2 MAY IMPORT LICENSING EDITION 1899

ANNOUNCEMENT OF RESULTS

8. Each tenderer will be notified in writing of the results of its bids.

9. Results will be published in the Import Licensing Edition of the New Zealand Gazette.

PAYMENT OF PREMIUMS

10. A non-refundable deposit of 25 percent of the premium bid must accompany each bid made. Except in the case of zero bids
    invoice will be sent to successful tenderers for the balance of the premium due for the licence to which it relates. The balance
    must be received by the Finance Section, Ministry of Commerce, P.O. Box 1473, Wellington, no later than the date specified on the
    invoice (which will be about three months from the invoice date). If payment is not received by the due date, the successful tenderer
    will forfeit its entitlement to licence and deposit.

GOODS AND SERVICES TAX

11. GST is not payable on the premiums.

REFUNDS OF DEPOSITS

12. Deposits remitted in respect of unsuccessful or invalid bids will be returned to the tenderer.

VALIDITY OF LICENCES

13. Licences won will be valid from the date they are signed by the authorising officer, except where the call for tender provides
    otherwise. There will be no end date to licences won in this tender round.

UNPAID LICENCES

14. Licences not paid for by the due date will be reallocated to unsuccessful tenderers in the tender numbers concerned. The units
    viable will be offered to unsuccessful tenderers in descending bid rate order. Those tenderers will be offered the units previously
    bid for at the bid rate made. The offer will be on an "all or nothing" basis. The offer will not be made to successful tenderers who
    failed to pay the balance of premium owing, or to unsuccessful tenderers who declined the first offer. Payment for the full amount
    of premium due on such reallocated unpaid licence will be required within 10 working days.

CONTINUITY LICENCE

15. Licences won in this round will entitle the winners to continuity licence, viz 50 percent of the licence value won in this round
    will be offered, valid from the start of the following applicable tender period for the goods concerned. The premium rate will be the
    same as was paid for the licence won in this round. The continuity offer will be attached to the licence issued to successful
    tenderers; to obtain the continuity licence, acceptance must be made by the time stipulated on the offer and payment forwarded
    against invoice by the due date given on the invoice.

REFUND FOR EXEMPTIONS

16. Except where the call for tenders provides otherwise, where the goods covered by a licence won:
    (a) move to licence on demand; or
    (b) are removed from the First Schedule to the Import Control Regulations 1988 (are removed from licence control)—
    within 12 months of the issue of the licence, refunds will be available on request for the proportion of the premium paid for the
    licence which corresponds to the proportion of the licence not used. Requests for refunds must be made within twelve months of
    the date of movement to licence on demand or removal of licence control.

CLOSING OF BIDS

17. Bids must be received by the Import licence tendering Section of the Ministry of Commerce in Wellington by 5 p.m. on
    Tuesday, 6 June 1989. Late bids cannot be accepted.

18. Bids should be addressed to the Senior Advisor, Import Licensing Tendering Section, Ministry of Commerce, P.O. Box 1473,
    Wellington. Envelopes should be clearly marked "IMPORT LICENCE TENDER" in the bottom right hand corner of the envelope.
    Bids can be put in the Tender Box situated on the First Floor, Bowen State Building, Bowen Street, Wellington. No other
    correspondence should be placed in the tender box.

SECOND SCHEDULE

The Item Code groupings tendered hereunder derive from the Import Licence Schedule:

NOTE: Before completing the bid forms tenderers should read the terms and conditions set out in the First Schedule carefully as
these are binding on all bids made.

APPAREL TENDER ALLOCATIONS: 1989/90

Points to Note:

Licence Validity

(1) Tender licences for apparel will be valid from 1 September 1989.

Increased Access Levels

(2) Please note that there have been some changes in the access levels for apparel. As a result of the decisions of the Apparel
Tariff and Access Review the tender level for 1989/90 has been increased by 3 percent rather than the 2 percent which
had previously been applied to apparel.

(3) In addition the tender level for handkerchiefs has been increased by 5 percent in the 1989/90 round. From 1 July 1990 import
licensing on handkerchiefs will be removed and tariff rates will be reduced to zero.