The Role of FTZ in India and Its Key Features

Whether you are importing or exporting goods from India, taking the assistance of a professional FTZ in India is a smart move. You can directly contact government agencies to acquire these facilities. However, if you want to make the most out of these opportunities, you must hire a professional, licensed, and reliable FTZ Players in India that can meet your needs and specifications. 

Many reputed private FTZ Players are available in India, approved by the government of India and they have been serving these services to their clients with a wide scope of value addition. However, it requires an extensive research to find out the best source and get the best deal. 

FTZ in India

What is the free trade zone (FTZ)?

FTZ in India is a specific class of special economic zone. These FTZs are a geographic area that are deemed to be a foreign territory and are strategically located nearby major seaports, international airports, and other locations with strong transportation ties where goods may be landed, stored, handled, assembled, reconfigured, and re-exported. All these operations are carried out under ease without the intervention of the customs authorities.

Although these free trade zones were not great in condition earlier, the government announced development plans for SEZs in late 2015. Now, these zones are highly advanced in terms of infrastructure, storage facilities, modern technology, security, and safety.

Custom duties are eliminated in these zones and are only charged on the part of shipment that moves out of FTZ in India for Domestic Tariff Area sale. In these zones, import of raw materials and the export of factory products can be performed as well as it helps to reduce trade barriers to minimum.

FTZ Players in India

Key benefits of FTZs-

Lower risks-

All the operations of import and export carry out via an uninterrupted integrated solution. It lessens compliance risk and other security risks as the intervention of customs authority is to the minimum.  

Increase cash flow-

A professional and skilled team of FTZ experts can help you in many ways. No matter you are seeking help at a warehouse, at a manufacturing location, or in a services facility, they have got you covered. You can gain benefits from improved flexibility towards end-distribution. These FTZs enhance your cash flow by deferring duty & tax, creating a superior inventory visibility, and boosting supply chain rate for re-exporting goods, and thus create savings in the existing business.

A reputed and reliable FTZ Players in India can offer value-added services, including labeling, packing, kitting, sorting, custom crating, repackaging, and many more. They can customize their activities according to the client’s requirements. 

For availing the best FTZ in India and that too located in the epicenter of it, you can visit our website.

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