Free Trading Warehousing Zone India for International Trade

A Free Trade Zone is an international concept, enabling both Indian & foreign entities to do business in India without having any registration/license in India and avoiding the hassles of compliance and taxes while also enjoying the other benefits of Duty Deferment, Repackaging, Relabeling, Kitting, Duty-Free Re-Exports, Distribution, Temporary importation, etc.

It is an area where foreign goods can be imported without paying customs duties or taxes until the goods leave the FTWZ or free trade zone for DTA Sales.

These free trading warehousing zone in India were established to help foreign investors access local markets more easily.

It involves deferring taxes and duty-free import/export within these free trading warehousing zones in India, allowing companies to save money and utilize it as an opportunity cost for their business.

Since you can only do business in a free trading warehousing zone in India through registered units, you will have to find one available near your area.

Supply Chain/Logistics professionals often handle all of your paperwork and compliances, so finding a company such as OSV FTZ & Logistics that specializes in free trade projects is an excellent way to simplify your business processes.

The future of Free Trade Zones in India

Free Trade Zones (FTZs) or Free Trading Warehousing Zones are changing the definition of international trade and in the years to come, it would be the only option companies would be switching to for optimizing their supply chain. Here are a few reasons for the same -

• These zones provide opportunities for international companies to do business in India without any permanent establishment.
• Upfront duty is deferred which means more opportunity costs/working capital for businesses to invest
• Reduced Compliances and faster customs clearance are just a few of the reasons that make FTWZ more fruitful for businesses
• Value-Added Activities such as kitting, relabeling, packing, packaging, etc can be done

To know more about FTWZ, you can visit our website