Current location site: Global

Overview 

CapitaLand currently operates one FTWZ at Panvel near Mumbai and is spread over 30 acres, catering to Western India. Located at Sai village in Panvel on the outskirts of Mumbai, the free trade warehousing zone is located 24km from Jawaharlal Nehru Port Trust, India’s main commercial port. Ascent FTWZ at Panvel provides easy access to the western hinterland.

Free trade warehousing zones are a category of special economic zones set up to improve logistics infrastructure and facilitate and promote cross-border and international trade. Ascent FTWZ at Panvel serves as a mega trading hub with integrated logistics infrastructure such as special storage areas, world-class material handling equipment, container yards, open storage yards and a dedicated customs office.

A game changer for importers, exporters and re-exporters, Capitaland’s free trading warehouse zones are deemed foreign territories which help companies efficiently manage their supply chain, ensure faster turnaround by reducing custom-related formalities and increase operational efficiencies.

Services

Ascent FTWZ at Panvel provides unparalleled advantages for all EXIM-related operations:

Financial

·       Ease of starting EXIM business in Indian FTWZ by foreign entities

·       Customs Duty Exemption on re-export of imported goods

·       Flexibility of transactions in any free convertible currency

·       Deferment of Custom duties / GST for Longer periods

·       Exemption from Stamp Duty which is chargeable on imported cargo

·       Retain 100% Foreign Exchange receipts in Foreign Currency Account

·       Facility for undertaking Value added services

·       In-house Customs Clearance and Bank facility for temporary removal / Sale within FTWZ

·       Freedom from Demurrage, Detention & Interest cost

Operational

·       24x7 on-site customs clearance and ancillary services.

·       Value added services viz. pick/pack, labelling, testing, etc.

·       For international customers, availability of their stocks for Indian Sub-con / Southeast Asia.

·       Eight lane entry and exit area for customs checking to prevent traffic bottlenecks.

·       Uninterrupted operations

·       A single point contact is provided to coordinate for all FTWZ activities.

Infrastructure

·       Warehouses of 13-meter height with G+ 6 palletised racking systems; 8000 plus container stocking capacity.

·       State-of-the-art containers and cargo yards.

·       Robust internal road network capable of handling high traffic

·       Huge consolidation hub for export

·       Integrated building management system and central operations control centre.

View our list of frequently asked questions (FAQs) here.