14Return of tariff rate quota entitlement before 1 November

14 Return of tariff rate quota entitlement before 1 November

(1) If, at any time before 1 November in a quota year, the balance of an exporter’s tariff rate quota entitlement for a quota type and the quota year is greater than zero, the exporter may return all or part of the balance by giving the Secretary notice of the amount to be returned. (2) The notice must be: (a) given: (i) in the approved manner (if any) and approved form (if any); or (ii) if there is no approved manner and no approved form—in writing; and (b) accompanied by any information or documents required by the Secretary. (3) The amount stated in the notice is revoked at the time the notice is given.

Note: Amounts revoked under this section may be allocated to other exporters after 1 November (see section 17).