Free Trade Warehousing Zone Kandla
Worlds Window Infrastructure and Logistics Pvt. Ltd. (WWILPL) also made its way into the Free Trade Warehousing Zone (FTWZ) business. WWILPL has been allotted an area of 21.6 Acres under the FTWZ scheme of Kandla Special Economic Zone (KASEZ) as co-developer for the development of integrated Free Trade Warehousing Zone. This FTWZ is conveniently located for port or multi-modal hinterland connectivity with an aim to facilitate movement of products in and out of the country.
Advantages of FTWZs for imports, exports and re-exports
· Duty deferment
· Exemption on SAD, VAT and CST
· Local tax exemption
· Foreign exchange transactions capability
· Service tax exemption on all activities conducted inside FTWZ including rental and labour
· Permission of 100% FDI for the set up of units by the unit holder of the FTWZ
WWILPL also intends to provide customized categorized warehouses, break bulk, containerized and dry cargo storage for its customers.