Features

SERAMA LOGISTICS Pvt. Ltd is one of the Established Logistics Solution Provider in India.

Serama Services

FTWZ Features

Free Trade Warehousing Zone (FTWZs) are a special category of Special Economic Zone, offer services such as speedy delivery of cargo, one-stop for Customs clearance capability; integrated solutions, such as packing management, sorting, inspection, re-invoicing, strapping and kitting, assembly of complete and semi-knocked down kits, and taxation benefits. Basically the Free Trade & Warehousing Zones (FTWZ) is a special category of Special Economic Zones with a focus on trading and warehousing.

FTWZ Core

  • Governed by SEZ Act 2005 & SEZ Rule 2006
  • Deemed to be a Foreign Territory Rule 18(5) of SEZ Rules, 2006 ( INSTRUCTION NO.60 DT: 1st July 2010)
  • Deemed to be a territory outsidethe customs territory of India Section 53 of SEZ Act 2005
  • Deemed to be a Port,
    Port Code : INCJJ6
  • Deemed to be Inland Container Depot, Land Station and Land Customs Stations Section 7 of the Customs Act, 1962
  • At par with Bonded Warehouse Where Duty & IGST are deferred maximum to 5 Yrs
  • Permittable Value Added Service before Duty Assessment
  • Import/Export
    Consolidation Hub
  • Distribution Centre

Comparison of CFS & FTWZ

Sea Import Via Traditional Mode
Sea Import Via FTWZ Mode
Day 3
Day 5
Day 7
Day 2
Day 3
import
IMPORT
import
IMPORT
IGM
IGM
IGM
IGM
Port
PORT
FTWZAO
FTWZ AO
Advance Billing &
Documenttation
FTWZ
FTWZ
(1-2 DAYS)
Port
PORT
FTWZ PO
FTWZ PO
Storage
STORAGE
Clearance
CLEARANCE
-Destuffing the cargo
-Returning the conainer
CFS
CFS
(2-3 DAYS)
Filling
Filling of HC BOE
Officer
Examination officer
Approved
Assessed/ Approved
AO
AO
(1-2 DAYS)
Payment
Payment of Duty with igst (penality if any)
PO
PO
OOC
OOC
(1 -2 DAYS)