Exporting Auto Parts to India - A Free Trade Zone can make your Supply Chain Hassle-free

Many foreign MNCs Export Auto Parts to India as per the requirements of buyers and consumers. Well, this importing process involves different stages and stakeholders as well as regulatory framework and documentation. 

When we talk about exporting Auto Parts to India, it includes ensuring licensing and compliance before the shipping of goods, organizing for transport and warehousing after the receiving of goods, getting customs clearance, and paying taxes before the release of goods. 

Export Auto Parts to India

Export Auto Parts to India- Different stages involved –

1. Get your IEC - The exporters must have an Import Export Code (IEC) number from the regional joint DGFT. It helps traders with lifetime validity. It is important for clearing customs, sending shipments, and sending or receiving money in foreign currency. But the beauty of using FTWZ as your mode of warehousing is that it frees you from it as IEC isn’t required in this mode of Supply Chain.

2. Legal compliance - Foreign MNCs must export auto parts that are compliant with Indian guidelines. There are such products restricted, canalized, or prohibited, as declared and notified by the government. It may need further permission and licenses.

3. Import licenses- As an exporter, a foreign MNC first classify the item by identifying its Indian Trading Clarification (ITC-HS) which is India’s key method of classifying items for trade and import-export operations. However, in Free Trade Zone a foreign company doesn’t need an Indian importer, it could be done on their name only.

You can have either a general license (goods can be exported from any country) or a specific license (export only from specific countries). This license is used in import clearance, renewable.

4. File Bill of Entry and other documents - Exporters need to provide import declaration in the prescribed Bill of Entry along with permanent account number based Business Identification Number. It ensures the exact nature, precise quantity, and value of goods importing in India.

5. Decide import duty rate - India levies normal customs duty on imported goods along with goods-specific duties. Currently, integrated goods and services tax came under the new GST system that depends on the classification of imported goods. But Inside FTWZ a company can stock the goods Duty, Tax, and Compliance Free.

   

   Export electronics to India

   
   

Similarly, if you want to Export electronics to India, you have to go through different stages. You should know that India is one of the largest importers of electronic products across the globe and many foreign MNC’s are trading in India. It includes semiconductor manufacturing, digital household appliances, computers and peripherals, laptops, smartphones, and a wide spectrum of liquid crystal products. 

However, exporters face different challenges during these stages although want to make it easier. This is where a top-class, smart FTWZ service provider can help you to Export electronics to India and handle it on your behalf. They offer Smart Logistics, Duty-Free Warehousing solutions distribution, Consolidation and De-consolidation Hub, Stocking of goods Duty-free and Tax Free, and other value-added services at the best prices. 

To safely Export Auto Parts to India, you can visit www.onnsynex.com.

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The Importance of ATA carnet to India and who can Use It

ATA carnet to India application 

Essential components –

1. ATA Carnet application - ATA carnet provides valuable data on Customers and where the Carnet will be traveling. You can ATA carnet to India online which will be received by over 78 countries. It can be issued in an individual’s name or a company’s name, but they must be a permanent resident of India. It can be also used by a person or agent to handle the carnet through the customs on the named holder's behalf if the agent holds a Letter of Authority.

2. Security - ATA carnet aims at easing the applicable duties and taxes, including value-added taxes while the goods are being temporarily imported into a member country. However, if they will break the law and conditions under which they are permitted to import goods, then all the duties and taxes will be paid. It ensures security. The security assures act as collateral and will be drawn upon to reimburse FICCI in the event duties and taxes are owed.
   

3. Invoice Proforma that explains the Goods Covered by the Carnet and the processing fees are also important factors of this application process. 
   

When you will submit the relevant documents in original with your application form, it will take 48 working hours’ time to process your carnet. You should know that with your ATA carnet, you won’t need to buy temporary import bonds. It is the best way to make a bridge between business and customs that facilitates and stimulates international trade. 

ATA carnet to India

Who can use ATA carnet to India?

When it comes to best ATA carnet to India, FICCI as the apex chamber is operating as Sole National Issuing and Guaranteeing Association (NIGA) for ATA Carnets. It is accountable for issuing, discharging, and promoting the system in the country. It includes commercial samples, professional equipment, and goods for use at exhibitions and fairs. A carnet is frequently utilized to ease the movement of almost all types of goods. 

This service is mostly accessible to business and Supply Chain executives, and exhibitors at trade fairs, etc. apart from the other professionals like film crews, architects, artists, engineers, entertainers, photographers, sports teams, and many more can also use it. Moreover, everyone will get benefits from large companies, small companies, to individuals. 

You can hire a professional 3PL agency to make ATA carnet to India available. They will also make your supply chain duty and compliance free. For the best deal, you can visit www.onnsynex.com who are the specialists of Free Trade Warehousing Zone and could perform Temporary Importation on your behalf.

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A Significant Role of 3PLs to Export Goods to India

Outsourcing of Logistics/Supply-Chain function is Vital/Essential when it comes to Export Goods to India. All the major benefits come from the delivery process, especially from a strategic function. In order to deal with logistics activities, you need to handle them effectively and efficiently. This is where third-party logistics service providers can play a significant role. 

A professional 3PL service provider specializes in importing or exporting a product in or out of India. They know how to deal with all the legal documentation and compliance process. They have a strong network from the major Seaports/ICDs/Dry Ports and borders.

Export Cosmetics to India

Export Goods to India- The role and responsibility of a 3PL service provider-

A 3PL service provider is basically a brokerage service or company that deals with complete supply chain and logistics operations solutions and administration. They are the skilled experts to handle these activities precisely. 

If you are a global business supplier and want to Export Cosmetics to India, then this can be a smart move by hiring a 3PL service ahead of time. Even if you don’t have the experience to supervise the complex export process of the goods, they will do it on your behalf. So, as a business owner, you can focus on your business rather than bureaucratic shipping procedures.

A professional 3PL/FTWZ offers the best pricing options to their esteemed clients through a wide network of industry connections. They enable you to enjoy freedom without worrying about any hassle. 

They offer a wide range of services under one roof such as cross-docking, inventory management, order processing, freight forwarding, customer brokerage, warehousing, distribution, domestic and international transport, and retail scan and packaging services.

Moreover, you can take the advantage of an expert 3PL service provider when it comes to Export Goods to India. All you just need to let them know about your needs, specifications, and budget and various relevant details. 

Export Goods to India

Export Cosmetics to India-Improve your business efficiency by hiring 3PL-

The most important thing is that you can acquire great knowledge from a professional 3PL service. This is simply a wide procedure and lots of paperwork has to be done where a professional team of experts can help you. 

They can save your time and money as well. You can also ask them for advice/consultation on whether to acquire which warehouse space or not. In addition, they can help you to grow your business when expanding into new markets. 

Looking for a professional, highly-skilled, and experienced 3PL to Export Goods to India?  You can visit www.onnsynex.com.

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Top 6 Considerations to Decide on 3PL for List of FTWZ in India

As far as the List of FTWZ in India is concerned, it could be easily available online. However, you need to ascertain certain factors before that. You should know that many third-party logistics (3PL) providers are adversely impacted by the pandemic owing to social distancing, uncertain lockdowns, and closed borders. Make sure you are choosing the right one. 

Undoubtedly, we all have been witnessing the ramification of the COVID-19 pandemic worldwide. However, it is also adversely infecting e-commerce fulfillment worldwide and nearly half of the e-commerce brands are confronting virus-related shipping issues owing to the international border shutting and lockdowns affecting warehouses. Hence we can expect delayed delivery and disturbed replacement that cause a result of major sales decline. 

Free Trade Warehousing Zone in India

What is 3PL and when do you need it?

A professional 3PL service provider can help you in many ways. They enable you to outsource operational logistics from warehousing. As a client, you can gain a broader range of logistic solutions from expert 3PL companies. From transportation, warehousing, packing, inventory forecasting, order completion, to packaging and freight forwarding, they have got you covered. To summarize, they can boost the competence, control costs, and improve customer service.

Make sure a 3PL company is driving competence with automation and paperless warehousing. Perhaps, you are speculating when you should enlist a 3PL service to meet your demand. 

Let’s discuss few key considerations-

When you have more than 10-20 orders per day

When you don’t have enough space to store your inventory

When you cannot expand due to logistics issues

List of FTWZ in India

How to find a reliable 3PL service for Free Trade Warehousing Zone in India?

Below mentioned are the several points to find a reliable Free Trade Warehousing Zone in India - 

1. Thorough research- Make sure about a company with verified procedures, the right resources, and the skill to incorporate with your systems.

2. Good communication- They should understand your supply chain priorities. Make sure a company is compatible with your culture and values. Establish better communication.

3. A range of services- A 3PL should able to meet your needs it ensures a more seamless and scalable supply chain. 

4. Modern Technology- Make certain your 3PL has robust technology and provides modern technology solutions. 

Free Trade Warehousing Zone in India- Ensure that they can accommodate you with enough space to store your products. They should have customization abilities to optimize inventory and deliver excellent service. 

An incessant improvement - They ought to be committed to service excellence and quality management that ensure the best results. They should be also accustomed to Omni channel expertise. 

In a nutshell, when it comes to the List of FTWZ in India, many options are there. You need to find the best 3PL company. For the best deal, you can visit www.onnsynex.com.

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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.

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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.

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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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