NoL29/16 OfficialJournaloftheEuropeanCommunities 1.2.73
REGULATION (EEC)No240/73OFTHECOUNCIL
of31January1973
layingdowngeneralrulesforthesystemofcompensatory amountsforplaice
whereasthisadjustmentmaybemadebymeans
ofcoefficientscalculatedonthebasisofthosefixed
intheframeworkofthesystemofwithdrawalprices
forthecommonorganizationofthemarkets;
WhereasArticle55(4)oftheActlaysdownthat
nocompensatory amountshallbefixedifthecal­
culationthereofresultsinaminimalamount;
whereasitis,therefore,desirablethattheminimum
amounttobeadoptedinthateventualityshouldbe
fixed;
Whereas,sincetheaimofcompensatory amounts
inintra-Community tradeistoallowmovement
ofproductsonsatisfactorytermsbetweentwo
MemberStatesinwhichtherearedifferentprice
levels,acompensatory amountshouldbeleviedin
thecaseofimportsintotheMemberStatewhichhas
ahigherlevelofprices,inthiscaseIreland,and,
conversely,suchanamountshouldbegrantedin
thecaseofexportsfromIrelandtotheother
MemberStateswhichhavealowerpricelevel;
WhereasArticle55(1)(a)oftheActlaysdown
thatcompensatory amountsshallbeleviedbythe
importingMemberStateorgrantedbytheexport­
ingMemberState;whereasthetaskoflevyingor
grantingtheseamountsfallsthereforetotheMem­
berStateinwhichthepricelevelisthehigher,in
thiscaseIreland;
Whereasthefixingofthedetailedrulesforlevying
andgrantingcompensatory amountsshouldbe
plannedinsuchawayastoavoiddistortionsoftrade;THECOUNCILOFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreaty(')concerningtheAc­
cessionofnewMemberStatestotheEuropean
EconomicCommunityandtheEuropeanAtomic
EnergyCommunity,signedatBrusselson22Janu­
ary1972,andinparticularArticle62(1)oftheAct
annexedthereto;
HavingregardtotheproposalfromtheCommis­
sion;
WhereasArticles51and52oftheActlaydown
thatinrespectofthenewMemberStates,the
pricesshallbefixedatailevelwhichmaybedif­
ferentfromthatofthecommonprices;whereasin
respectoffisheryproductsaguidepricehasbeen
fixedwhichisdifferentfromthecommonguide
prices;whereasthispriceisvalidinIrelandfor
plaice;
WhereasunderthetermsofArticle55oftheAct
differencesinpricesaretobecompensated bya
systemofcompensatory amounts;
Whereas,underthesecircumstances ,thecompen­
satoryamountsapplicableintradewithIrelandare
equaltothedifferencebetweenthepricesfixedfor
thatStateandthecommonprices,andwhereasthe
differencemustbeadjustedinsofarasisnecessary
bytheincidenceofcustomsduties;
Whereas,intradebetweenIrdandandthirdcoun­
triesthisincidenceisnottobetakenintoaccount,
therateofcustomsdutiesleviedbythisnew
MemberStateinrespectofthesecountriesbeing
identicaltothatappliedinrespectofthelatterby
theCommunityasoriginallyconstituted ;
Whereas,intheremainderofIreland'strade,this
incidencemustbecalculatedasaflatrateonthe
basisoftheguide.pricesandtakinginto
accountthat,incaseswherethecompensatory
amountisgranted,thepricesoftheimporting
countryalreadyincludethecustomsduty;
Whereas,inrespectofplaicemeetingcommercial
specifications otherthanthosetakenintoaccount
whentheguidepriceswerefixed,theguideprices
usedincalculatingthecompensatory amountmust
beadjustedaccordingtothedifferencesinquality;HASADOPTED THISREGULATION :
Article1
Thecompensatoryamountsinrespectofplaicefal­
lingwithinheading03.01Bio)1oftheCommon
CustomsTariffshallbesubjecttothefollowing
rules.
Article2
1.IntradebetweenIrelandandtheothernew
MemberStatesandintradebetweenIrelandand
theCommunityasoriginallyconstituted,thecom­
pensatoryamountsshallbecomposedoftwoele­
ments: (!)OJNoL73,27.3.1972,p.5.

1.2.73 OfficialJournaloftheEuropeanCommunities NoL29/17
(a)thebasiccompensatoryamount,hereinaftercalled
'basicamount',
(b)theincidenceofthecustomsduty.
2.IntradebetweenIrelandandthirdcountriesthe
incidenceofthecustomsdutyshallnott?etakeninto
accountincalculatingthecompensatory amount.MemberStatetotheamountwhichwouldtherefore
beincreasedandwouldreachthelevelofthecom­
monguideprice.
2.Whereotherproductsfallingwithintariffhead­
ing03.01BIo)1areexportedfromIrelandtothe
othernewMemberStatesandtheCommunity as
originallyconstituted,theincidenceofthecustoms
dutyshallbeestablishedinaccordancewithpara­
graph1andtheguidepriceshallbeadjustedby
qualityconversionfactors. Articlei
Article6
ThequalityconversionfactorsreferredtoinArticle3
(2),Article4(2)andArticle5(2)shallbeestablished
onthebasisofthosedeterminedforthepurposesof
applyingArticle10ofCouncilRegulation (EEC)
No2142/70(')of20October1970onthecommon
organizationofthemarketinfisheryproductsas
lastamendedbytheAct.1.Inrespectofplaicemeetingthecommercial
specifications oftheproductwhichservedasthe
basisforestablishingtheguideprice,thebasic
amountand,intradebetweenIrelandandthird
countries,thecompensatory amount,shallbeequal
tothedifferencebetweentheguidepriceforplaice
fixedforIrelandandthecommonguidepricefor
thisproduct.
2.Inrespectofotherproductsfallingwithintariff
heading03.01BIo)1,theamountsreferredtoin
paragraph1shallbeequaltothedifferenceindicated
inthatparagraph,adjustedbyqualityconversion
factors.
3.Theincidenceofthecustomsdutyshallbea
flatrateamountreflectingtheeffectoftheapplica­
tionofcustomsdutiesonthepriceoftheimported
product.Article7
1.ForimportsintoIrelandfromtheothernew
MemberStatesandtheCommunityasoriginally
constituted,thebasicamountshallbereducedbythe
incidenceofthecustomsduty.
2.ForexportsfromIrelandtotheothernew
MemberStatesandtheCommunityasoriginally
constitutedthebasicamountshallbeincreasedby
theincidenceofthecustomsduty.Article4
Article8
Irelandshalllevythecompensatory amountson
importsandgrantthecompensatory amountsonex­
ports.Inthelattercasethesewillbeinadditionto
theexportrefunds.1.Whereplaicewhichmeetsthecommercialspeci­
ficationsoftheproductwhichservedasthebasis
forestablishingtheguidepriceisimportedintoIre­
landfromtheothernewMemberStatesandthe
Communityasoriginallyconstituted,theincidence
ofthecustomsdutyshallbeestablishedbyadjusting
thecommonguidepricebythecustomsdutyapplied
byIrelandtoimportsfromthesamecountries.
2.Wheretheotherproductsfallingwithintariff
heading03.01BIo)1areimportedintoIreland
fromtheothernewMemberStatesandtheCom­
munityasoriginallyconstituted,theincidenceofthe
customsdutyshallbeestablishedinaccordancewith
paragraph1and,inaddition,theguidepriceshall
beadjustedbyqualityconversionfactors.Article9
1.Iftheincidenceofthecustomsdutyper100
kilogrammes islessthanoneunitofaccount,the
compensatory amountshallbeequaltothebasic
amount.
2.Nocompensatoryamountshallbefixedbelow
0*5unitsofaccountper100kilogrammes . ArticleS
Article101.Whereplaicewhichmeetsthecommercialspeci­
ficationsoftheproductwhichservedasthebasis
forestablishingtheguidepriceisexportedfrom
IrelandtotheothernewMemberStatesandthe
Communityasoriginallyconstitutedtheincidence
ofthecustomsdutyshallbeestablishedbyapplying
therateofcustomsdutyapplicableintheimportingThecompensatory amounttobeappliedisthatin
forceonthedayofimportationorexportation .
(l)OJNoL236,27.10.1970,p.5.

NoL29/18 OfficialJournaloftheEuropeanCommunities 1.2.73
Article11 2.Thecompensatory amountsshallbefixedin
accordancewiththeprocedurereferredtoinpara­
graph1.
Article121.Thedetailedrulesfortheapplicationofthis
Regulationandthedetailedrulesforgranting,levy­
ingandrecoveringcompensatory amounts,adopted
inparticularinordertopreventdistortionsoftrade,
shallbeadoptedinaccordancewiththeprocedure
laiddowninArticle29ofRegulation (EEC)
No2142/70.ThisRegulationshallenterintoforceontheday
ofitspublicationintheOfficialJournaloftheEuro­
peanCommunities .
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,31January1973.
FortheCouncil
ThePresident
A.LAVENS