Wintrack Logistics (India) Pvt.Ltd
Industry Specific FTWZ Processes
FTWZ allows for partial and phased import cargo clearance into DTA (Domestic Tariff Area). This gives the business holding the inventory a lot of versatility and allows for convergence with consumer demands and consumptions. This improves supply chain productivity and profitability while lowering working capital requirements. Costs such as shipping line detention are also reduced as a result.
Advantages of Imports through FTWZ
- Until paying the duty, quality checks can be conducted, and rejected goods can be dealt in a separate procedure.
- VAT is not charged on any FTWZ services provided on imports.
- Container handling and transportation from the port to the FTWZ are both VAT-free.
- CSA FTWZ is equipped with world-class storage yards and the ability to store any special cargo with VAT-free facilities.
- Both facilities rendered have the capacity to trade in foreign currency.
- Sorting, marking, packaging, kitting, bar-coding, palletization, and other VAS are just some of the services that can be given.
- Both of these operations are VAT-free, and any purchases of supply materials for services made in FTWZ will be considered deemed exports from those suppliers.