Regulation 11 Exchange of licence—general provisions

Where an application has been made under regulation 9 above for credit on the exchange of a licence, no repayment of duty under paragraph 11 of Schedule 4 to the Act shall be allowed on the surrender of the old licence.

For the purpose of paragraph 11 of Schedule 4 to the Act (surrender of licence) the amount of any credit allowed under regulation 9 above shall be treated as having been paid on the issue of the licence.