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Container-deposit legislation (also known as a container-deposit scheme, deposit-refund system or scheme, deposit-return system, or bottle bill) is any law that requires the collection of a monetary deposit on beverage containers (refillable or non-refillable) at the point of sale and/or the payment of refund value to the consumers. When the ...
A deposit-refund system (DRS), also known as deposit-return system, advance deposit fee or deposit-return scheme, is a surcharge on a product when purchased and a rebate when it is returned. A well-known example is when container deposit legislation mandates that a refund is given when reusable packaging is returned.
The Deposit guarantee scheme of German banks (Entschädigungseinrichtung deutscher Banken in German) is a private institution legally responsible for guaranteeing the deposits of account holders of German banks in accordance with domestic legislation and EU directives.
The scheme would operate along the "producer pays" principle, where the producer pays the proposed deposit amount (20p) to the scheme operator, Circularity Scotland. [6] At each point down the chain, the wholesaler, the retailer, and ultimately the consumer who buy the goods each pay the unit price plus the deposit.
It consists of unified customs declaration forms which are prepared ready to use at every border crossing point. It is a globally accepted guarantee for customs duties and taxes which can replace the security deposit required by each customs authority. It can be used in multiple countries in multiple trips up to its one-year validity.
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The Deposit Guarantee Scheme Directive 2014/49 also referred to as DGS Directive or DGSD is a Directive in EU law that requires bank customers' deposits are guaranteed by member states up to €100,000.
In line with the EU Deposit Guarantee Scheme Directive of 2014, the IPS of the Sparkassen-Finanzgruppe is also designated as the deposit guarantee scheme for all its member banks. [10]: 77–79 in August 2021, the DSGV members unanimously adopted a resolution to reform the system and establish a Deposit Insurance Fund, gradually from 2024-2025.