Surrender and reallocation.

CFR · 2024-01-01 · US · Title 7

(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 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). (b) For each quota year, the Licensing Authority will, to the extent practicable, reallocate any amounts surrendered. (c) Any person who qualified for or was issued a cheese or cheese product license for a quota year may apply to receive additional license, or addition to an existing license for a portion of (1) The name and control number of the applicant; (2) The article and country being requested, the applicable HTS Additional U.S. Note number and, if more than one article is requested, a rank-order by Additional U.S. Note number; and (3) If applicable, the number of the license issued to the applicant for that quota year permitting entry of the same article from the same country. (d) The Licensing Authority will reallocate surrendered amounts among applicants as follows: (1) The minimum license size, or addition to an existing license, will be the total amount of the article from a country surrendered, or 10,000 kilograms, whichever is less; (2) Minimum size licenses, or additions

official document · source cfr-2024 · id 7:§ 6.26