Bonded warehouse? FTZ/ FTWZ/ Indl SEZ/ ICD/ CFS/ Dry Port?
These warehouses are owned, managed and controlled by government as well as private agencies.
Bonded warehouses are storage facility used to store imported goods for which import duty is still to be paid.
The bonded warehouses run by private agencies have to obtain license from the government.
Free-Trade Zone a special area within a country where foreign companies can import materials, manufacture goods, export products, etc.
without being limited by the usual rules and taxes: The island was designated a free-trade zone in the hopes of attracting foreign investment. Compare. free trade area
The Free Trade and Warehousing Zones (FTWZ) is a special category of Special Economic Zone and is governed by the provisions of the SEZ Act and the Rules.
FTWZ is designated as a deemed foreign territory and are envisaged to be integrated zones and to be used as International Trading Hubs. These places are custom bonded
SEZ Special Economic Zone
Special Economic Zone (SEZ) is a geographically demarcated region that has economic laws different from a country’s typical economic laws, specifically delineated duty-free enclave, providing businesses with simpler tax and legal compliance, to increase foreign investments.
The Special Economic Zone (SEZ) policy in India first came into inception on April 1, 2000.
The prime objective was to enhance foreign investment and provide an internationally competitive and hassle free environment for Export to create an “export-oriented” economy for garnering foreign exchange.
A container freight station is a facility where freight shipments are consolidated or de-consolidated, and staged between transport legs. A CFS is typically located in proximity to an ocean, port, or airport where cargo containers are transported to and from.
ICD means Inland Container Depot situated at inland points away from sea ports.
ICD What is ICD copy is a term used in India in the field of Imports and Export of sea shipments.
ICD is formed to help importers and exporters to handle their shipments near their place of location
A dry port (sometimes inland port) is an inland intermodal terminal directly connected by road or rail to a seaport and operating as a centre for the transshipment of sea cargo to inland destinations
Available Warehouse for rent in Chennai
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