Zenith FTWZ
FTWZ (Free Trade & Warehousing Zone) is a special economic zone designed to facilitate international trade and logistics. It offers world-class warehousing, distribution, and value-added services with benefits like duty-free storage, faster customs clearance, and flexible re-export options. Businesses using FTWZs can optimize supply chains, reduce costs, and enjoy smoother global trade operations with greater efficiency.
Benefits for Importers:
- 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.
Benefits for Exporters:
- 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.
Benefits for Re-Exporers:
- 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.