§6.27. Limitations on use of license.
7 C.F.R. § 6.27
A licensee shall not obtain or use a license for speculation, brokering, or offering for sale, or permit any other person to use the license for profit.
A licensee who is eligible as a manufacturer or processor, pursuant to § 6.23, shall process at least 75 percent of its licensed imports in such person's own facilities and maintain the records necessary to so substantiate.
Notes, amendments, and revision history
Amendments
[80 FR 44254, July 27, 2015]
Authority
Authority: Additional U.S. Notes 6, 7, 8, 12, 14, 16-23 and 25 to Chapter 4 and General Note 15 of the Harmonized Tariff Schedule of the United States (19 U.S.C. 1202), Pub. L. 97-258, 96 Stat. 1051, as amended (31 U.S.C. 9701), and secs. 103 and 404, Pub. L. 103-465, 108 Stat. 4819 (19 U.S.C. 3513 and 3601).
Source
Source: 61 FR 53007, Oct. 9, 1996, unless otherwise noted. Redesignated at 85 FR 31938, May 28, 2020.
Amendments
[80 FR 44254, July 27, 2015]