Regulation (EU) No 510/2014 of the European Parliament and of the Council of 16 April 2014 laying down the trade arrangements applicable to certain goods resulting from the processing of agricultural products and repealing Council Regulations (EC) No 1216/2009 and (EC) No 614/2009 (c. 510)

CHAPTER II IMPORTS OF PROCESSED AGRICULTURAL PRODUCTS

SECTION I General Provisions For Imports

Subsection II import of ovalbumin and lactalbumin

Article 7 Security in respect of import licences

1. The issuing of the import licences referred to in Article 6 may be made subject to the lodging of a security guaranteeing that the economic operator will import the products within the period of validity of the import licence.

2. The security shall be forfeited in whole or in part if the products are not imported within the period of validity of the import licence.

3. However, the security shall not be forfeited if the products were not imported within that period due to force majeure or if the quantity which was not imported within that period is within the level of tolerance.