(a) If a licensee determines that it will not enter the entire amount of an article permitted under its license, such licensee shall surrender its license right to enter the amount that it does not intend to enter. Surrender shall be made to the Licensing Authority in writing by mail or electronic submission, postmarked or electronically submitted, in accordance with §6.36(b), no later than October 1. Any surrender shall be final and shall be only for that quota year, except as provided in§6.25(b). The amount of the license not surrendered shall be subject to the license use requirements of §6.23(c)(1).
CFR 7-6.26-2014 history
2004CFR 7-6.26-2014 Agriculture. Part6:Import quotas and fees. Subpart:dairy tariff-rate import quota licensing. Section6.26:Surrender and reallocation.