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But I must explain to you how all this mistaken idea of denouncing pleasure and praising pain was born and will give you a complete account of the system and expound the actual teachings of the great explore

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Office No:- 39 - 40, 544B, A2, 1st Floor Shiv Arcade Acharya Niketan, Mayur Vihar Phase - 1 Delhi -110090 +91 8285659253 info@cura-logistics.com

Free Trade Warehousing Zone FTWZ

 

Free Trade Warehousing Zone FTWZ

Offers benefits equivalent to FTZs (free trade zones) operating globally Encourages foreign trade and warehousing activities for overseas and Indian entities

Provides an integrated platform for sourcing and distribution of management, including trading (in and out of India) thus reducing operational costs, especially without own set-up

Close proximity to international gateways for direct deliveries from port / airport, in turn reducing cargo holding time

Ability to move shipments from international gateways to FTWZ swithout customs assessment

Operates on a freely convertible currency model, i.e. payment of services in FOREX

Provides taxation benefits such as exemption on customs / GST, interest on duty, licensing and compliance of allied acts (while goods are within the FTWZ)

ACTIVITIES ALLOWED IN AN FTWZ

  • Storage
  • Handling
  • Transportation
  • WH receipts and documentation
  • Cutting
  • Palletisation
  • Bagging
  • Bubble-wrapping
  • Tagging
  • Packing
  • Labelling
  • Painting
  • Crating
  • Strapping
  • Washing
  • Bottling
  • Quality assurance
  • Consolidation
  • Repairs and maintenance
  • Cartonisation
  • Refurbishment

FTWZ BENEFITS

For imports:

  • Flexibility towards end distribution in India
  • Duty deferment benefits (freeing up working capital)
  • Quality control capability prior to duty payment
  • Exemption on SAD, VAT and CST on imports through the FTWZ
  • Hassle-free re-exports in terms of regulatory / duty implications
  • Reduced buffer stock
  • GST exemption on services availed in the FTWZ
  • Lowered product costs
  • Foreign exchange transaction capabilities

For exports:

  • 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

 

For re-exports:

  • GST exemption on all activities conducted in the FTWZ including rental and labour
  • Exemption on customs and stamp duty on products imported into FTWZ, which are meant for re-export out of India
  • Hassle-free re-export process
  • Permission of 100 percent FDI for the set-up of units by the unit holder of the FTWZ
  • Ability to leverage India’s cost skill and geographic positioning advantage as a hub for regional / global distribution post value optimising activity
 
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