CHAPTER 6UNUSED QUOTA AUTHORISATIONS

F1Article 14

1.

Where a quota authorisation that has not been returned or covered by a corresponding sworn declaration pursuant to Article 12 remains unused at the end of quota period n-1, the importer's import ceilings for the product group concerned during quota period n+1 shall be reduced by the amount proportional to the size of the unused quota authorisation.

2.

The reduction referred to in paragraph 1 shall be calculated as follows:

  • R i = ΣU i /ΣΑ i

where:

  • R i represents the reduction applicable to the import ceiling of importer i, for the product group concerned, during quota period n+1;

  • ΣU i represents the sum of unused quantities covered by quota authorisations for the product group concerned granted to importer i during the quota period n-1;

  • ΣΑ i represents the sum of the quantities covered by quota authorisations granted to importer i, for the product group concerned, during the quota period n-1.