| PORT 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 |
Since the FTWZ is a Deemed Port the Goods are NOT assessed for Duty. A Bill of Entry for home consumption is filed with FTWZ Unit for transfer of 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 |
Consolidation of goods from Multi Country Permitted as per customer's requirement. |
Consolidation of goods not Permitted |
| Duty Deferment Bond |
No requirement for a double duty bond |
Additional double duty bond required |
| Movement from Customs Gateway |
Goods are transported from customs gateway to FTWZ via trans-shipment procedure without assessment by customs in turn decreasing Customs process lead time |
Movement of goods into the bonded warehouse are subject to assessment at Gateway Customs |
| Value Added Services (VAS) |
Can carry out Value Added Services as provided for in SEZ Rule 18 (5) |
Value Added Services are permitted subject to Customs permission in advance of any such activity. |
| Holding Goods on Account of Foreign Supplier / Buyer |
Permitted under SEZ Rule 18 (5 |
Not permitted |
| Restricted Goods Imports |
Permissible to enter the FTWZ. |
Goods can enter Bonded Warehouse pending Production of import license |
| Prohibited Goods Imports |
Permissible to enter the FTWZ with the Approval of the BOA |
Not Permissible |
| Period of Storage |
SEZ Rule 37 permits the goods to be kept until the Validity of the Unit Holder. The goods in the FTWZ are not assessed for Duty. |
One Year, further extension allowed subject to approval from Chief Commissioner of Customs |
| Interest on Duty |
Interest on Duty not applicable |
Beyond 90 Day, interest is levied. |
| Customs procedure or Removal of Goods |
Hassle-Free procedure for Removal of goods from FTWZ to DTA. Customs processing done within the FTWZ zone. |
All customs processing with the customs house located away from the bonded facility |
| Compliance of Allied Acts |
Payment of duty and compliance to allied acts only when the goods move out of FTWZ into DTA |
Payment of duty at the time of removal of goods along with applicable interest & upon production of applicable import license |
| Easy of EXIM Trade |
Hassle-Free Procedure for re-exports and re-import unlike standard customs procedure. |
Re-imports and re-exports go through standard customs approval procedures |
| Foreign Exchange |
All Payments in Free Foreign Exchange |
All payments in INR only. |
