PART 3Import Licences: Part C of the Quota Table and the Preferential Quota Table
CHAPTER 3Administration of Import Licences
Surrender of an import licence39.
(1)
A licence holder may surrender an import licence by giving notice to the Secretary of State to that effect.
(2)
Where a notice is given under paragraph (1), the import licence to which it relates ceases to have effect on receipt of the notice by the Secretary of State.
F1(3)
Notwithstanding regulation 40, where—
(a)
an import licence to import goods within quota numbers 05.4270, 05.4271, 05.4272, 05.4273, 05.4274, 05.4275, 05.4276, 05.4306, 05.4307, 05.4308, 05.4600, 05.4601 or 05.4602 is surrendered in accordance with paragraph (1); and
(b)
the surrender of the licence is made within 1 month beginning at 6.00 pm on 10th May 2022,
any security held by the Secretary of State in relation to the licence, must be returned to the person who lodged the security.