FTWZ - Free Trade Warehousing Zone





                                      FTWZ - Free Trade Warehousing Zone



Free trade warehousing zone (FTWZ) as per law, are Special Economic Zones (SEZ) in India. Govt. of India have allowed development of FTWZ in order to create Warehousing & related infrastructure to augment economic growth, create employment opportunities and to ensure growth in exports. FTWZs are Deemed Foreign Territories / Ports / Warehouse for Storage and Other value added activities under the Customs Law. FTWZ units are allowed to hold inventory on behalf of Foreign Suppliers/ Domestic Buyers . FTWZ law allows multiple transfer of ownership transactions without removal of the goods out of FTWZ, thus ensuring the trading chain to be as close as possible and as may be required, ensuring that there is no cascade of indirect taxes / compliances and avoids increase in transaction cost. The fiscal benefits allowed for the development of FTWZs ensures payback on infrastructure initiatives in long run.

READ MORE-Freight Forwarding Online, Buy & Sell Ocean Freight,Tronslog

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