FAQ

Free Trade Zone FAQs

What is a Free Trade Warehousing Zone in India?

Free Trade Warehousing Zone, a Special Category of Special Economic Zone, can be a 'stand-alone or a demarcated area within a sector-specific or multiproduct specific SEZ. FTWZ is a deemed Foreign Territory with special status and benefits. It is a dedicated platform for warehousing and trading, governed by SEZ act 2005 & Rules 2006.

What is a Free Trade Warehousing Zone in India?

Free Trade Warehousing Zone, a Special Category of Special Economic Zone, can be a 'stand-alone or a demarcated area within a sector-specific or multiproduct specific SEZ. FTWZ is a deemed Foreign Territory with special status and benefits. It is a dedicated platform for warehousing and trading, governed by SEZ act 2005 & Rules 2006.

How businesses benefit from FTWZ ?

How businesses benefit from FTWZ ?

What activities are permitted inside the FTZs?

What activities are permitted inside the FTZs?

Can the goods be kept forever inside the FTWZ without paying taxes and customs duty?

Can the goods be kept forever inside the FTWZ without paying taxes and customs duty?

How long does customs clearance take via FTWZs?

How long does customs clearance take via FTWZs?

What types of industries commonly utilize FTWZs for trading and business purposes?

What types of industries commonly utilize FTWZs for trading and business purposes?

Why do pharmaceutical companies prefer FTWZs?

Why do pharmaceutical companies prefer FTWZs?