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FTWZ Concepts

This document discusses the Free Warehousing Trade Zone (FTWZ), a specialized zone within a nation that offers infrastructure and amenities for efficient storage, handling, and distribution of goods while ensuring smooth customs clearance. Some key advantages of FTWZ include tax and duty exemptions, flexibility in customs duty payments, ability to alter goods, and deemed export status for goods moved from domestic areas.

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Sethupathy Sundaram
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33 views

FTWZ Concepts

This document discusses the Free Warehousing Trade Zone (FTWZ), a specialized zone within a nation that offers infrastructure and amenities for efficient storage, handling, and distribution of goods while ensuring smooth customs clearance. Some key advantages of FTWZ include tax and duty exemptions, flexibility in customs duty payments, ability to alter goods, and deemed export status for goods moved from domestic areas.

Uploaded by

Sethupathy Sundaram
Copyright
© © All Rights Reserved
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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FTWZ, or Free

GENESIS Warehousing Trade


Zone, a nation
is a
specialized zone within

OF that offers the necessary


infrastructure and amenities for

FTWZ
efficient storage, handling, and
distribution of goods, ensuring
smooth customs clearance.
ADVANTAGES
AND
CONCEPTS
OF
FTWZ
• This category falls under the SEZ Act 2005 and is known as the special economic zone.
• Re-export made through FTWZ are exempted from tax and duties, allowing importers to benefit from
extended duty deferment periods.
• Importers and exporters can utilize the facility of the FTWZ without having to pay customs duty.
• Customs duty can be paid at different intervals and in lots to clear the cargo.
• Cross-trade cargo and re-export cargo also have the advantage of being able to undergo
labeling and alteration.
• If the importer has the original Bill of Lading and all necessary documents in place prior to the
arrival of shipment, the container can be moved to the FTWZ for de-stuffing.
• The plug-and-play concept allows stock and sale without payment of any duties and taxes in India,
with quality control and sample clearance before full duty payment.
• The FTWZ also allows change of HSN Code through, VAS, and re-export of unsold /damaged
/rejected cargo without regulatory challenges.
• Goods that are transported from the Domestic Traffic Area (DTA) to FTWZ are classified
as
deemed exports.
Concept
01 Identity
Value Added 02 Unique port code is issued
10 to every FTWZ
Services
Over 66 value-added services like sorting,
kitting, labelling and many other
Unique Positioning
operations are authorised inside FTWZ
Specia category of Located wirhin the geographical border
but outside the Regulatory border of India.
SEZ 09 03 .
FTWZ
It’s a special category of
Special Economic Zone (SEZ) The FTWZ is a special Cateogry
Ease of doing
governed under SEZ Act, 2005 Special Economic Zone (SEPZ). Business
Tax/Duty Benifits A foreign company can transact
through FTWZ without any
Re-exports through FTWZ do not attract permanent establishment locally
any tax/duties. Importers can enjoy duty
difference for Substantial Period
08 04 Logistics Hub
Transacting Dedicated platform for trading
and warehousing purposes.

Currency
Course
Units in FTWZ of Import
are permitted to transact Export to FTW
in anymoved
Goods freelytoconvertible
FTWZ from currency 07 05 Movement of goods into FTWZ
Port are considered as “goods during from Domestic Tariff Area (DTA) is
the course of “IMPORT”
06 considered as 'EXPORTS'

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