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Chunilal FTWZ
FTWZ – A New Concept In India’s Logistic Evolution

Chunilal Clearing & Forwarding Pvt. Ltd.  is highly pleased to bring you profitable infrastructural support that allows you to import, export and re-export goods without the burden of duties and taxes that are otherwise levied on your goods. Chunilal’s Free Trade Warehousing Zone (FTWZ) offers customized facilities related to warehousing which help you add value before the shipment is organized. These zones have been strategically located, networked and laden with every facility to offer you a clear time-and-cost advantage. The benefits that these zones offer include quicker regulatory clearances, tax and duty incentives, flexibility, visibility and reduced working capital expenses.

Our company has set up Free Trade and Warehousing Zone (FTWZ) in order to help boost your operational efficiency. Owning and functioning of these zones will not only allow us to bring a unique end-to-end solution for our clients, but will also create partnership opportunities with Technology, Supply-Chain, and International Operations companies. These zones are conveniently located for multi-modal hinterland or port connectivity facilitating the movement of goods in and out of India. It lets you leverage India’s cost and skill arbitrage, and empowers you with its strategic geographical position. It gives you an advantageous position when you consider India’s position in terms of trade as compared to other players in the Asian sub-continent.

Functioning of Free Trade Warehousing Zone (FTWZ):
The scheme envisages duty free import of all goods (except prohibited items, arms and ammunitions, hazardous wastes and SCOMET items) for warehousing. As far as bond towards customs duty on import is concerned, the units would be subject to similar provisions as are applicable to units in SEZs.
These goods shall also be permitted to be sold in the DTA on payment of customs duties as applicable on the data of such sale. Payment of duty will become due only when goods are sold/delivered to DTA and no interest will be charged as in the case of bonded warehouse.
Packing or re-packing with processing and labeling as per customer or marketing requirements could be undertaken within the FTWZ.
The maximum period that goods shall be permitted to be warehoused within the FTWZ will be two years, after which they shall necessarily have to be re-exported or sold in the DTA. On expiry of the two-year period, customs duties as applicable would automatically become due unless the goods are re-exported within such grace period, not exceeding three months, as may be permitted.
   
 
Free Trade and Warehousing Zone are strategically-located.
 
 
     
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