term period rewarehousing help what is
Meaning of rewarehousing period. What is it: allowed between your removing goods from your premises.

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Definition rewarehousing period

REWAREHOUSING PERIOD title: rewarehousing period (LO) (SAP Library - Glossary)
REWAREHOUSING PERIOD category: Logistics - General (LO)
REWAREHOUSING PERIOD explained:

In the deemed exports scheme, the maximum number of days allowed between your removing goods from your premises and receiving the countersigned ARE-3 back from the buyer.

If you exceed the rewarehousing period, you forego the exemption from basic excise duty and you must pay the excise duty to the excise authorities.

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