Control of Imports (Amendment) Act, 1937

• Permanent Page URL

Surrender of licences.

13.—(1) A licence issued under the Principal Act or this Act may be surrendered to the Minister by the licensee thereunder at any time before the expiration of the quota period in respect of which such licence was issued.

(2) Whenever a licence is surrendered under this section, the Minister may transfer the unexhausted benefit of such surrendered licence to any other licensee or licensees in respect of the same quota period and description of goods, and may effect such transfer by increasing the quantity of goods specified in the licence or licences held by such other licensee or licensees and, for that purpose, may amend such last-mentioned licence or licences.