Mumbai (Nhava Sheva)

About Steinweg
Mumbai (Nava Sheva)

In Nhava Sheva, Steinweg operates as a holder at NSBP FTWZ, 7 kms away from the Nhava Sheva Port.

Salient features of our Facilities in FTWZ, are as follows:

• The Warehouses are based @ Free Trade Warehousing Zone (FTWZ), which is a bonded area.
• Temporary Customs clearance is done to move the cargo from Port (CY) to our Warehouse in the FTWZ.
• The facility being a designated free zone, cargo stored in the facility does not attract any duties while in the FTWZ.
• Shipper / Traders are free to import the goods into the FTWZ and hold it as consignment stock.
• Cargo brought into the FTWZ can be held in our name viz; Steinweg Sharaf India Pvt. Ltd. on-behalf of ‘Contractual Customer’, This implies that the title to the goods is with the overseas Customer till the goods are sold to an India Buyer or re-exported.
• Once stored, the goods can then be sold to multiple buyers in DTA – Domestic Tariff Area (in addition, if there is an FTA agreement with India, receivers can also avail preferential duty benefits, on part cargo released) or re-exported overseas or sold within the FTWZ, in smaller quantities.
• Customs duty, apply only when the goods are customs cleared into domestic market (DTA- Domestic Tariff Area).
• The value additions are very much permitted in the Free Trade Warehousing Zone (i.e., Re-packing; Stickering; label removing & re-fixing; weighing; packaging etc.).
• Although allowed to procure goods from domestic market for onward export to third countries in same condition and / or after performing some value additions.