Article 12
United Kingdom
The period of validity of licences shall be:
the period from the day of issue until the end of the second month following the month of the day of issue, in cases where a flat-rate reduction has been adopted by the Commission;
the period specified in the Regulation opening the invitation to tender, in the case of licences issued under a tendering procedure for the duty reduction.
In Section 8 of the import licence, a cross must be marked against the word ‘yes’. Notwithstanding Article 7(4) of Regulation (EC) No 376/2008, the quantity released for free circulation shall not exceed the quantity specified in Sections 17 and 18 of the import licence, but may be less than that quantity by up to 5 %. The figure ‘0’ must be entered in Section 19 of the licence.
Notwithstanding Article 8 of Regulation (EC) No 376/2008, the rights arising from import licences under this Regulation shall not be transferable.