Free Trade Warehousing Zone

Free Trade Warehousing Zones (FTWZs) in India are specialized areas designated as foreign territories, ports, and warehouses for the purpose of storage and various value-added activities, as per Indian Customs Law. These zones play a crucial role in facilitating international trade by providing a conducive environment for the storage and handling of goods without the immediate imposition of customs duties. The concept of FTWZs is to enhance logistics efficiency and reduce transaction costs, thereby making Indian exports more competitive in the global market. By being categorized under Special Economic Zones (SEZ), FTWZs benefit from the same regulatory and tax incentives that SEZs enjoy, including duty-free import and export, tax holidays, and simplified customs procedures.

FTWZs are strategically located near ports and airports to optimize the logistics chain, making them pivotal for businesses engaged in international trade. They offer state-of-the-art infrastructure and facilities such as bonded warehouses, specialized storage areas for different types of goods, and services for value addition like packaging, labeling, and quality checking. These zones are designed to attract foreign investments and enhance the ease of doing business in India. By allowing companies to store goods without paying duties until they are moved into the domestic market, FTWZs provide significant flexibility and cost savings, thereby fostering a more efficient and robust trade environment.

For More Details Contact:

M. Kesava Menon

☏ +91 9890851688