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| FTWZ in India |
When it comes to trading and warehousing and other interrelated activities, Free Trade Warehousing in India plays a significant role. They are usually known as a Special Economic Zone. These trading zones are specially situated within the Indian Territory to bridge the gap between foreign MNCs and customers or consumers.
There are a certain govt. rules and laws have been regulated for FTWZ in India such as The Special Economic Zones Act, 2005 and the Special Economic Zones Rules, 2006. The Ministry of Commerce & Industries has issues such instructions for these zones to make sure about their operations.
The Free Trade Warehousing in India operates various things to help foreign MNCs and domestic clients such as trading, labeling, packaging and repacking, re-sale, re-export of goods, kitting, and numerous value optimization services on the goods/cargo.
Moreover, these zones provide storage for goods and value-added services for their handling, maintenance, and safety. Hence, import and export between countries will be hassle-free and easy than before.
If you are a manufacturing company and looking for trading through FTWZ in India, then you can do it in two ways.
Trading Unit-
A Company can directly operate its activities such as trading, warehousing, and other related activities as a Unit in the FTWZ.
Service Unit-
A Company can hire a reliable and professional 3PL agency to operate these activities. You should know that there are many 3PL services are a Unit in the FTWZ. They can even handle all your import & export activities in a professional way and reduce your overall cost in many ways. So, you can gain more benefits in this way.
When compared to Free Trade Warehousing in India, you can reap more benefits as a company, including tax benefits. Your deposited cargos will not be affected in any way by import duties, internal revenue, or other trade policy measures. The stored will be duty-free in the case of entering and leaving the warehouse.
When it comes to different operational benefits, a professional 3PL service provides 24x7 on-site customs clearance and additional services. They can handle pick/pack, labeling, and testing, etc. the foreign MNCs will get uninterrupted operations.
They also have well-maintained advanced container and cargo yards. In addition, they have a better infrastructure with an integrated building management system and central operations control center. Apart from that, you can contact a professional 3PL service to know more value-added services offered by them at the best pricing range.
For the best, reliable, and affordable Free Trade Warehousing in India, you can visit www.onnsynex.com.
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