Free Trade & Warehousing Zone

Free Trade warehousing Zone (FTWZs) are a section inside a country within which goods could also be landed, handled, manufactured or reconfigured, and reexported without the intervention of the customs authorities (without paying custom duties). only if the products are moved to customers inside the country in which the zone is located (India, in this case) do they become subject to the prevailing customs duties.These are a special class of Special Economic Zone, with services such as speedy delivery of cargo, one-stop for Customs clearance capability; integrated solutions, such as packing management, sorting, inspection, re-invoicing, burly and kitting, assembly of complete and semi-knocked down kits, and taxation advantages. essentially the free trade & warehousing Zones (FTWZ) may be a special category of Special Economic Zones with a spotlight on trading and warehousing. And Genex logistics has emerged as a key player in giving FTWZ services in india.

We include this service as a part of the package in order to facilitate the trade and build new business models around it. And with that seeable, we've been ready to deliver a bouquet of advantages to our clients who have Imports into india, Exports from {india|India|Republic of india|Bharat|Asian country|Asian nation} or are-exports from India. Few of the activities which will be undertaken within the FTWZ are:

Duty deferment Quality control before duty payment, therefore no duty to be paid on rejected product Exemption of sad, VAT & cst on imports through FTWZ Service Tax exemption for Handling & Transportation of containers from Port to FTWZ Value addition services is provided like labeling, packing, kitting, bar-coding, palletization and different approved services.