31

Years of Experience

WELCOME!

VSF PROJECTS

A Leading construction company

VSF PROJECTS LIMITED is the leading construction company in South India, promoted by Mr.B.N. Murthy in 1992 as a company namely as Vijaya Shrimp Farms & Exports Limited (100% EOU), successfully implemented the semi intensive culture system in Ac. 175 in Aqua culture field. The company exported prawns to many MNC’s. On the other side the company established a Hatchery at Srinivasa Satram Village, Kota Mandal, SPSR Nellore District, Andhra Pradesh also. The company listed in BSE and HSE since 1994.
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Industry or area to which the new line of Business belongs to

On 3 rd November 2021, The Company M/s VSF PROJECTS LTD has Obtained a formal approval from Ministry of Commerce & Industry ,Department of Commerce ( SEZ Section) , Government of India for setting up of a Multi Product Free Trade Warehousing Zone at Ankulapaturu Village Chillakuru Mandal , SPSR Nellore District of Andhra Pradesh over an area of 50 Ha (132.96 Acres) near Adani Krishnapatnam Port.

 

On 22nd September 2022, The Land is NOTIFIED for Setting up of Multi Sector FREE TRADE WAREHOUSING ZONE near Krishna Patnam port in our own land in Chennai - Banglore Industrial Corridor.

EXPECTED BENEFITS OF FTWZ

  • ○ Ease of starting EXIM business in Indian FTWZ by foreign entities
  • ○ Income tax – Exemption on re-export of imported goods
  • ○ Flexibility of transactions in any free convertible currency
  • ○ Deferment of Custom duties / GST for Longer periods
  • ○ Exemption from Stamp Duty which is chargeable on imported cargo
  • ○ Retain 100% Foreign Exchange receipts in Foreign Currency account
  • ○ Facility for undertaking Value added services
  • ○ In house Customs Clearance and Bank facility for temporary removal / Sale within FTWZ
  • ○ Freedom from Demurrage, Detention & Interest cost

Operational

  • ○ 24x7 on-site customs clearance and ancillary services.
  • ○ Value added services viz. pick/pack, labeling, testing, etc.
  • ○ For international customers, availability of their stocks for Indian Sub-con /South East Asia.
  • ○ Eight lane entry and exit area for customs checking to prevent traffic bottleneck.
  • ○ Uninterrupted operations
  • ○ A single point contact is provided to coordinate for all FTWZ activities.

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