Free Trade Warehousing Zone (FTWZ) Services in Chennai
Free Trade Warehousing Zone (FTWZ) or export processing zone (EPZ), also called a foreign-trade zone.FTWZ enables you to carry out hassle-free re-exporting.
Overview
We are a highly reputedlogistics company that provide our customers with worldwide technologies that is innovative from its core to provide world-class services. HERALD WLS focus on ensuring end-to-end supply chain management.
Herald WLS offers free trade warehousing zone bonded services to a number of global customers that serve a wide range of supply chain activities such as warehousing, inbound transportation, distribution, customs clearance, and customer-specific value-added services.
Free Trade Warehousing Zones (FTWZs), a special category of Special Economic Zone, offer services such as speedy delivery of cargo, one-stop customs clearance capability, integrated solutions such as packing management, sorting, inspection, re-invoicing, strapping and kitting, and assembly of complete and semi-knocked-down kits, as well as taxation benefits. Basically, the Free Trade and Warehousing Zones (FTWZ) are a special category of Special Economic Zones with a focus on trading and warehousing.
A game changer for importers, exporters, and re-exporters, Free Trading Warehouse Zones are deemed foreign territories that help companies efficiently manage their supply chains, ensure faster turnaround by reducing customs-related formalities, and increase operational efficiencies.
Through the FTWZ (Free Trade Warehousing Zone), Herald offers the following advantages to its wide customer base:
Strong connectivity across the globe
State of the art Grade A warehouse
Highest levels of safety and security
Built to global infrastructure standards
Customised transportation services
Environment friendly technology
For Imports
- Any FTWZ services on imports are exempt from GST.
- Zero duty on rejected stuff
- Sound quality control measures are in place.
- Foreign exchange transaction capability for all the services being rendered
For Exports
- Zero cost foreign currency transactions
- Compliance to Export quotas of different categories
- Local tax exemption (zero-rated IGST) on packing material
- Higher profits with low business/process costs
For re-exports
- Zero income tax is levied on profits earned in FTWZ.
- No GST for FTWZ routed cargoes
- Streamlined process
- Oopportunity to work on Indian land with unique geographic advantages
Quick Links
Industries
- Agriculture
- Automotive
- Aero space & Defence
- Chemical
- Cigarettes
- Consumer Goods
- DG Goods
- Electrical
Industries
- Electronics
- Engineering
- Food & Beverage
- Fashion & Retail
- Healthcare & Pharma
- Liquor
- Lubricants
- Metals
Industries
- Medical Equipment & Devices
- Polymers
- Project Cargo
- Personal Care Products
- Renewable Energy
- Steel
- Textiles
- Telecom Equipments
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