||"SEZ Act Sec 53(2). FTWZ
||No Deemed Port status.
||"FTWZ Units are required
to be NFE positive under
SEZ Rule 53"
||"No NFE requirement by
|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/ Seaport to FTWZ."
||"Bill of Entry for Warehousing is filed and assessed for Duty before being
permitted to move to the Bonded Warehouses."
||"Consolidation of goods from Multi-Country permitted as per customer’s
||"Consolidation of goods not Permitted
|Duty Deferment Bond
||No requirement for a double duty bond
||Additional double duty bond required
|"Movement from Customs
||"Goods are transported from customs gateway to Minerva’s FTWZ via
transshipment procedure without assessment by Customs in turn
decreasing Customs process lead time"
||"Movement of goods into the bonded warehouse are subject to assessment at
|Value Added Services (VAS)
||Can carry out Value Added Services as provided for SEZ Rule 18 (5)
||"Value Added Services are permitted, subject to Customs permission in
advance of any such activities"
|"Holding Goods on Account of
Foreign Supplier / Buyer"
||Permitted under SEZ Rule 18 (5)
|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
|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 Days, interest is levied.
|Exemption from SAD
||Exemption of 4% SAD against CST or VAT applicable
||SAD benefit applicable as per Customs notifications for pre-packed goods only.
|Customs Set Up
||Dedicated customs setup available within the FTWZ 24x7x365
||"Dedicated customs setup could be done subject to approval from Customs
|"Customs procedure for Removal
||"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
|Compliance of Allied Acts
||"Payment of duty and compliance of 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
||Re-imports and re-exports go through standard customs approval procedures
|Regional Trade Hubs
||"Possibility of using this facility as a regional hub. Permits operations
of VMI model with Foreign Currency models"
||"Cannot be used as a regional hub since, no facilities are available for export of
goods and only INR transactions are permitted within a bonded warehouse."
||All Payments in Free Foreign Exchange
||All payments in INR only.