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Commission Delegated Regulation (EU) 2020/760Show full title

Commission Delegated Regulation (EU) 2020/760 of 17 December 2019 supplementing Regulation (EU) No 1308/2013 of the European Parliament and of the Council as regards the rules for the administration of import and export tariff quotas subject to licences and supplementing Regulation (EU) No 1306/2013 of the European Parliament and of the Council as regards the lodging of securities in the administration of tariff quotas

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Article 5Release and forfeiture of securities

1.Article 7 of Delegated Regulation (EU) 2016/1237 shall apply to the release and forfeiture of securities for a licence for a tariff quota.

2.By way of derogation from Article 23(4) of Delegated Regulation (EU) No 907/2014, where the release for free circulation in the Union or export from the Union took place within the period of validity of the licence, but the time limit for submission of the proof of that release or export is exceeded, the security shall be forfeited by 3 % for each calendar day by which the time limit is exceeded.

3.The security shall be released for the quantities for which a licence has not been issued following the application of an allocation coefficient pursuant to Article 10 of Implementing Regulation (EU) 2020/761.

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