What is Free Trade Warehousing Zone in India?
A Free Trade Warehousing zone is also known as a free trade zone. It is strategically placed in every country as well as many countries mutually create these zones in a designated area for their benefit. It is termed free trade as there are is no duties or taxes are levied in the free zones. This ensures a hassle-free and tax-free import and export of all kinds of goods across the world. Because these free trade zones are exempted from all barriers such as no duties or taxes, they work freely with complete freedom and lure the attention of many foreign MNCs from all sectors as well as inspires them to relocate to the free zone and to register new companies. These zones closely optimize the transportation of goods between the individual countries in the zone and they can also disallow imports from third party countries if any issue is there. Usually, a Free Trade Warehousing Zone is a geographical area within a country and can be positioned anywhere within a country as per the requirement. In this new era, trading is booming between countries from around the world. Almost every industry is involved in exporting and importing processes. From large manufacturing to trading companies are widely taking advantage of these free trade zones and relocating their entire production line. This is only because they are now able to do significant savings on the transport and export of goods to other countries. It is a far better solution than in-house logistics made by individual companies. At the same time, a company could export their production amenities to other countries easily as well as import their required products from foreign MNCs to the free zone in a stress-free way and without bothering about customs duties or tax. The entire import and export process will be tax-free. And they can gain more profits. When we talk about the activities in a free trade zone, it incorporates the handling and storage of goods in warehouses, packaging, sorting, and the review of distribution and freight centres. These 3PL services have the best team of professionals that has a wide experience and skill to get this job done precisely. Typically, best Free Trade Warehousing zones are linked to a sea or airport. They also help to set the companies free from government restrictions and enable the hassle-free flow of goods. Especially, the free ports enable the tax-free import and export of goods and ensure tax exemption. It is a safe and secure process. Digital transformation Free Trade Warehousing Zone in India- With the advent of technology, these zones included the IT department that makes the most of the available resources. The integrated and IT-backed multi-modal network of air, road and rail enables them to offer tailored Supply Chain Solutions to customers across industries. It is the best approach to reduce cost per square foot and improve competence at each stage of the supply chain management system. Looking for the best Free Trade Warehousing Zone in India? You can visit www.onnsynex.com.
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Exporting to India Without having Company requires proper and smart logistic solutions as different hurdles are there to face by foreign MNC’s. It needs careful planning and assistance from 3PL service agencies. There are such transparent and often unpredictable regulatory and tariff regimes. Also, Indian companies and consumers are very price sensitive. You need to comply with different govt. guidelines and business policies. In order to keep your goods and products, you need to have a proper storage facility. Different procedures are involved in import and export activities that ensure licensing and compliance before the shipping of goods, transporting, and warehousing after the unloading of goods as well as customs clearance and paying taxes before the release of goods. Why do you need Logistics when Exporting to India Without having a Company? Time is the most precious thing in every business and businessmen are always concerned about it. When it comes to import or export to India, you don’t need to waste your time finding the safest, most efficient, and affordable way to ship your products instead of focusing on exceptional service and products that need to be delivered to your customers. This is because you can have the best and smart logistic services providers across the country. You just need to find out the best source that can meet your business demands. Undoubtedly, smart logistics is one of the most important parts of a successful importing and exporting business. It ensures a well-organized, precise, and robust supply of your products on time and in the same condition. Hence, hiring the best 3PL service provider is worth investing in. they can handle both domestic and foreign MNCs. These services assure you that they will provide the best resources to deliver your products consistently to your customer as well as they will eliminate real-time mistakes of the entire process. From the first-class infrastructure for warehousing of several products, appropriate equipment, transportation and handling facilities, commercial office space, water, power, communications, and connectivity, recognized 3PL logistics companies can seamlessly manage all of your logistics needs. Also, they offer value-added services such as labeling, packing, kitting, bar-coding, and other authorized services without service tax. They have a strong network of all sorts of transportation facilities that ensure a hassle-free, safe, and cost-effective way to get your product to the desired destination. They can handle transportation via land, sea, and air precisely and manage the port-to-port pick-up, tracking, delivery, and storage of your goods. Exporting to India Without having Company needs a successful logistic management system!! These 3PL agencies will help you throughout a process at every stage. They are open to communication with their clients, their providers, and the buyers’ representatives receiving the deliveries. It ensures a stress-free supply chain system. They also offer these smart logistic services at the best prices that would come within a budget. You just need to concentrate on your business and a professional 3PL service provider will do the rest. Looking for Exporting to India Without having Company? You can visit www.onnsynex.com. 4/19/2021 0 Comments Hiring the Best Free Trade Warehousing in India is a Game Changing Decision for your businesses Supply ChainWhen we talk about Free Trade Warehousing in India, it has emerged as a game-changer for domestic as well as for foreign MNCs. It offers effective strategic management and logistics platforms to perform the import and export process efficiently without any Supply Chain hassle. FTWZ in India is specially intended for doing business easily and generating investment. They are considered as special economic zones and foreign territory with regards to compliance and currency. These global trading hubs are specially designed to modernize the entire infrastructure of logistics and speed up international trade. How Free Trade Warehousing in India useful for international trade? FTWZ in India is controlled by the Special Economic Zones Act (2005) and Rules (2006) as well as the Ministry of Commerce and Industries. There are various facilities it offers to the users. It allows the companies to take advantages of Warehousing, Trading, and different related activities. When you import cargo from foreign countries into Domestic Tariff Areas, FTWZs promote phased clearance. On the flip side, when the goods move from these Domestic Tariff Areas to FTWZs, it is considered as exports and enjoys all adding benefits. These FTWZs are strategically situated in proximity to transportation hubs for easy access. Most importantly, they offer highly advanced warehousing and trading facilities to all their customers. It includes advanced Customs Clearance, Innovative Technology, International Infrastructure, Internal container depots & yards, commercial complexes, and added value services. There are many reputed 3PL services you can get in touch with us online. They provide all the conveniences as per their client’s demand and budget. Companies can operate their business through these FTWZs as a trading unit or as a service unit. What kind of activities are performed in Free Trade Warehousing in India- There are several sorts of activities are carried out in FTWZ in India those are explained below-
Moreover, we can state that FTWZs accommodate you with unmatched conveniences to domestic as well as foreign MNCs. It not only reduces your stress from customs and excise formalities but exempts income tax and demurrage costs. Rest assured that you would receive a smart logistic and supply chain management solution with value-added services. Additional advantages of Free Trade Warehousing in India-
All you just need to find the best FTWZ provider. For the best deal, you can visit www.onnsynex.com. In order to obtain better transportation of goods across the globe, you should hire the Best Logistics solution provider in India. They can aid you in the hassle-free and personalized flowing of goods from the point of origin to the point of consumption. No matter you are an individual or corporate, they have got you covered. This is the 21st century and personalized logistic solutions are an essential part of any business. Even, the logistics and supply chain companies are making transport easier and removing all the challenges. Backed by responsiveness and expertise, they can able to suitable solutions to domestic and foreign MNCs. Hence, hiring the Best Logistics solution provider in India is the best move for obtaining world-class logistics services. Make sure you are in the right place. A professional logistic service provider can fulfill your goals by delivering superior, superlative services. It will enhance your business productivity and profit. You can also expect value addition and positive contribution from them. They cover Air, Ocean, and Land transportation so that you won’t confront any hassle when shipping. The Best Logistics solution provider in India offers- A professional and expert logistic solution provider offers trouble-free, competent, and economical integrated logistics solutions as well as maintains ethical business practices. You will be offered the highest standards of customer satisfaction. With having all the capacity of warehousing, a staff strength, convenient and hassle-free transportation, they can get this job done as per your needs, specifications, and budget. No matter you are importing or exporting goods globally, rest assured that you will receive the best deal. Network- They are associated with a regionally strong network in each continent thus ensuring a hassle-free delivery/receive of cargo across the globe. They ensure to deliver your goods efficiently on time every time. Technology- A professional logistic solution provider involves top-notch technology to serve the customers and worldwide associates. They offer the concurrent movement of cargo and all e-commerce activities can be performed through the same. The domestic businesses in India as well as the foreign MNCs can hire a reliable and leading logistic service to get this job done. Warehousing- Do not bother about the safe arrival of your products anytime. A professional team has a better-organized warehousing management system with sufficient storage capacity. Aside from they can handle international logistic solutions, domestic and international express delivery solutions, freight transportation, supply chain solutions, warehousing and distribution services, and so on. In a nutshell, you will be offered the best and Economical integrated smart logistics and Duty-Free Warehousing solutions to foreign MNC’s as well as domestic clients. Make sure you are hiring a trusted and certified Integrated Logistics firm. They have to assist the forwarding community with neutral LCL consolidation. Most importantly, they should meet your budget as the price may vary with different logistic solutions. Choose the Best Logistics solution provider in India by searching their credibility in the market. Looking for the Best Logistics solution provider in India? You can visit www.onnsynex.com. Typically, Free Trade Warehousing in India is a policy of Government of India which is deemed to be a foreign territory especially made to boost the trade relations. Declared in the Foreign Trade Policy 2004-09 that Trade and Warehousing Zones have to be formed to create a trade-related infrastructure to make the process of import and export of goods and services easier as well as carry out trade transactions in freely convertible foreign currency. The objectives and key features of Free Trade Warehousing in India- In simple terms, FTWZs are considered as Foreign Territories / Ports / Warehouse and are specially designed to store and additional value-added activities under the Customs Law. It holds inventory in aid of Foreign Suppliers and Domestic Buyers. FTWZs can easily operate multiple transfers of ownership transactions and avoids an increase in transaction cost and no indirect taxes. It is a special category of Special Economic Zones that aims at boosting trading and relations. It offers a top-notch international infrastructure for warehousing for a variety of products, high-tech equipment, transportation and handling conveniences, office-space, approval of import and export formality, communications and connectivity, and so on. You can find FTWZ in India nearby to the seaports, airports, ICD’s or dry ports that ensure better accessibility in every condition. It allows duty-free import of all goods for warehousing but excludes prohibited items, etc. From packing, re-packing without processing to labeling, they have got you covered according to customer or marketing necessities. You can store your goods within the FTWZ for three years which can be extendable to five years, and can re-export or sell in DTA. Endless activities in Free Trade Warehousing in India- For the big retail chains, FTWZs eliminate regulatory restrictions of consolidating products from suppliers. It offers more inventory and also faster payments to the suppliers. You can able to spare Duty Deferment and Tax Deferment in the FTWZ. It aids to supply as per your need on time seamlessly and on the duty-paid basis to the Indian market. It accommodates with Warehousing of goods in aid of foreign or domestic customers. It offers assembling, packaging and repacking, re-sale, re-invoices, or re-exports of goods Gathering of whole and semi-knockdown goods Kitting and additional value optimization services on the goods/cargo FAQs- In what ways can companies operate through FTWZ in India? Operational Activity of Free Trade Warehousing in India are wider in nature and we could do pretty much everything inside FTWZ except manufacturing. You can either choose trading units or choose a Service Unit for trading, warehousing, and additional related activities. You can also avail of different value-added services. What is a Letter of Approval (LOA)? It is approved by the Unit Approval Committee for an entrepreneur to set up a unit in the FTWZ to continue authorized operations. It has a certain fixed function, but can be extendable. Is service tax-exempt in FTWZs? Both inbound taxable services and those carried out inside the FTWZ for use in authorized operations are exempt from service tax. Is customs duty exempt for import into FTWZ? Yes, but till the goods are imported are inside FTWZ for authorized operations Are you available round the clock? Yes, you can get 24/7 service in support of your business. Looking for Free Trade Warehousing in India? For the best deal, you can visit www.onnsynex.com. 1/24/2021 0 Comments Looking for the Best way to Export to India? Hire a Professional 3PL Service Provider!The Best way to Export to India- India is the world’s fastest-growing economy. Many countries and companies are looking to enter the Indian market in this time of crisis. Do you want to Export Goods to India? If yes, then First of all, you need to know about the challenges that you may face while exporting goods to India- Key challenges to Export Goods to India-
There are various additional issues exporters may face while exporting to India. This is where you can take the assistance of the professional agencies. In business, time is precious and you don’t need to waste it by figuring out the safest, effective, affordable, and the Best way to Export to India. You must value your time to search out for the best 3pl and warehouse provider so that you can offer excellent service and products to your customers. In this case, a professional logistic and supply chain service provider can play a significant role. They can handle both import and export that leads to the success of your company. They ensure an efficient, precise, and healthy supply of your products on time. They cover both domestic and international logistics in this process. Hiring a professional 3PL service provider will ensure consistent deliveries to your customer and real-time oversight of the entire process. Professional 3PL service- when do you hire them? If you are unable to fulfill your customers’ demand, then it can damage your brand’s reputation and reduce the growth of your business. In this pandemic, make sure you should hire an expert 3PL service provider who can work remotely. They should have the ability to perform automation and paperless warehousing. Apart from that, they must have all the facilities to offer you and provide the customer experience you are seeking. A professional 3Pl service provider can cover different services, including end-to-end solutions, warehousing, transportation, distribution, and shipping, receiving so on and so forth. What you can expect from your 3PL service providers? Manage all of your logistics needs - You will receive a range of services from tailored freight spend management services, supply chain consulting, and excellent transportation options (airline, ship, rail, and dry root transports). Aside from it includes value-added services such as warehousing, fulfillment, and distribution. Rest assured that you can get a safe and cost-effective way to get your product to your customers. They have better communication and organizational skills to eliminate all the potential problems and they always invest in the right technology. They ensure tax benefits as well. Peace of Mind- They will take care of all small details for you and offer peace of mind in return. You can focus on the things you do best and leave logistics activities to the logistics experts. They are aware of all the recent trends and developments. All you just need to hire a reliable source to Export Goods to India. For the best deal, you can visit www.onnsynex.com. Why do you need the Best Custom clearing agent in India? Do you want to get the Best Custom clearing agent in India who can assist you in the warehousing and logistics? If this is your concern then you have landed on the right page. You must hire a professional, trusted, and licensed Custom clearing agent that can meet your needs and specifications as well as in discharging all duties and services related to your custom clearing of consignments with the greatest care and minimum delays. There are many responsible and reputed Custom clearing agents available in India and you can find one of the best sources online sans hassle. A professional firm is aware of the Customs laws and processes and always follows all the rules & regulations in context to it. Additionally, their team always remains up-to-date with the public notices and offers you revised import custom clearing services and logistics solutions. They have a wealth of experience in this industry and are certified to carry out this process. They can able to clear all sorts of consignments across the globe with security and meet client’s requirements and gratification. Benefits of Custom clearing agents in India- Handles the complicated processes - Professional Custom clearing agents are able to flawlessly deal with customs clearing of import deliveries across international ports. They precisely understand different provisions of the customs act and regulations in India and perform required and secured customs clearance processes with modern trade, developments and knowledge of the foreign trade. You won’t need to worry about your deliveries as they will be handled by professional team of experts and ensure that your products will arrive at your destination on time without any hassle. Their main concern is to provide client satisfaction. Quickest delivery- Custom documentations are one of the most crucial parts of the customs clearing procedure and professional agents and companies understand it well. They will help throughout this process and complete the required customs clearance documentation. They ensure the safe delivery of their consignments and provide various benefits. They know how to avoid customs clearance delays detention or other demurrage charges. These professionals are technically well-versed in giving time-bound clearance to the clients on the import/export deliveries. On the flip side, they always keep track of the movement of the cargo to the time arriving at the container ports and reach the warehouses. They arrange every document for your transporting, including with inspection, transferring, and receiving of shipments in India. You will be offered in-house customs clearance for all industry sectors that can save you time and money. These special FTWZ zones are located and accessible nearby all the port areas in India. They have a well-designed warehouse infrastructure to store your good and consignments. Moreover, the One of the Best Custom clearing agent in India provides a gamut of value-added services in the Free Trade Warehousing Zone that are specially intended to cater to the needs of all industry verticals. From customs declaration and management, warehouse management system, Strict 24 hrs. Surveillance System, to Quality control, and so on and so forth, they have got you covered. All you just need to engage is a reliable and certified custom cleaning agent in this process. Looking for the Best Custom clearing agent in India? You can visit www.onnsynex.com. The Importance of Free Trade Warehousing Zones - Undoubtedly, Free Trade Warehousing Zones have been a phenomenal success across the world. Their sheer size, International Infrastructure, and different facilities have become a major contributor to the nation’s economy and trade regions by becoming major logistic hubs. When it comes to India, FTWZs have conceptualized and implemented to ease the process of import and export of goods. If you are finding the Best way to Export to India, then a reliable and professional FTWZ can assist you. As we know that FTWZs possess various impressive features to accommodate both the domestic and foreign suppliers. The opportunities that you can gain from these FTWZs are ranging from speedy delivery of cargo, Ease in Customs clearance process to integrated solutions, such as packing management, sorting, strapping and kitting, duty & taxation benefits, labeling, so on and so forth. It is usually a special category of Special Economic Zone. The key objective of FTWZs is to accommodate the domestic and foreign suppliers with the world-class trade-related infrastructure as well as make the import and export of goods and services easier in freely convertible foreign currency. At the same time, FTZs are perfectly apt for larger manufacturing units that have better domestic and export market potential for their sales. They not only store the goods in the warehouses duty-free but sell it to the customer’s world-wide as and when possible. They are that’s why strategically located around the main seaports, international airports, and dry port areas to reduce the transportation time to least. FTWZs key features- There are different sorts of product exported to India from foreign MNCs, including modern technology equipment, pharmaceuticals, medical devices, cosmetics, transportation, handling amenities, and many more. In this period of globalization, importing and exporting goods is a common process to increase the economy and FTWZs plays a vital role in it that facilitates storage facility of various products. When you are looking at Export Goods to India at best cost, these well-maintained and international free trade warehousing zones can help you in storing the products and also provide value-added activities. Also, you can gain some additional conveniences, including advanced international infrastructure, the latest WMS, so on and so forth. They are especially located near major port areas to give easy access by rail and road. You can able to import, export, and re-exports with less or no dependency. Do not bother about the storage facility as these FTWZs offer 3 years of initial tenure of goods with Zero Duty and Tax Implications. As a result, you can gain Zero Duty, reduce the Cash Flows, and reduce the transit time for shipping. Moreover, it can be stated that hiring a professional and responsible FTWZ is the Best way to Export to India sans hassle. And FTWZs are specially intended to promote international and foreign trade in and with India. So, you can concentrate completely on selling and growing your business in India. You can obtain the best logistics and supply chain management services at the best pricing range. However, you need to engage the best source in this process that can meet your needs and specifications. For the best deal, you can visit www.onnsynex.com. |
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