Article 4 Security for the export licence
United Kingdom
By way of derogation from the fourth indent of Article 12(1)(b) of Regulation (EC) No 951/2006, the applicant shall lodge a security of EUR 11 per 100 kilograms net dry matter of isoglucose.
The security referred to in paragraph 1 may be lodged at the applicant’s choice, either in cash or in the form of a guarantee given by an establishment complying with criteria laid down by the Member State in which the application for the licence is submitted.
The security referred to in paragraph 1 shall be released in accordance with Article 35 of Regulation (EC) No 1291/2000:
for the quantity for which the applicant has fulfilled, within the meaning of Articles 31(b) and 32(1)(b)(i) of Regulation (EC) No 1291/2000, the export obligation resulting from the licences issued in accordance with Article 6 of this Regulation; and
for which the applicant has provided proof to the satisfaction of the competent authorities of the Member State where the export licence was issued that the customs formalities for importation into the destination of export have been completed within the meaning of Article 16 of Commission Regulation (EC) No 800/1999f1, for the quantity of isoglucose in question.