Free Trade Warehousing Zone By AFM
International Logistics
Free Trade Warehousing
Custom Clearances
3PL
Consolidation
Repackaging & More
FTWZ An overview
Free Trade Warehousing Zone is an international concept formulated to promote global trade practices and enhance trade volumes and relationships between nations
The same concept has been just introduced in india with the same intention offering liberal benefits and convenience to its international trade economy
It also empowers to re-export goods from india without the burden of indian duties and taxes that are otherwise levied on your goods not only in parts and proportions but with also value additions (such as repacking, relabelling, Kitting, palletisation, assembly)to your material
It allows you to import, export to and from India with benefits of duty de ferment tax benefits, cost efficiency and better distribution channels
Unique Benefits
Duty/GST Deferments -Reduced buffer stocks - Delivery Time
Duty Deferments benefits (freeing up working capital & increasing sales)
VAS Services such as repacking, relabelling, kitting, assembly etc.
Foreign exchange transaction capability
Increasing supply chain efficiencies (forward & reverse) while enhancing capital cash flow
Exemption from custom and stamp duty on products imported into FTWZ; meant for re-export out of india, and many more benefits
FTWZ With GST
FTWZ enables indian traders to transact with GST exemption and at increased efficiency through its value added services- offering better distribution channels, deffered duty / taxes payments , and lowered costs
Who benefits with FTWZ
All indian importer having IEC & GST numbers, traders and consolidators of indian goods of export purpose.
International Traders who want to keep seller's and buyer's info confidential
Looking to import cargo for Display/ Demonstration/Exhibition
Airlines Company that wants to keep their valueable spare parts for long time without any obligation
International Automobile company that wants to keep their spare & parts
Bulk Importers of Medicine, Medical, Equipment's, Polymers, Chemicals, Machinery, Spares, Fabrics, Lining, Fusible Interlining, Hangers, White goods, Electronic & Electric products, Packaged food items, cosmetic items.
Exemption from custom and stamp duty on products imported into FTWZ; meant for re-export out of India
Foreign Suppliers who doesn't have any entity in India but wanted to set up ware - house for Indian Overseas markets.
Storage Type
Pallet Rack System (D1000 * W1200 * H1200)
Block Storage (D1000 * W1200 * H1200)
Dedicated Space for Warehousing,Showcasing etc.
For overdimensional loose cargo
For cold storage & temperature control
CBW V/S FTWZ: A Comparison
Function
- Requirement of Import Export Code
- Requirement of GST number
- Interest on Applicable Duty
- Prior NOC
- Payment Of Duty
- Storage Period
Customs Bonded Warehouse
- Mandatory
- Mandatory
- 15% (P.A) applicable after 90 days on Duty
- Mandatory relevant Participating Agencies
- Duties are due prior to release from bonded warehouse
- Maximum upto 1 year (only after payment of interests)
Free Trade Warehousing Zone
- Not required
- Not required
- Not Applicable upto 3 years
- Not Required
- Payment of duty are only of DTA Clearance
- 3 Years (extendable upto 5 Years)
AFM Free Trade Warehousing
Infrastructural Highlights
- Fully Automated warehouse management software (WMS)
- Online order creation offering convenience for international clients to place orders at all times eliminating time zone differences and as per specialized requirements such as Lifo, Fifo , Expiry date etc.
- Modern racking systems as per international standards
- Three Tier security system
- Client dashboard (insights of shipments and stored materials with stock & monthly reporting system)
- High definition cameras (24*7 Surveillance)
- Dust & Fire-resistant storage facility
- High end cranes & material handling equipment
- Comprehensive insurance coverage