excise warehouse

excise warehouse
A warehouse authorised by HMRC for the deposit, without payment of duty, of goods liable to excise duty. There are special requirements for premises for the storage of oil. HM Customs & Revenue Glossary

Financial and business terms. 2012.

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  • customs and excise warehouse — A warehouse separately approved for the deposit of goods liable to customs duty and excise duty. HM Customs & Revenue Glossary …   Financial and business terms

  • warehouse — A warehouse that is exchange approved for delivery. Chicago Mercantile Exchange Glossary A place approved by HM Customs and Excise for the storage of goods without the payment of certain duties or taxes which would normally be due on those goods …   Financial and business terms

  • warehouse keeper — The person in charge of a warehouse. A bonded warehouse also has a warehouse officer, employed by HM Customs and Excise, to inspect goods entering and leaving the warehouse …   Big dictionary of business and management

  • distiller's warehouse — An Excise warehouse approved by HM Customs and Excise under Section 15 of the Alcoholic Liquor Duties Act 1979, for the storage of the spirits produced at a distillery. A limited range of operations, such as racking, can be carried out in a… …   Financial and business terms

  • Bonded warehouse — A Bonded warehouse is a building or other secured area in which dutiable goods may be stored, manipulated, or undergo manufacturing operations without payment of duty.[1] It may be managed by the state or by private enterprise. In the latter case …   Wikipedia

  • customs warehouse — A place approved by HM Customs and Excise for the storage of goods without payment of import duty. Import VAT is also suspended during storage of warehoused goods. There are several different types of Customs warehouse. While most approvals are… …   Financial and business terms

  • bonded warehouse — A place approved by HM Revenue & Customs for the deposit, keeping and securing of goods liable to excise duty, without payment of that duty. This term is often applied to a Customs Warehouse: incorrectly, since no bond is usually required for… …   Financial and business terms

  • tax warehouse — A warehouse authorised by HM Customs and Excise for the deposit, without payment of duty, of goods liable to excise duty. There are special requirements for premises for the storage of oil. HM Customs & Revenue Glossary …   Financial and business terms

  • bonded warehouse — A warehouse, usually close to a sea port or airport, in which goods that attract customs duty or excise are stored after being imported, pending payment of the duty or the re export of the goods. The owners of the warehouse are held responsible… …   Big dictionary of business and management

  • bonded warehouse — /ˌbɒndɪd weəhaυs/ noun a warehouse where goods are stored until excise duty has been paid …   Marketing dictionary in english

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