38Return of tariff rate quota entitlement

38 Return of tariff rate quota entitlement

(1) A person who has an amount of tariff rate quota entitlement for a quota type and a quota year may, at any time before the end of the quota year, return all or part of that amount by notifying the Secretary in writing of the amount of the entitlement to be returned.

Note 1: If the notice is given after the reclamation day for the quota year, the revoked quota will be counted in determining a penalty in relation to the following quota year under section 33.

Note 2: A person may also return an amount of tariff rate quota entitlement when giving a notice under section 39.

(2) If the Secretary receives a notice under subsection (1), the amount of the person’s tariff rate quota entitlement stated in the notice is revoked.