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1981 No. 183 EXPORT EXPANSION GRANTS REGULATIONS (AMENDMENT) - REG 1
The Export Expansion Grants Regulations are amended by adding at the end
thereof the following regulation: Adjustment of export earnings increment as a
consequence of loss of export earnings
"7. (1) In this regulation, a reference to export earnings lost by a person is
a reference to export earnings in relation to which the Board is satisfied on
an application made in accordance with this regulation that that person, under
the terms of a firm contract entered into before 23 May 1980, would have had
in a grant year commencing on 1 July 1979 or 1980 but, as a consequence of the
operation of regulation 6B of the Customs (Prohibited Exports) Regulations,
did not have.
"(2) A person may make application to the Board in accordance with
sub-regulation (3) for the purposes of sub-regulation (1).
"(3) An application under sub-regulation (2) shall set out all material by
which the applicant seeks to prove the existence of the contract referred to
in sub-regulation (1).
"(4) For the purposes of sub-section 7 (1) of the Act, the export earnings
increments of persons in relation to a grant year commencing on 1 July 1979 or
1980 are to be calculated as if the export earnings of persons-
(a) where a person had export earnings in each of the 3 immediately
preceding years-during those years;
(b) where a person had export earnings in only 2 of the 3 immediately
preceding years-during those 2 years; or
(c) where a person had export earnings in only one of the 3 immediately
preceding years-during that year, had been lower, than they actually
were by-
(d) an amount calculated in the manner specified in sub-regulation (5); or
(e) an amount that is 1 dollar less than those export earnings, whichever
is the lesser.
"(5) For the purposes of sub-regulation (4), the amount by which the export
earnings of a person are, under that sub-regulation, to be reduced is to be
calculated by ascertaining the amount of export earnings lost by that
person.".
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