BENEFITS

Our Benefits

Other Benefits with our association:

  • Live Inventory Tracking

  • Cost Savings

  • Business Scalability

  • Deep Industry Knowledge

  • Customer Centric Initiatives

  • 100% Client Satisfaction

  • Best Supply Chain Process

INBOUND PROCESS

FTWZ DAYS BONDED WH
• Vessel Berthing

• IGM Confirmation

• Warehouse B/E Filing with Customs

 DAY 1 • Vessel Berthing

• IGM Confirmation

• TNR movement to nominated CFS
• Fulfilment of transhipment formality completion with Dock Customs

• Placement of Trailers

• Movement of Laden Container

 DAY 2 Warehouse B/E Filing with Customs
Waiting for assessments
• The arrival of Laden Container at FTWZ

• Destuffing Cargo

• Storage

• Returning of Empty Container to the yard

 DAY 3 WAITING UNTILL CONTAINER REACH AT CFS
DAY 4 • Post-Assessment, Application for Bonding permission

• Submission for space certificate from Bond Officer
DAY 5  • Obtaining Permission from Bond Officer

• Execution of Triple Bond Duty

• Destuffing Cargo at Bonded Warehouse

• Returning of Empty Container to the yard
Maximum 3 Working Days
Less Documentation Formalities		 SUMMARY Minimum 5 Working Days If all are as per schedule
Tedious Documentation Formalities

OUTBOUND PROCESS

FTWZ DAYS BONDED WH
• Filing Home Consumption B/E

• Customs Assessment

• Duty Payment

• Obtaining Out of Charge

• Placement of Vehicle

• Shifting, Loading and Dispatch of Vehicle

 DAY 1 Submission ex-bonding application
Waiting for assessments
DAY 2 • Obtaining Permission for ex-bonding

• Triple Duty Bond Cancellation

• Obtaining CFS and Bond Charges
DAY 3 • Duty Payment and Interest of Duty (if, exceeds 90 Days of bonding)

• Payment of CFS and Bond Charges
DAY 4 • ·Obtaining Out of Charge

• Placement of Vehicle, Shifting Cargo, Loading and Dispatch of
Vehicle
1 Working Day
Less Documentation		 SUMMARY 4 Working Days
Tedious Documentation

FREE TRADE WAREHOUSING ZONE

FTWZ BONDED WH
Status SEZ Act Sec 53(2). FTWZ is a Deemed Port No Deemed Port status
NFE FTWZ Units are required to be NFE positive under SEZ Rule 53 No NFE requirement by Bonded Warehouses
Assessment of Duty The Goods are NOT assessed for any duty since the FTWZ is a Deemed port. A Bill of Entry for WH consumption to be filed with FTWZ Unit to transfer goods from Airport/ Port to FTWZ. Bill of Entry for Warehousing is filed and assessed to duty before being permitted to move to the Bonded WH.
Multi-Country Consolidation & Easy of EXIM Trade Consolidation of goods from Multi-Country permitted as per customer’s requirement. HassleFree procedure for re-export and re-import, unlike standard customs procedure Consolidation of goods not Permitted. Re-imports and re-exports go through standard customs approval procedures.
Duty Deferment Bond A Double-duty bond is not required. Additional double duty bond required
Movement from Customs Gateway Goods are transported from customs gateway to AXCEL GLOBAL SERVICES‘ FTWZ via transhipment procedure without assessment by customs, which decreases Customs process lead time. The movement of goods into the bonded warehouse are subject to examination at Gateway Customs.
Holding Goods on The account of Foreign Supplier / Buyer ownership Not permitted. Only Indian registered company with valid IEC and GST
Period of Storage SEZ Rule 37 allows the Unit Holder to keep the goods in the FTWZ till the validity of the Unit Holder. The goods in the FTWZ not assessed for duty. One Year, further extension allowed subject to approval from the Chief Commissioner of Customs.
Interest on Duty Interest on Duty not applicable Beyond 90 Day, interest is levied.
Customs Set Up Dedicated customs setup available within the FTWZ 24x7x365 Dedicated customs setup could be done subject to approval from the Customs office.
Customs procedure for Removal of Goods Hassle-Free procedure for Removal of goods from FTWZ to DTA. Customs processing is done within the FTWZ zone All customs processing with the customs house located away from the bonded facility with multi authorities involvement (AO/EO/PO/Bond Officer)
Compliance with Allied Acts The payment of duty and compliance with allied acts is only applicable when the goods move out of FTWZ into DTA. Bond permission after production of necessary NOC
related to Allied Acts. Payment of duty at the time of
moving out of goods with applicable interest upon
production of relevant import license or NOC from the respective authority
Regional Trade Hubs This facility can be a regional hub for the vendor. Permits operations of the VMI model with Foreign Currency models Cannot be used as a regional hub since no facilities are
available for the export of goods and only INR transactions are permitted within a bonded warehouse.
Value-added Services (VAS) Can carry out Value-added Services as provided in SEZ Rule 18 (5) Value-added Services are subject to Customs permission in advance of any such activity.
The currency of Payment/Trading All Payments in Free Foreign Exchange including INR All payments in INR only.