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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Key Benefits of Hiring the Best FTZ in India

What is Free trade Zones?

A Free Trade Zone is deemed to be a foreign territory and is intended to promote international business, trading, and distribution. Within these zones, goods may be landed, handled, reconfigured, and re-exported without much interference of the customs authorities. We must say that the traders, importers, distributors, merchant exporters can take the advantages of these free zones in many ways which are specifically organized around the main seaports, international airports, and national borders. 

Talking about the key purposes of FTZ in India, they are intended to ease the difficulties of trading across the world by high tariffs and complex customs regulations. They can reduce the bureaucracies of customs as well as fabricate, refinish, and store goods freely.

Free Trade Zone

What are the key benefits of hiring the best FTZ in India?

Duty Deferment – Within FTZ’s, you could avail an advantage of Duty & Tax Deferments which means duty is charged only on the shipment that move out of FTZ for DTA (Domestic Tariff Area) sale which provides importers, traders, distributors, and merchant exporters an advantage of keeping and storing their goods Duty and Tax free. 

Easy processing-

You can easily hire a professional company for acquiring FTZ in India for trading freely. You can choose an FTZ as per your business activity and do some paperwork. They can also offer you Flexi-desk, Warehousing Management Software (WMS), and virtual packages which enables you to track your goods and a provide a real time data of your storage.

Custom clearance-  

It is yet another vital reason which is why you ought to consider a reliable Free Trade Zone when you are importing, trading, and distributing in India. Even, many foreign MNCs prefer these zones to ease the entire process of trading, exporting, and distributing. You will be benefiting from 0% corporate and personal tax, exempt from VAT, import, and export tax which will finally helps you trading with no currency limitations.

FTZ in India

Ownership-

Many foreign MNCs want to trade with India. And hiring an FTZ in India can make you able to do business with retaining 100% ownership. These professional companies have their branch offices all over India that will help you in doing trading wherever you want to. 

Proper assistance-

The professional Free zone authorities will provide each sort of support and assistance you are seeking for exporting to India. They will cover both the international traders and domestic traders. They can also provide business consultation, networking services, access to startup hubs, and growth creativities to help new businesses get up and running. 

Moreover, hiring a reliable Free Trade Zone in India is a great deal. For the best deal, you can visit www.onnsynex.com. OSV FTZ’s is a reliable and professional company that has been operating in this industry for over many years and has a huge clientele across the globe with presence to over 192 countries.

You can contact them online without any hassle on crm@onnsynex.com or call them on +91 9599078328.