Services - Free Trade Warehousing

OVERVIEW

The FTWZ (Free Trade and Warehousing Zones) are the special category of Special Economic Zones, which are 'Sanitized' zones designated as a deemed foreign territory and are envisaged to be integrated zones to be used as International Trading Hubs. Free Trade & Warehousing Zones (FTWZ) is a policy of the Government of India (GoI). It was announced in the Foreign Trade Policy 2004-09. This division is governed by provisions of SEZ Act 2005 and SEZ Rules 2006 to set up Free Trade and Warehousing Zones so as to create trade related infrastructure and facilitate the import and export of goods and services with freedom to carry out trade transactions in free currency.

Under this FTW scheme, a service enabler can store the goods in FTWZ for a maximum of 5 years, without any penalties or duties. Customs duty becomes payable at the time of clearance of goods into DTA (Domestic Tariff Area). In case of piecemeal, customs duty would be payable on such piecemeal quantity cleared into DTA and not on the full goods received into FTWZ. Therefore, the customs duty can be deferred by importing the goods into FTWZ. FTWZs are fully independent mega-trading hubs integrated with state-of-the-art warehouses and special storage infrastructure, container freight stations, environment friendly equipment, commercial complexes for offices, and eventual residential complex for the FTWZ workforce.

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THE MAIN FEATURES

  • Logistics & distribution
  • Provides “free zone” environment
  • Enables efficient operational environment for trade facilitation
  • Integrates various aspects of logistics operations
  • Provision of high quality & special storage infrastructure
  • Container freight station
  • Support facilities and amenities like medical facility, canteen services, and business centers
  • Enhanced transportation facilities
  • World-class information system for cargo tracking, etc.

INTELLIGENT WAREHOUSING SOLUTIONS

Ajanta Pack Mart is the first Indian company to get the License of Free Trade & Warehousing operations at Kandla Special Economic Zone (KASEZ), Kutch, Gujarat. Located 50-60 kms from Mundra Port, Gujarat, Ajanta Pack Mart is not only limited to offer duty free trading & warehouse facility to its clients.

Having duly examined the market, we are confident and experienced that our proposed services will effectively address the complete needs of small, medium and big domestic as well as international players. Ajanta Pack Mart gives a special privilege and invitation to importers, exporters, traders, & manufacturers to avail the services of our warehousing facility, along with the distribution handling, packing, labeling, reselling, re-exporting, re-invoicing, and pre-sales marketing activities.

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SERVICES

  • import export facilities,
  • speedy delivery of cargo,
  • one stop, 24 x 7 customs clearance,
  • consolidation,
  • packing management,
  • sorting,
  • inspection,
  • invoicing and re-invoicing,
  • strapping and kitting,
  • assembly for CKD & SKD,
  • customized categorized warehouses (various consumer products, chemical goods, food & beverages, electronics, retail goods, & other industrial products),
  • a distribution hub and a global supply chain for India and the world.

IMPORT BENEFITS

  • Duty deferment benefits up to 5yrs without paying customs duty on goods stored into Ajanta Pack Mart
  • Unlocking working capital
  • Reduced buffer stock
  • Hassle free duty implication
  • Quality control capability prior to duty-payment
  • Enabling Implementation of Vendor Managed Inventory (VMI) Model

EXPORT BENEFITS

  • Products from India entering the FTWZ are treated as an export thereby providing immediate export benefits to suppliers or companies in DTA
  • This allows companies to consolidate, value-added service (packing management, labeling, tagging, barcoding, kitting, strapping, sorting, etc.)
  • 24/ 7 customs clearance enhancing speed and efficiency
  • Ability to conduct quality control before dispatch from India and flexibility of sending it back to DTA for repairs or replacement
  • Hassle-free business environment in terms of local laws & regulatory compliance
  • Enhanced capital cash flow and higher inventory visibility

RE-EXPORT BENEFITS

  • Income tax exemption on re-export of imported goods
  • Service tax exemption on all activities conducted inside the FTWZ including rentals & labor
  • Exemption from custom & stamp duty on imports into FTWZ, meant for re-export out of India
  • Ability to leverage India as a regional/ global distribution & value addition hub
  • 100% FDI for setting up of units by unit holders