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35.—(1) If an application for an import licence is granted, the Secretary of State must issue the import licence before the end of the month in which the licence application was received, except that licences that are valid from 1st January must be issued by 16th December of the preceding year.
(2) An import licence issued under paragraph (1) (other than a licence referred to in paragraph (4)) is valid from—
(a)the first day of the opening of the quota period or sub-period for which the application was made, if the licence application was received prior to the commencement of the quota period or sub-period;
(b)the first day of the month following receipt of the licence application, if the application is received within the quota period or sub-period for which the application was made;
(c)1st January of the following year, in the case of an application received within the period of seven days beginning with 17th November.
(3) An import licence (other than a licence referred to in paragraph (4)) is valid until—
(a)the end of the quota period in respect of which it was issued; or
(b)if the licence was issued in respect of a sub-period, until the end of the quota period within which that sub-period falls.
(4) An import licence—
(a)in respect of which a certificate of authenticity was required to be submitted under regulation 30 is valid for the quota period or a period of three months beginning with the day on which the licence was issued, whichever period ends first;
(b)in respect of which an Inward Monitoring Arrangement certificate was required to be submitted under regulation 31 is valid for the period beginning with the day on which the licence was issued and ending with the same day as the final day of the period of validity deemed to apply under regulation 31(4) for a certificate so submitted.
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