FTWZ is considered a foreign territory within India, providing global trade benefits.
Functions as a dry port, enabling seamless trade operations
Foreign entities can operate without registered documents from Indian regulatory authorities
No need for approvals from the Ministry of Corporate Affairs or other governing bodies
No Import Export Code (IEC) required for operating from FTWZ.
Easy setup for businesses to commence operations.
Significant opportunity to penetrate and create a presence in the growing Indian market
Ideal for international businesses targeting Indian customers
Foreign companies without a physical presence in India can establish stock points.
Provides a direct distribution hub for Indian operations.
Expand operations to neighboring countries: Bangladesh, Sri Lanka, Myanmar, and Nepal.
Use FTWZ as a strategic base for regional distribution.
Warehouses tailored to accommodate various types of products.
Foreign entities can begin Exim operations in India within 1-2 days by registering with BML FTWZ.
One-stop resource for seamless import and export customs clearance.
Flexible payment terms for customs duties as per importer/consignee requirements.
Cargo can be temporarily removed for exhibitions or demonstrations without paying customs duties and returned within 120 days.
Efficient and economical shipment delivery to customers, meeting timelines.
| Particulars | FTWZ | Custom Bonded Warehouse |
|---|---|---|
Port Status | Deemed Port Status with Port Code (INC JJ6). | No Port Status. |
Assessment of Bill | Simplified customs clearance under SEZ Act. | Lengthy duty assessment process. |
Duty Deferment Bond | No Double Duty Bond required. | Requires Double Duty Bond execution. |
Compliance | Mandatory NFE (Net Foreign Exchange) earnings as per SEZ Act of 2006. | Requires Double Duty Bond execution. |
Movement from Customs Gateway | Direct transshipment from sea/airport to FTWZ without customs assessment, saving time. | Requires customs assessment at the gateway, leading to longer turnaround times. |
Stock Point for Overseas Customers | Overseas suppliers/buyers can set up a stock point or distribution hub without regulatory documents under SEZ Act. | Not allowed to set up a stock point or distribution hub. |
Consolidation of Goods | Permitted to consolidate goods from various countries/suppliers as a cross-border transition hub. | Consolidation from multiple countries/suppliers is not permitted. |
Storage and Duty Assessment Period | Goods can be stored without duty assessment for the validity period of the LOI (no interest on duty applicable). | Storage beyond one year requires customs approval; interest on duty is levied after 90 days. |
Temporary Removal of Cargo | Permitted for 90-120 days for exhibitions; proof required; must return after. | Not allowed. |
Customs Clearance for DTA | Done within BML FTWZ; duty paid for moved quantity; flexible BL/invoice combinations. | Done at customs house, away from the warehouse. |
Customs Clearance for Export/Re-export | Single-window, seamless process within BML FTWZ. | Requires customs house visits, adding time. |
Foreign Currency Transactions | Invoices can be raised in foreign currency, avoiding conversion loss. | Invoices must be in INR with conversion loss risks. |
Foreign companies can import goods into India without the need to set up an office, hire staff, or establish a branch.
Eliminates the need for companies to possess their own regulatory documents, simplifying compliance requirements.
Partnering with LOM allows access to FTWZ facilities and the use of LOM’s IEC (Import & Export Certificate) for hassle-free import/export processes.
1.
Inbound Logistics2.
Container storage & connection points for reefers3.
Warehouses with G+6 rack storage4.
Computerised Warehouse management sytem5.
Dedicated storage for hazardous material6.
Cold rool facilities (15-25C)7.
De-bulking & SKU wise stocking8.
Tagging9.
Re-labelling10.
Quality Assurance11.
Packing12.
Bottling13.
Bubble Wrapping & Bagging14.
Centralized customs clearance desk & 24x7 security15.
Outbound logistics
