1. Home
  2. |  
  3. Bank Recruitment |  

Banking Term: Free Trade Zone

May 6, 2015 12:36 IST

    Banking Term: Free Trade Zone

    • It is a customs-defined area in which goods or services may be processed or transacted without attracting taxes or duties or being subjected to certain regulation.
    • A special case is t free Port into which goods are imported free of custom tariffs or taxes.
    • The objective behind the scheme is to encourage bulk exporters.
    • Free trade zone (FTZ) is a specific class of special economic zone. They are a geographic area where goods may be landed, handled, manufactured or reconfigured, and reexported without the intervention of the customs authorities.

    Latest Videos

    Register to get FREE updates

      All Fields Mandatory
    • (Ex:9123456789)
    • Please Select Your Interest
    • Please specify

    • ajax-loader
    • A verifcation code has been sent to
      your mobile number

      Please enter the verification code below

    This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK

    Register to view Complete PDF