the RAs headed by Additional DGFT. Applicant shall have option to choose Jurisdictional RA headed by Additional DGFT on the basis of address of its Corporate office/ Registered office / Head office / Branch office or Manufacturing unit. Jurisdiction of RA headed by Addl. DGFT is specified in Appendix-7(A)B. The option of the RA needs to be exercised while making first application under this scheme. Once an option is exercised, no change would be allowed for further claims under the scheme. The units under SEZs/EOUs/FTWZ shall file applications for TMA to the RAs headed by Additional DGFT in whose geographical jurisdiction address of the applicant falls. Documents required EP copy of S/B or Airway Bill, Commercial Invoice, self-certified copy of EP Shipping bill(s)/ Airway Bill(s) and Certificate of Chartered Accountant (CA) / Cost and Works Accountant (ICWA)/ Company Secretary (CS) as per Annexure A to ANF-7(A)A.
DUTY EXEMPTION/REMISSION SCHEMES
This Scheme enables exporters’ duty free import of inputs for export production, including replenishment of input or duty remission.
The Duty Exemption Scheme consists of the following:
Advance Authorization Allow duty free import of input, physically incorporated in export product, on the basis of Standard Input Output Norms (SION) or Self Declaration. Minimum 15% value addition is required to be achieved. Period for fulfillment of export obligation is 18 months from the date of issue of Authorization. As per Trade Notice No. 11 dated 30.06.2017 under GST Regime, no exemption from payment of IGST and Compensation Cess would be available for imports under Advance Authorisation. However, as per Notification No. 53 dated 10.01.2019, imports under Advance Authorisation have been exempted from IGST and Compensation Cess till 31.03.2020. Special Advance Authorization Scheme for export of Articles of Apparel & Clothing Accessories has been introduced for duty free import of fabric, subject to the specified conditions. Under Self Ratification Scheme, eligible exporter, on self-declaration and self-ratification basis, can apply for an Advance Authorisation where there is no SION/valid Adhoc Norms for an export product and where SION has been notified but exporter intends to use additional inputs in the manufacturing process.
Imports under Advance Authorization would now also be exempted from Transition Product Specific Safeguard Duty and Countervailing Duty. Advance Authorization for annual requirements would only be issued for items notified in SION and it shall not be available in cases of adhoc norms. DFIA Issued to allow duty free import of inputs and is exempted only from payment of Basic Customs Duty. Additional Customs Duty/Excise Duty paid may be adjusted as CENVAT credit. Value addition required 20%. DFIA will be exempted only from payment of Basic Customs Duty and minimum value addition of 20% will be required to be achieved. Duty Free Import Authorization (DFIA) will be issued only on post export basis separately for each SION and each Port and it will not be issued for an export product where SION prescribes ’Actual User’ condition for any input. Exports under DFIA shall be made from a single Port and Regional Authority shall issue transferable DFIA with a validity of 12 months from the date of issue. No further revalidation shall be granted by Regional Authority. Duty Drawback Scheme The scheme is administered by Department of Revenue which has two components viz-a-viz: All Industry Rate (AIR) and Brand Rate. It comes under Duty Remission Scheme. Under the Scheme, Duty Drawback as per specified rates in Schedule of All Industry Rate of Drawback is granted. Exporter has the option to avail the benefit by getting fixation of Brand Rate on an application in the prescribed format. Rebate on State and Central Taxes and Levies (RoSCTL) The Scheme was notified by the Ministry of Textiles on 07.03.2019 to be implemented by DGFT. The Scheme will rebate all embedded State and Central Taxes/levies for meant for exports of made-up articles & garments. Under the RoSCTL, the benefit to exporters shall be given by DGFT in the form of transferable duty credit scrips.
EPCG SCHEME
EPCG Scheme allows import of capital goods for pre-production, production and post-production at Zero customs duty. As per Trade Notice No. 11 dated 30.06.2017 under GST Regime, no exemption from payment of IGST and Compensation Cess would be available for imports under EPCG. However, as per Notification No. 57/2015-20 dated 20.03.2019, Capital goods imported under EPCG scheme for physical exports are also exempt from whole of the Integrated Tax and Compensation Cess leviable thereon upto 31st March, 2020.
TOWNS OF EXPORT EXCELLENCE (TEE)
Selected towns producing goods of Rs. 750 crores or more are notified as TEE on potential for growth in exports and provide financial assistance under MAI Scheme to recognized Associations.
INTEREST EQUALIZATION SCHEME
The Government announced the Interest Equalisation Scheme @ 3% per annum for Pre and Post Shipment Rupee Export Credit with effect from 1st April, 2015 for 5 years available to all exports under 416 tariff lines [at ITC (HS) code of 4 digits] and exports made by Micro, Small & Medium Enterprises (MSMEs) across all ITC(HS) codes. With effect from November 2, 2018, the rate of Interest Equalisation for MSME has been increased to 5%. The Scheme has also been extended to Merchant Exporters who can avail the benefit @ 3% for all exports under 416 tariff lines w.e.f. January 2, 2019.
GOLD CARD SCHEME
The Gold Card Scheme was introduced by the RBI in the year 2004. The Scheme provides for a credit limit for three years, automatic renewal of credit limit, additional 20% limit to meet sudden need of exports on account of additional orders, priority in PCFC, lower charge schedule and fee structure in respect of services provided by Banks, relaxed norms for security and collateral etc. A Gold Card under the Scheme may be issued to all eligible exporters including those in the small and medium sectors who satisfy the pre-requisite conditions laid by individual Banks.
TRANSPORT AND MARKETING ASSISTANCE FOR SPECIFIED AGRICULTURE PRODUCTS SCHEME
(TMA) scheme aims to provide assistance for the international component of freight and marketing as well as to mitigate disadvantage of higher cost of transportation of export of specified agriculture products to specified destinations/countries due to trans-shipment and to promote brand recognition for Indian agricultural products in the specified region.
CUSTOMS
Facilities like 24X7 customs clearance, single window, self – assessment of customs duty, prior filing facility of Bill of Entry etc. are available to facilitate exports.
DOWNLOAD THE PUBLICATION FORM BELOW LINK
RoDTEP-New Export Incentive Scheme
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New Export Promotion Scheme & Other Incentive Schemes of Govt of India to Facilitate Trade Promotions Dated: 14.03.2020 New Export Promotion Scheme Proposed by the Govt of India- Remission of Duties and Taxes on Exported Products (RoDTEP)
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Impact of COVID-19 Outbreak on Express Logistics Market 2020
Logistics is about moving materials, information and funds from one business to another business or from a business to the end user. The transportation division accounts for 37% of the logistics market. The transport industry in India is majorly formed by the road transport, rail transport, sea transport and air transport. The express division is formed by the rail, road and air transport in India. Express industry is a premium segment of the logistics industry, providing logistics services for movement of time perceptive shipments. By creating an integrated sequence including multi-modal transport modes, both air and surface, express industry has fine-tuned the logistics process for time-bound deliveries of shipments across domestic and international regions.
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India’s Express market has seen a growth of around 17% during 2010-14. The market of Express delivery has been on an increasing trend since 2012 as India started participating in the e-tailing business and with increased market penetration of automobiles. Compared to the overall logistics industry which is limping at a moderate CAGR of 3 percent, Express Industry is nimble in terms of growth in market size along with concomitant improvement in policies and infrastructure. The industry can be classified broadly based on the mode of transport it uses, surface having predominance. Auto, engineering and hi tech industries have been the market drivers so far. However, it is expected that the blooming e-commerce market and relating 3PL and hyperlocal space will prompt the Express market in coming years. According to the report “India Express Logistics Market Outlook, 2021”, India’s Express Industry has reached a market size of INR 20346 crore by 2015. Surface Express is expected to have the largest share in the Express market. Delhi, Maharashtra and Bangalore are having maximum share in India. The report reveals that Gati, Safexpress, Blue Dart, TCI XPS and SpotOn are the leading players in Indian Express market and their revenue share is expected to grow over the forecasted period, owing to their expanding distribution network.
Key points in table of content
1. India Logistics Market Outlook 1.1. Market Size By Value 1.2. Market Share By Logistics Spending 2. India Express Logistics Market Outlook 2.1. Market Size 2.1.1. By Value 2.1.2. Organized Vs. Unorganized 2.1.3. By Mode of Transport(Organized) 2.2. Market Share 2.2.1. By Region 2.2.2. By Company 2.2.3. By Industry Type 2.2.4. By Document Type 2.2.5. By City Type( Documents) 2.2.6. By City Type( Non- Documents) 2.2.7. By Mode of Payment 2.3. Policy and Regulatory 3. India Express Road Market Outlook 3.1. Market Size By Value 3.2. Market Share By Company 3.3. Pricing Analysis 3.4. Clauses and commercial 3.5. Policy and Regulatory 3.6. Zone mapping & Transit Time 3.7. Reach of the major players in India 4. India Domestic Air cargo Market Outlook 4.1. Market Size 4.1.1. By Value 4.1.2. By Volume 4.2. Market Share 4.2.1. By Company 4.2.2. By Document Type 4.3. Pricing Analysis 4.4. Clauses and Commercials 4.5. Policy and Regulatory Landscape 4.6. List of existing airports in India 4.7. Emerging Airport Insights 4.8. Product Comparison of leading players 5. India Rail Market Outlook 5.1. Market Size 5.1.1. By Value 5.1.2. By Volume 5.2. Parcel Market Insights 5.3. Pricing Analysis 5.4. Clauses and Commercial 6. India Post Market Outlook 7. Market Dynamics 7.1. Key Drivers 7.2. Key Challenges 8. Market Trends and Developments 8.1. Impact of GST on Indian Express Industry 8.2. E- Commerce Logistics 8.3. More strategic alliances leading to consolidation 8.4. Infrastructure Push 8.5. Productivity enhancing potential of logistics parks, SEZs & FTWZ 8.6. Entry of Private Players in the Rail Sector 9. PEST Analysis 10. Competitive Analysis 10.1. Porters Five Forces 10.2. Company Profiles 10.2.1. Gati 10.2.2. Safexpress 10.2.3. TCI 10.2.4. Blue Dart 10.2.5. FedEx 10.2.6. SpotOn 10.2.7. Future Supply Chain (FSC) 10.2.8. TVS Logistics ( DIESEL) 10.2.9. Mahindra Logistics 10.2.10. V- Express 11. Strategic Recommendation 12. Disclaimer
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Partner Relations & Marketing Manager
sales@wiseguyreports.com
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Finding a reliable company that will help you with the Free Trade Warehousing Zone in India. OSV has the edge over its competitors with its facilities in all major ports and is your one-stop solution for all your international business needs. FTWZ in India allows importing, exporting to and from India with benefits of duty deferment, tax benefits, cost efficiency, and better distribution channels.
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Top 6 Considerations to Decide on 3PL for List of FTWZ in India
As far as the List of FTWZ in India is concerned, it could be easily available online. However, you need to ascertain certain factors before that. You should know that many third-party logistics (3PL) providers are adversely impacted by the pandemic owing to social distancing, uncertain lockdowns, and closed borders. Make sure you are choosing the right one.
Undoubtedly, we all have been witnessing the ramification of the COVID-19 pandemic worldwide. However, it is also adversely infecting e-commerce fulfillment worldwide and nearly half of the e-commerce brands are confronting virus-related shipping issues owing to the international border shutting and lockdowns affecting warehouses. Hence we can expect delayed delivery and disturbed replacement that cause a result of major sales decline.
What is 3PL and when do you need it?
A professional 3PL service provider can help you in many ways. They enable you to outsource operational logistics from warehousing. As a client, you can gain a broader range of logistic solutions from expert 3PL companies. From transportation, warehousing, packing, inventory forecasting, order completion, to packaging and freight forwarding, they have got you covered. To summarize, they can boost the competence, control costs, and improve customer service.
Make sure a 3PL company is driving competence with automation and paperless warehousing. Perhaps, you are speculating when you should enlist a 3PL service to meet your demand.
Let’s discuss few key considerations-
When you have more than 10-20 orders per day
When you don’t have enough space to store your inventory
When you cannot expand due to logistics issues
How to find a reliable 3PL service for Free Trade Warehousing Zone in India?
Below mentioned are the several points to find a reliable Free Trade Warehousing Zone in India -
Thorough research- Make sure about a company with verified procedures, the right resources, and the skill to incorporate with your systems.
Good communication- They should understand your supply chain priorities. Make sure a company is compatible with your culture and values. Establish better communication.
A range of services- A 3PL should able to meet your needs it ensures a more seamless and scalable supply chain.
Modern Technology- Make certain your 3PL has robust technology and provides modern technology solutions.
Free Trade Warehousing Zone in India- Ensure that they can accommodate you with enough space to store your products. They should have customization abilities to optimize inventory and deliver excellent service.
An incessant improvement - They ought to be committed to service excellence and quality management that ensure the best results. They should be also accustomed to Omni channel expertise.
In a nutshell, when it comes to the List of FTWZ in India, many options are there. You need to find the best 3PL company. For the best deal, you can visit www.onnsynex.com.
Original Source: https://onnsynex.blogspot.com/
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Key Objective and Benefits of Free Trade Warehousing in India
No matter large manufacturers or individuals as well as domestic or foreign MNCs, Free Trade Warehousing in India can play a significant role in easing this process. However, many companies are oblivious to the various benefits of the FTWZ program in India. It improves global market competitiveness and minimizes bureaucratic regulations.
A key objective of FTWZ in India-
When we talk about the key objective of Free Trade Warehousing in India, you must know first know that it is specially intended to make trade-related infrastructure to ease the import and export of goods and services. It gives freedom while performing trade transactions with free currency.
FTWZs are precisely creating or design with the first-class infrastructure for warehousing of various products, modern equipment, transportation, and managing facilities, commercial office space, communications and connectivity, water, power, approval of import and export formality, to support the manufacturing companies across the globe.
The most important factor is FTWZs are exclusively available in locations nearby seaports, airports, or dry ports thus ensuring there will be no hassle in the transporting process. Also, it counts as a special category of Special Economic Zones to ease trading and warehousing.
Key features of FTWZs in India-
FTWZs territories are considered as Ports / Warehouse for Storage and other value-added services under the Customs Law. You can store the goods and products in these zones on behalf of foreign suppliers or domestic buyers.
It enables numerous transfers of ownership transactions and it doesn’t need to exclusion of the goods out of FTWZ. Essentially, there will be no cascade of indirect taxes or compliance as well as it offers the facility for less transaction cost.
It exempts Income Tax on export income, Central Sales Tax, Service Tax for all activities in the FTWZ and without any maturity restriction.
It offers single permission for Central and State level approvals
Free Trade Warehousing in India exempts from VAT for procurement from India and reduces expenses.
It reduces the time for Customs clearances and most importantly, the enhanced and advanced logistics and connectivity promotes reduced delivery times.
Are you finding the List of FTWZ in India? There are many reputed and highly-recognized firms available in India to help you in easing this process. However, you need to ensure that you are in the right place. By conducting thorough research, you will able to get effectively the List of FTWZ in India.
No matter you are a domestic player of Foreign MNC, you can visit our website to get the best yet affordable deal.
Original Source: https://onnsynex.blogspot.com/
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Know About the Activities That Are Permitted Inside the Free Trade Zone
Before discussing the activities permitted in an FTZ (free trade zone), it is pertinent to talk about the FTZ itself. The free trade zones are specially designated areas that are considered outside of the territory of a country where the laws of the land do not apply. In other words, you don’t need to pay any kind of taxes or customs duties when using the FTZ for importing goods from anywhere in the world.
The FTZ free trade zones provide businesses with a great opportunity to eliminate taxes and duties that are otherwise included when importing directly inside the country’s territory. The benefits you get on choosing the FTZ for importing foreign goods includes duty deferment (as you don’t need to pay duty on goods as long as they are inside the free trade zone), tax avoidance (as you save many taxes on choosing to import goods inside the FTZ), save on weekly entry, enjoy improved compliance, quality control, and inventory control. These are just a few of the many other benefits you stand to gain from choosing the foreign trade zone warehouses to store your imported goods in India.
Wondering what all activities can be performed inside an FTZ free trade zone? Here’s a quick list of activities that are permitted by most FTZs:
Duty-Free Storage for 3 years extendable till 5 years
Consolidation Deconsolidation
Repackaging
Kitting
Re-labelling
Assembly
Lashing
Shrink Wrapping
Strapping
Palletization
Bottling
Clubbing
Quality Checking
Testing of Products
Combination Packing
Handling
Well, these are the activities that you may typically perform in a FTZ warehouse, you may still need to talk to your FTZ Company and the concerned FTZ board to learn more about the activities that can be performed inside the free trade zone warehouse as the operations and applications of FTZ are wide. OSV is a leading FTZ free trade zone and warehousing company that can help you make the most of the FTZs for your import-export business.
To know more visit – www.onnsynex.com
*Only permitted under specific conditions, circumstances, and products. The same is subject to OSV’s approval & discussion
To know more visit at All That You Need to Know About the FTWZ in India
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Highly Needed Free Trade Warehousing Zone in India for Businesses
Free Trade Warehousing Zone in India plays a significant role these days that we all can witness. They help foreign MNCs and domestic business players by delivering a broad range of supply chain activities, including free trade warehousing, inbound and outbound transportation, distribution, customs clearance, and customer-specific value-added services just like Kitting, Assembling, Labelling, Repackaging, Assembling, Distribution, etc. They ensure safety, quality, and timely delivery of goods which play a most vital role in the supply chain industry.
Usually, these Free Trade Warehousing Zones are strategically located to make these transactions easy via rail, road, sea, and air modes of transport. They have the highest standard of warehouses with state-of-the-art infrastructure, Modernly Equipped Material Handling Equipment, Advanced Warehouse Management System (WMS) which means a lot for their global and domestic customers.
We would even say that Free Trade Warehousing Zones are a game-changer in the Logistics and Supply Chain industry for importers, exporters, and re-exporters. The Foreign MNCs and Domestic companies can effectively manage their supply chain in a hassle-free way and it doesn’t need to bother about customs-related formalities and operational efficiencies.
Much needed Free Trade Warehousing Zone in India -
Although as per the report of Government of India, 2019, India has eight free trade warehousing zones of a total of 361 hectares in different states, but now as of 2021, there are a lot more free trade warehousing zones available in Indian market.
Moreover, there is a requirement to increase the number of FTWZs in India that can ensure more business opportunities which in result will facilitate, catalyze and encourage businesses trade in a great way.
On the other side, Digital technology and Artificial intelligence (AI) have been playing a major role to survive the global rivalry in the Supply Chain/Logistics Market. We can infer that the Digital transformation is the most convenient way to deal with all phases of the supply chain management system throughout the entire process. Hence, it is the time to focus on more digital technologies to be applied to make this process easier and smoother.
We must say that the FTWZs in India are completely capable enough to handle all issues efficiently than before. Even, you can find several 3PL/4PL Services are joining this industry to gain momentum. And essentially, the Digital transformation can push India’s supply chain to the next level.
The Indian govt. is also preparing to invest and boost more FTWZs across the country with significant logistics investments to develop new markets.
There is a List of FTWZ in India which is situated tactically to provide a time-and-cost advantage by allowing faster regulatory clearances, tax and duty incentives, flexibility, reflectivity, and abridged working capital expenses. It also lets you leverage India’s cost and skill arbitrage, and empowers you with its strategic geographical position.
FAQs-
How FTWZs in India is different from an average warehouse?
Situated at a place where everything is performed Duty and Tax Free, Free Trade Warehouses are really different from average warehouse wherein you can perform almost every trading activity except manufacturing
What are the services offered by India’s Free Trade Warehousing Zones?
It allows import and export to and from India with the benefits of duty deferment, tax benefits, cost efficiency, and better distribution channels. It empowers to re-export goods from India without the burden of Indian duties and taxes. FTWZs provides clearances and Duty Payment not only in parts and portions but also with value additions such as Re-packaging, Re-labeling, Labelling, kitting, Palletization, Assembly, Picking, Packing, etc could also be done inside it
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