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Features of Free Trade Warehousing Zone for Re-exports

Features of Free Trade Warehousing Zone for for Re-exports

Defer payment of customs duties & taxes till the removal of goods from FTWZ even up to five years
Faster /express clearance from port/ Airport (direct out from gateway port to FTWZ)
'On wheel clearance' with 24hrs after container out from Port and clearance from FTWZ after duty payment within 2 to 3 hrs (after seal verification/Custom inspection)
PLA facility (custom duty deposit with custom) for quick custom duty payment or immediate duty payment for custom clearance from FTWZ custom
Custom officers (AO/EO/PO) are stationed at FTWZ for faster clearance
Work on NSDL online filling which much faster than ICEgate online filling

Benefits for Re-exports

The VAS that can be performed in the FTWZ are packaging, re-packaging, labelling, re- labelling, strapping, refurbishment, crating, carbonisation, fumigation, choking, lashing, tagging, shrink / stretch / bubble wrapping, palletization, bagging, re-bagging, quality assurance, kitting, de-kitting, sorting assorting, making combination pack, consolidation, agglomeration, washing, cleaning, processing, repairs & maintenance, CKD/SKD assembly, bottling, blending, cutting, polishing, painting, coating, filming, re-sizing, splitting, threading, coupling and the like

Some of the accruing tangible benefits for re-exports through FTWZ from India are listed as below

1.
Income tax waiver on all profits generated through re-exports activity through the FTWZ
2.
Hassle-free re-export process by routing cargo through FTWZ
3.
One can take advantage of the advantages offered by India like manpower cost and technical skill, India's geo-position and location, and others to make their products globally competitive
4.
GST exemption on services offered within BML FTWZ
5.
Permission of 100% FDI for the set-up of units by the unit holder of the FTWZ