Page 36 - Bullion World Issue 7 November 2021
P. 36

Bullion World | Issue 07 | November 2021
          Free Trade                                                          commodities with world-class
                                                                              physical and electronic security.

          Warehousing Zones                                                   Sequel offers prompt delivery to

                                                                              all metros and large cities from the
          And Bullion Trading                                                 warehouses at Kandla and GIFT
                                                                              City.

                                                                              How Sequel adds value to bullion
                                                                              trading through its two Free
          Sequel’s FTWZ at Kandla and Gift City                               Trade Warehousing Zones:


                                                                              •   Long term storage of imported
          Free Trade Warehousing Zones (FTWZ)                                     goods insulated from duty
                                                                                  fluctuations
                                                                              •   Provision to store both gold and
          Free trade warehousing zones are strategically located premises treated   silver
          as international zones which enable the trading and storage of goods on   •   Located at IFSC – GIFT City
          behalf of foreign or domestic clients. FTWZ provides efficient connectivity   •   Efficient inventory management
          via road, rail, air, and sea. Within the geography of India, it acts as a   •   Geographical proximity to
          deemed foreign territory.
                                                                                  important manufacturing hubs
                                                                              •   Connectivity to major cities
          Free Trade Warehousing Zones in India fall under Special Economic Zones   via different modes of
          Act, 2005, and the Special Economic Zones Rules, 2006. The Ministry     transportation
          of Commerce and Industries is involved in clarifying various operational   •   Strategic partnerships
          aspects of FTWZ.
                                                                                  with International Logistics
          Benefits of a Free Trade Warehousing Zone:                          •   Companies
                                                                                  Lower total transaction and
          •   Service tax exemption                                               transportation cost
          •   Deferred customs duty payment                                   •   Duty exemption on re-export
          •   Benefits of export when transferring goods from Domestic Tariff Area
              (DTA) to FTWZ
          •   Hassle-free re-export, re-sale, and re-invoice of
              goods

          Sequel’s facilities at Kandla and Gift City - Gateways
          for Import and Long-Term Storage of Bullion
          Sequel has precious commodities storage facilities at
          two Free Trade Warehousing Zones (Kandla and GIFT
          City) in India. Both facilities are audited and approved
          by most major international suppliers for precious metal
          storage and are strategically positioned in such a way
          as to cater to the major precious metals manufacturing
          units in Gujarat, Rajasthan, Maharashtra, Agra, and
          Uttar Pradesh. Sequel’s free trade warehouses
          are utilized by major international banks, financial
          institutions, manufacturing units, traders, and suppliers.
          These warehouses are specially designed to handle
          precious commodities and to facilitate international
          trade of bullion.

          The centrally and locally monitored facility of
          Sequel enables the hassle-free handling of precious


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