Free Trade Warehousing Zone – Genesis, Concept, Objectives And Envisaged Benefits For Trade In India

  A Free Trade Warehousing Zone (FTWZ) or export processing zone (EPZ), also called a foreign-trade zone, formerly a free port is an area within a country in which goods may be landed, handled, manufactured, or reconfigured, and re-exported without the intervention of the customs authorities. Only when the goods are moved to consumers within the country in which the zone is located do they become subject to the prevailing customs duties. Top freight forwarding companies in India offers integrated solutions in Free Trade Warehousing Zone (FTWZs) that are a special category of Special Economic Zone, rendering services such as speedy delivery of cargo, one-stop for Customs clearance capability; integrated solutions, such as packing management, sorting, inspection, re-invoicing, strapping and kitting, assembly of complete and semi-knocked down kits, and taxation benefits. Basically, the Free Trade & Warehousing Zones (FTWZ) is a special category of Special Economic Zones with a ...