Entrepreneurship Development and Communication Skills

7.3.6.Free Trade & Warehousing Zones of Exim Policy 2004-2009 

Free Trade & Warehousing Zones(FTWZ) shall be a special category of Special Economic Zones with a focus on trading and warehousing.  The concept of FTWZ is new and has been recently introduced in the five-year foreign trade policy 2004-09.  Its main objective is to provide infrastructure for growth of the economy and foreign trade.  Free Trade & Warehousing Zones (FTWZ) plays an important role in achieving global standard warehousing facilities as free trade zones.  Free Trade & Warehousing Zones is a widely accepted model with a history of providing Substantial encouragement to foreign trade and warehousing activity.

Deemed Exports under the Exim Policy 2004-2009

Deemed Export is a special type of transaction in the Indian Exim policy in which the payment is received before the goods are delivered.  The payment can be done in Indian Rupees or in foreign Exchange.  As the deemed export is also a source of foreign exchange, so the Government of India has given the benefit duty free import of inputs.

EXIM policy is the Export-Import policies regulating international commerce in India.