HCOTEG37750 – Relevant Law: Council Directive (92/12/EEC) of February 1992 (Holding and Movement Directive)

Holding and Movement Directive (HMD)

‘on the general arrangements for products subject to excise duty and on the holding movement and monitoring of such products’.

Covers all Energy Products by virtue of Article 3 of the Energy Products Directive (2003/96/EC)

This directive forms the basis for:

• our documentary controls on the holding and movement of goods liable to excise duties.
• The Tax Warehouse and Registered Excise Dealers & Shippers (REDS) System
• It also sets down the rules on mutual assistance with other EU tax authorities

The full body of the text which can be found using Lex-Nex on the www.Europa.ec website, establishes the requirements for the Holding & Movement of Excise goods and the definition of authorised warehouse-keeper, tax-warehouse, suspension arrangements and registered traders.