#ftwz india

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How FTWZ Benefits Improve Warehousing in Delhi for International Trade?

The benefits of partnering with a free trade zone are immense. FTWZ can help improve warehousing in Delhi, especially for global trade purposes. You can enjoy the incentives equivalent to operating on a worldwide scale in all free trade zones. These foreign trade zones provide warehousing facilities for Indian businesses as well as overseas entities offering an integrated platform for various logistics and distribution activities, which includes trading of goods or components in and out of the country. All such efforts can reduce operational and set-up costs. Read More:

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Multinational Electronics Companies Take Advantage Of FTZs In India  

These zones basically help boost foreign exports, create local employment opportunities, and attract good FDI or foreign direct investment projects. The free trade zones were fully accepted as a beneficial import/export trading hub only during the early 2000s. From electronics export to India and other products, these zones operated in such a way as to allow liberal rules for foreign inventors and business organizations. Read More:

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Unlock India's trade potential FTWZ with OSV

FTWZ in India is a designated area within the country that is considered a foreign territory for customs purposes. This means that goods can be imported without paying customs duties or taxes. The goods can then be stored, repacked, packed, labeled and otherwise processed within the FTWZ without any additional customs duties. Goods can also be exported without paying any customs duty or taxes.

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OnSector-Specific Benefits of FTWZs: Unlocking the Potential of FTWZ in India

Discover the sector-specific advantages of FTWZ in India and how these zones are transforming trade, manufacturing, and logistics, therefore increasing economic development and competitiveness. Read More:

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FTWZ in India Services - OnnSynex Ventures Pvt. Ltd to The Rescue

Generally speaking, a free-trade zone is a major class of special economic zone. It is one geographical area where goods can be imported, stored, handled, and manufactured. They can be reconfigured and re-exported under special customized regulations. The FTWZ India services are not quite subject to customs duty. But, you need help from professionals to cover free-trade zone help and that’s when the team from OnnSynex Ventures Pvt. Ltd comes in handy!

What Can All Be Done Over Here?

Our team from OnnSynex Ventures Pvt. Ltd is all set to offer you the best ever FTZ free trade zone. It was developed by none other than the Indian government and announced within the Foreign Trade Policy of 2004-09. Join us to learn more about FTZ warehouse from our side right now.

Our FTZ in India is mainly designed using the customized facility and made to increase the foreign trade and investment within the nation.

It comes in handy with an advanced setup for enabling the import and export of goods and services and the trade transactions can also be carried out in easily convertible currency.

Our FTZ logistics services are here to help with import, export, and re-export goods without a load of duties and taxes.

These are free zones, which are situated tactically for easing out the trade housing process, which offers flexibility, tax, and duty incentives and reduced working capital expenses, and the fastest monitoring clearances.

So, the next time you are looking for some help with FTWZ in India, OnnSynex Ventures Pvt. Ltd is the name that comes to your mind!

We Have Got Your Back:

No matter whether you are looking for an easing import or export to India, our team is here to cover all your needs. With us, you are always in safe hands. Through our ftz free trade zone services, we are ready to encourage cross-border and even international businesses.

Our FTZ in India services are here with the best and well-structured free trade warehousing zones all over Delhi NCR.

Our FTZ logistics services are greatly available in Gujarat, Chennai, and Mumbai and will help in importing and exporting freely without any prior trouble.

We would love to be your one-stop solution for covering FTZ warehouse needs and working on international business needs.

The next time you are looking for free trade warehousing zones, visit us and get impressive help! Call us at +91 – 9599886350 for details.

[deepikaj12]

Timescan Logistics offer Bonded warehousing Services in Chennai, India. It is one of the best Warehousing Company with Bonded Services. Overseas businessman enjoys huge benefits by storing Goods and inventory in bonded warehousing.

[onnsynex]

Free Trade Warehousing in India for Exportinhg and importing of Goods

Free Trade Warehousing in India is an economic policy of the Indian Government. These zones are specially intended for easing the import and export which is carried out by foreign MNCs and domestic companies. It is known as the global trading hub that offers logistics infrastructure and drives international trade.

FTWZ in India promotes generating investment and business and it enjoys the special economic zone status and is considered a foreign territory with regards to compliance and currency. No matter you are a large manufacturer or individual, you can take advantage of this zone. 

There are various benefits of FTWZ in India that most people are unaware of. You should know that it lessens the costs from customs duties, taxes, and tariffs as well as progresses global market competitiveness and reduce bureaucratic regulations.

Key Highlights of Free Trade Warehousing in India-

Reduce certain duties- It allows deferral of most duties, including exemption from inventory tax. So, companies can easily do their business without duties.

Reduce inverted tariffs- Operating in an FTWZ can give you a chance to relieve from inverted tariffs. The manufacturing companies can lower or eliminate the costs associated with importing raw materials and goods.

Duty exemption on re-exports- A company importing components or raw material into the FTWZ doesn’t need to pay the customs duty. 

Weekly entry savings- An importer operating through FTWZ only needs to file one Customs entry a week, decreasing bureaucratic issues and costs associated with entry filings.

Enhanced compliance, inventory tracking, and quality control- FTWZ in India enables companies to track their inventory as well as you can identify and classify goods at the warehouse in a hassle-free way.

Indefinite storage- there is a certain time limit that you can store your goods in FTWZs without falling under quota restrictions. 

Zone-to-zone transfers- The Free Trade Warehousing in India can help you in many ways. It can handle transshipping operations of goods from one FTZ to another without paying Customs duties.

Moreover, India’s FTWZs enable the process of importing and exporting to and from India with the benefits of duty deferment, tax benefits, cost efficiency, and better distribution channels. Also, it allows re-export goods from India without the burden of Indian duties and taxes that are otherwise levied on goods once brought to India.

Usually, FTWZs includes operations such as trading, warehousing, packing, labelling, shrink wrapping, strapping, clubbing, consolidation, quality checking, and testing, kitting, combination packing, and so on.

There are a few FTWZs operating in India to help import and export goods. These FTWZs have been invested by the private Developers/Co-developers. However, we must say that they need more encouragement from the central government to expand their capacity.

All you just need hire a reliable and professional 3Pl service provider in India that can help you with Free Trade Warehousing in India. They will inform you all about the process that is being performed in this zone and how you can take advantage of it. Looking for the best 3PL service? You can visit www.onnsynex.com.  

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Free Trade Warehousing Zone (FTWZ) is a Government allotted space for Warehouse at Special Economic Zone (SEZ). There are very FTWZ available in India. Park Goods in Free Trade and Warehousing Zone get more benefits when compared to the regular one. Timescan Logistics owns a warehouse in FTWZ Chennai with international standard Infrastructure. Import or Exporter who need to store goods in FTWZ India call +91 9840442322 / 9940030715 or Email to ftwz@timescan.in

[gmraerocityhyd]

GMR Aerospace & Industrial Park will be present at Defexpo22 organised by the Ministry of Defence. The Park is India's only airport-based multi-product SEZ, FTWZ and non-SEZ with runway access. Come visit us at Stall- 7S.65, Hall No.-7!

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Free Trade Warehousing Zone – Genesis, Concept, Objectives And Envisaged Benefits For Trade In India

A Free Trade Warehousing Zone (FTWZ) or export processing zone (EPZ), also called a foreign-trade zone, formerly a free port is an area within a country in which goods may be landed, handled, manufactured, or reconfigured, and re-exported without the intervention of the customs authorities. Only when the goods are moved to consumers within the country in which the zone is located do they become subject to the prevailing customs duties.

Top freight forwarding companies in India offers integrated solutions in Free Trade Warehousing Zone (FTWZs) that are a special category of Special Economic Zone, rendering services such as speedy delivery of cargo, one-stop for Customs clearance capability; integrated solutions, such as packing management, sorting, inspection, re-invoicing, strapping and kitting, assembly of complete and semi-knocked down kits, and taxation benefits. Basically, the Free Trade & Warehousing Zones (FTWZ) is a special category of Special Economic Zones with a focus on trading and warehousing.

Free trade warehousing zones (FTWZs) have been a phenomenal success in Jebel Ali, Singapore, and Rotterdam. One has to visit these zones to see their sheer size and contribution to the regions they are located in becoming major logistic hubs.

As per The Hindu (March 6, 2011), The Jebel Ali Free Zone (Jafza) accounts for 25 percent of all container throughput at Jebel Ali port and 12 percent of all air freight at Dubai International Airport. Established in 1985, it covers a 48 sq km area and is home to over 6,400 companies from across the world. It sustains over 160,000 jobs in the UAE through its companies and accounts for over 50 percent of Dubai’s exports.

Genesis:

In India, Free Trade and Warehousing Zone was introduced in the Exim Policy with the objective to facilitate the import and export of goods and services. Each Zone was considered to have Rs. 100 crores outlay and 5 lakh sq. its built-up area. The government of India introduced the FTWZ Policy as a part of Foreign Trade Policy (FTP) 2004-2009 governed by the SEZ ACT, 2005 and SEZ Rules, 2006 to leverage India’s strategic geographical location and cost and skill arbitrage.

For the development and establishment of FTWZ, the government has permitted 100% Foreign Direct Investment.

Concept of Free Trade Warehousing Zone:

FTWZ is a ‘Sanitized Zone’ designated as Foreign Territory for carrying on a business.  FTWZ’s are envisaged to be Integrated Zones & to be used as ‘International Trading Hubs’. Each Zone would provide ‘World Class’ Infrastructure for:

 Warehousing      for various kinds of products

 Handling and Transportation      Equipment

 Commercial office space

 All related utilities –      telecom, power, water, etc

 One-stop clearance of Import      and Export of goods

 FTWZ would be a key Link in      Logistics and Global Supply chains – servicing both India and      the Globe.

Objective:

The objective of FTWZ is to create trade-related infrastructure to facilitate the import and export of goods and services with the freedom to carry out trade transactions in free currency. The scheme envisages the creation of world-class infrastructure for warehousing of various products, state-of-the-art equipment, transportation, and handling facilities, commercial office-space, water, power, communications, and connectivity, with one-stop clearance of import and export formality, to support the integrated Zones as ‘international trading hubs’. These Zones are planned to be established in areas proximate to seaports, airports, or dry ports so as to offer easy access by rail and road.

Free Trade and Warehousing Zones (FTWZs) are envisaged to be essential logistics infrastructure to facilitate EXIM trade and to root out inefficiencies associated with the movement and valued addition of EXIM cargo in India.

Envisaged Benefits of Free Trade Warehousing Zone : Envisaged benefits for Imports in India

Flexibility to clear cargo in part consignments (unlike in the case in other Container Freight Station (CFS)/ International Container Depot (ICDs) thus allowing flexibility towards consumption/end distribution duty deferment benefits (freeing up working capital and reduction in costs) de-stuffing and stuffing of cargo from shipping line containers into other containers for avoiding Shipping Line detention charges and customized delivery. The same product could also be stored in the warehouses within the FTWZ at much lower costs as compared to detention charges that plague users. A few of the envisaged benefits for imports into India are listed as below:

Quality control prior to duty     payment, hence no duty to be paid on rejected products

Exemption of SAD, VAT &     CST on imports through FTWZ Service

Tax exemption for Handling     & Transportation of containers from Port to FTWZ

Availability of     state-of-the-art Container Storage Yard with World Class Safety, Hazardous     Storage and Maintenance and Repair Facilities within the FTWZ with Service     Tax Exemption

Free foreign exchange     transaction capability for the services rendered including CY/Container     Freight Station services.

Value addition services can be     provided like labeling, packing, kitting, bar-coding, palletization, and     other authorized services.

All such activities are exempted from service tax as well as any purchases of packaging material, labels, and the like from DTA into the FTWZ would be treated as exports from such suppliers

Envisaged Benefits for Exports from India

A few of the envisaged benefits for exports from India are listed below

Factory stuffed containers     entering the FTWZ are treated as deemed export providing immediate export     benefits

Local Tax Exemption (e.g. CST,     Sales Tax, Excise & VAT) on all activities conducted inside the FTWZ

Increased efficiency through     lowered reverse logistics activities through quality control before     dispatch from India

Lowering ‘back to town’ costs     with better aggregation and consolidation

Facilitating consolidation of     cargo with other users of the FTWZ for cost optimization through last-mile     distribution

Value addition services can be     provided like labeling, packing, kitting, bar-coding, palletization, and     other authorized services with all fiscal and regulatory benefits

Availability of     state-of-the-art Container Storage Yard with world-class safety, hazardous     storage, maintenance, and repair facilities within the FTWZ with service     tax exemption

Free foreign exchange     transaction capability for the services rendered including ICD/CFS     services

Envisaged Benefits for Re-Exports from India

A few of the envisaged benefits for re-exports using FTWZ are listed below

Income tax exemption on all     profits generated through re-exports activity through the FTWZ

Hassle-free re-export process     by routing cargo through FTWZ integrated with ICD/CFS services

Ability to leverage India’s     cost, skill, and geographic positioning advantage as a hub for     regional/global distribution post value addition activities

Service tax exemption on     services availed by routing containers through FTWZ integrated with     ICD/CFS services

Permission of 100% FDI for the     set-up of units by the unitholder of the FTWZ

Value addition services as     described below can be provided with all fiscal and regulatory benefits

The value-added services that     can be performed in the FTWZ are packaging, re-packaging, labeling,     re-labeling, strapping, refurbishment, crating, carbonization, fumigation,     choking, lashing, tagging, shrink/stretch / bubble wrapping,     palletization, bagging, re-bagging, quality assurance, kitting,     de-kitting, sorting assorting, making combination pack, consolidation,     agglomeration, washing, cleaning, processing, repairs & maintenance,     CKD/SKD assembly, bottling, blending, cutting, polishing, painting,     coating, filming, re-sizing, splitting, threading, coupling and the like.

Thus, FTWZs is a comprehensive infrastructure required for improving India’s container volumes and enabling Importers-Exporters to efficiently and cost-effectively carry warehousing, trading, and value addition activities.

[onnsynexftz]

Why FTWZ in India is the Best Choice for Global Traders: Key Benefits Unveiled

Free Trade and Warehousing Zones (FTWZs) in India have emerged as a game-changer for global traders. These zones are dedicated areas that offer various benefits designed to ease the flow of international trade, making India a top destination for businesses seeking to optimize their supply chain management and reduce operational costs. With their strategic advantages, FTWZs in India are increasingly becoming the go-to choice for global traders looking to streamline their logistics operations, access new markets, and capitalize on a range of tax and duty incentives. In this article, we unveil the key benefits of FTWZs and why they are a smart choice for global trade. Read More:

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OSV at ChemExpo India 2024: Optimizing Chemical Exports

OSV FTWZ extends an invitation to companies to investigate how its specialist logistics solutions may revolutionize their chemical supply chains and help them achieve worldwide success as OSV at ChemExpo India 2024 draws near. Chemical companies may grow confidently and effectively worldwide and realize the full potential of India's booming chemical export market by collaborating with Onnsynex Ventures.

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With a free trade zone warehouse in India at several locations, OSV FTWZ India proves to be one of the leading companies for logistics & Supply Chain operations.

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Ftwz services

We offer FREE TRADE and WAREHOUSING ZONE (FTWZ) services in INDIA, Which helps to reduce taxes. It is the Free-trade Zone, You just come and park Goods – don’t require an agent to sell your goods in India now. You can sell Goods FROM OVERSEAS DIRECTLY.