Logistics terms · Logistics terms
What does Free Trade and Warehousing Zone (FTWZ) mean in logistics?
Short answer
A special zone for trading and warehousing in which foreign goods can be stored without customs duty, then re-exported or cleared into India on payment of duty when needed.
FTWZs are notified under the Special Economic Zones Act, 2005. They let importers hold stock close to the Indian market and clear it in small lots, deferring duty until clearance. Ask our desk how this applies to your consignment.
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The numbers behind this answer
- Also called
- FTWZ
- Category
- Warehousing
- Related terms
- SEZ (special economic zone), Bonded warehouse, Bill of entry, EXIM
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