TaxTMI 
TaxTMI 
Guidelines for Operational Framework of FTWZ and Warehousing units in SEZ
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....024 To, The Development Commissioners of all SEZs Subject: Guidelines for Operational Framework of FTWZ and Warehousing units in SEZ - Reg. Madam/Sir, I am directed to refer to the above mentioned subject and to state that Department of Commerce had constituted a committee under the chairmanship of the then Development Commissioner (DC), GIFT SEZ to review the operational framework of F....
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....ents to the DC office before commencing first transaction by that client. iii. All the facilities of the FTWZs must be under CCTV surveillance with storage of data for at least one year. The DC and his authorised representatives are to have access the CCTV footage at any point of time. iv. The warehousing units must have a tamper-proof ERP/SAP system and no FTWZ Warehousing Unit should be all....
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....nder valuation is mitigated. vi. The transfer of goods from one FTWZ to another FTWZ should not be allowed except in specific and exceptional cases after consideration by the UAC. vii. DCs to carry out periodical physical verifications to warehousing units mandatorily. A comprehensive checklist should be prepared based on local risk assessment and utilized during such physical inspections. v....
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.... Unit Approval Committee based on the risk perceptions of the various commodities. xii. DC/UAC may take appropriate action on a case-to-case basis to define a minimum area for the warehousing unit so as to enable the clients to keep their goods in the warehousing for longer period and clear the goods as and when needed, i.e. for the purpose for which it was set up rather than providing scope for....