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An FTWZ is a special category of special economic zone (SEZ). It can either be a stand-alone FTWZ or a demarcated area within a sector-specific or multi-product-specific SEZ. It is deemed a foreign territory with special status and benefits.
Flexibility towards end distribution in India. Duty deferment benefits (freeing up working capital). Quality control capability prior to duty payment. Reduced buffer stock. Exemption on SAD, VAT and CST on imports through the FTWZ. Foreign exchange transaction capabilities. Value addition services can be provided like labeling, packing, kitting, bar-coding, palletization, and other authorized services.
Products from India entering an FTWZ are treated as deemed exports, providing immediate benefits to the suppliers. Local tax exemption (e.g. CST, sales tax, excise and VAT, now GST) on all activities conducted in the FTWZ. Export quotas can be met for companies exporting into the FTWZ. Increased efficiency through lowered reverse logistics and quality control before dispatch from India. Foreign exchange transaction capability. Increased supply chain efficiencies (forward and reverse) while capital cash flow is enhanced.
Hassle-free re-export process. Permission of 100 percent FDI for the set-up of units by the unit holder of the FTWZ. Exemption on customs and stamp duty on products imported into FTWZ, which are meant for re-export out of India. GST exemption on all activities conducted in the FTWZ including rental and labour. Ability to leverage India’s cost skill and geographic positioning advantage as a hub for regional / global distribution post value optimizing activity."Request a hassle-free quote for your logistics needs today."
Location 37, G Towers, 2nd Floor
Perundurai Road,
Near Collectorate,
Erode- 638011,
Tamil Nadu, India
Contact Us0424 2274896
Info@tasglobal.in
0424 2274896