Conditions of Swings
(a) All swings are made only in respect of the current textile year
of the quota concerned. For the purpose of future quota
calculation, shipments made against a swing will be counted as past performance in that group/category from which the yardage has been swung out.
(b) The yardage for a swing may be obtained from quota held by the applicatn company or quota secured through temporary transfer; in the latter case, prior consent of the original transferor company must be obtained. Anticipated quota, where applicable,
may not be used for swing purposes.
(c) A company which has swung yardage under these arrangements into a
group/category may subsequently swing out yardage from its quota allocation in that same group/category, and vice versa.
(a) The yardage swung into a group/category may not be swung out or
transferred out either on a temporary or permanent basis.
(e) On all export licence applications in respect of shipments made against an approved swing the reference number given in the top right hand corner on the reverse of the form must be quoted.
Any licence application mode without this number will result in the shipment being debited against the company's ordinary quota.
(f) The Director of Commerce and Industry reserves the right to refuse
any application for swing without assigning any reason.
WARNING
The Director of Commerce and Industry accepts no liability whatsoever in the event quota systems are revised, amended or abolished altogether and that this causes a company which has obtained a swing increase to lose the tr ́nsferred quantity. Similarly, the fact that swings have taken place will have no bearing on the administration of quota controls or in any way influence their revision, amendment or abolition when circumstances require.
For Official Use Only
"Swing-out" Quota Card adjusted
Swing-in Cerd opened
Swing Record entered
Letters of Approval issued by
Registered Post
Initials
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