How Free Trade Warehousing in India can Ease the Process of Importing & Exporting

 

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. 

Also Read: https://osv-ftz-0.webnode.com/l/exporting-auto-parts-to-india-a-free-trade-zone-can-make-your-supply-chain-hassle-free/

Take Advantage of Free Trade Warehousing in India - Read These 5 Best Things before proceeding

Especially for the logistic sector, Free Trade Warehousing in India is the game-changer. Regularly, various products get imported and exported from India. In this case, using the FTWZ can be a great relief for both the importer and exporter. India is becoming the hub to distribute products within India as well as for the Middle East and Asian markets. 

Different 3rd party logistic and supply chain service providers are available in India and they are giving the best solutions of FTWZ in India you are seeking, including freight forwarding, supply chain management, and visibility of product via information technology. 

Free Trade Warehousing in India

They have established special trade zones nearby major cities/ports/ICD of India. They can provide an integrated solution and topple considerably the cost of distributing the product. 

FTWZ in India is specially structured as a deemed foreign territory that can be envisioned to be integrated zones and to be used as International Trading Hubs with minimum compliances from customs. It is a fully controlled and independent mega-trading hub that accommodates you with an international infrastructure warehouse, Extraordinary Temperature Controlled storage facilities, container freight stations, state-of-the-art equipment, exceptional connectivity, independent utility stations, Warehousing Management System and so on. 

You can easily find Duty-free Warehouses that have highly recognized globally for giving exceptional Free Trade Warehousing in India, available for both the foreign MNCs and domestic companies. Customers can access a wide range of these services at the best market rates. 

A professional Warehousing & 3PL service provider makes it possible for their valued clients. In addition, you can access all the value-added services like repackaging, relabeling, kitting, assembling, so on and so forth under one roof by hiring them. They abridge the imports and exports between countries by delivering duty-free warehouses with 100% client satisfaction.

FTWZ in India

Top 5 benefits of FTWZ in India-

1. From Import custom clearance, logistics, handling, storage space, repacking, rebranding, relabeling, re-export, export clearance, freight forwarding, etc., these FTWZ’s have got you covered from all the aspects 

   
   

2. Stores your imported products or goods without any prior payment of customs duty or GST

   
   

3. De-stuff imported cargo from shipping line container and return the empty container to Shipping Line 

   
   

4. Proffers custom clearance facility and personalized warehousing solution 

   
   

5. For domestic client’s re-exporting, FTWZ in India stores imported Cargo and re-Export the same duty-free. It saves stresses of the first Payment of Duty & GST when importing and then applies for Refund at the time of Export.

   
   

Make sure you are in the right place when it comes to hiring a reliable 3PL service provider. For the best deal available in the Indian Market, you can visit our website.

Original Source: https://onnsynex.wordpress.com/blog/

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.

List of FTWZ in India

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. 

Free Trade Warehousing in India

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 www.onnsynex.com to get the best yet affordable deal.

Original Source: https://onnsynex.wordpress.com/

Free Trade Warehousing in India for a Hassle-free Business Trading

Earlier in 1960, India has had its ups and downs with using these zones. There was no improved infrastructure for trading. As a result, India was not able to stimulate economic growth and foreign investment. However, through the years, The Indian govt. has more concerned about it and has worked a lot to enhance zones by reducing government red tape and investing in infrastructure. 

When we talk about Free Trade Warehousing zones (FTWZ) in India, they are specially designed trade-related infrastructures helping in the import and export of goods. Most importantly, the trade transactions will be carried out in free currency. 

The Free Trade Warehousing in India aims to provide world-class infrastructure for warehousing of numerous products, advanced equipment, commercial office space, transportation and handling facilities, water, power, communications, and connectivity. In other words, it is the one-stop international trading hub for the clearance of import and export formality. 

Free Trade Warehousing in India

The location of Free Trade Warehousing zones in India is precisely chosen to proximate to seaports, airports, or dry ports to easily access by rail and road. Moreover, it is a special category of Special Economic Zones for making the process of trading and warehousing easier and smoother. 

The basic activities carried out in these zones-

• Goods and product warehousing on behalf of foreign or domestic customers

• Packaging and repacking, import, export, and re-export of goods

• Carious value optimization services on the goods/cargo

• Trading with or without labeling

If you are looking for Free Trade Warehousing in India for your business trading, then you can hire a professional agency that will help you in international logistics including Freight Forwarding, Custom Clearances (at all major Indian ports and ICD’s) and 3PL services. Different logistic companies are available in India to choose from, but make sure you are working with the right one that would meet your needs and specifications. 

Free Trade Warehousing

Let’s discuss how to select a reliable logistic company online-

• Make sure a logistics company provides advanced, fully-customized, and complete warehousing solutions for your international or domestic business trading with value-added services in their zones. 

• They need to provide end to end supply chain services with competitive infrastructure, several incentives, and with less customs-related formalities. 

• They must be licensed and experienced companies and provide a cost-effective logistic solution. 

• They should offer Duty Deferment and Service Tax benefits

• They ought to deliver 24 X 7 Customs Clearance services

For the best deal, you can visit our website.