CELEX: 51977PC0527
Language: en
Date: 1977-10-26
Title: Proposal for a COUNCIL REGULATION (EEC) amending Regulation (EEC) No 316/77 concerning the application of an anti-dumping duty on chains, for cycles and motor cycles, originating in Taiwan (submitted to the Council by the Commission)

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COM (77) 527
Vol. 1977/0169
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 ---pagebreak--- COMMISSION OF THE EUROPEAN COMMUNITIES
                                               COM(77 ) 527 final.
                                               Brussels . 26 October 1977
                            Proposal for a
                        COUNCIL REGULATION (EEC )
  amending Regulation (EEC ) NO 316/77 concerning the application
  of an anti-dumping duty on chains , for cycles and motor cycles ,
                         originating in Taiwan         <■
            ( submitted to the Council by the Commission)
 COM(77 ) 527 final
 ---pagebreak---                           EXPLANATORY MEMORANDUM
           The Council , by Regulation ( EEC ) N° 316/77 of 14 February 1977 »
  imposed an anti-dumping duty on cycle and motor cycle originating in
  Taiwan .
           The amount of this duty corresponds to the difference "between
 1.39 units of account and the declared value ( per kilogram net ) .
           The rates of conversion of the European unit of account into
 national currencies are indioated in the first article of the Regula­
 tion . As these rates have been subjected to ohanges because of mone­
 tary fluctuations , it is desirable to make a con sequent ional amendment
to the Regulation .
           It is , therefore , proposed to the Council that the first
 article of the Regulation be amended by replacing the conversion
 rates given by those which reflect current values of the European
 unit of aocount .
          Moreover , it is desirable , for practical reasons , for the
 Council to authorise the Commission to proceed , in case of need , to
 make similar amendments to these conversion rates .
 ---pagebreak---                                Proposal for
            Council Regulation ( EEC )
                               amending Regulation ( EEC ) N° 316/77
            concerning the application of an anti-dumping duty on
            chains , for cycles and motor cyoles , originating in
            Taiwan
 THE COUNCIL OP THE EUROPEAN COMMUNITIES ,
Having regard to the Treaty establishing the European Economic Community ,
Having regard to Council Regulation ( EEC ) N° 459/68 of 5 April 1968 on
protection against dumping or the granting of bounties or subsidies by
countries which are not members of the European Economic Community ( l ),
as amended by Regulation ( EEC ) N° 2011/73 ( 2 ) and EEC N° 1411/77 ( 3 ),
and in particular Article 18 thereof^
Having regard to the proposal from the Commission , made after having
heard the opinions expressed in the Advisory Committee Bet up under the
said Regulation ,
Whereas , by Council Regulation ( EEC ) N° 316/77 of 14 February 1977 ( 4)
a definitive anti-dumping duty was imposed on chains for cycles and motor
cycles originating in Taiwan ;
Whereas the amount of such duty corresponds to the difference between
the declared value of these produots and 1.39 European units of account
converted into national currencies in accordance with the rates established
in Regulation ( EEC ) N° 316/77 ?
Whereas , the rates of conversion of the European unit of account into
the national currencies have changed because of monetary fluctuations and
 the Regulation must therefore be amended accordingly ;
HAS ADOPTED THIS REGULATION 1
                                 Article 1
The rates of conversion in national currencies set out in Article 1 of
Regulation ( EEC ) N° 316/77 are replaoed by the following ;
Belgian and Luxembourg franc                                    40,7860
German mark                                                      2,64590
Dutch guilder                                                    2,80321
Pound sterling                                                   0,651768
Danish krone                                                     7,02736
French frano                                                     5 > 61020
Italian lira                                                  1004,91
Irish pound                                                      0,651768
United States dollar                                        •    1,13657
( 1 ) OJ N° L 93 , 17.4.1968 , p.l .
( 2 ) OJ N° L 206 , 27.7.1973 , p. 3 .
( 3 ) OJ N° L 160 , 30.6.1977 , P. 4.
( 4 ) OJ No L 45 , 17.2.1977 , p. 4 »
 ---pagebreak---                               - 2 -
                             Article 2
The Commission is hereby authorized , if the need should arise , to
take steps , under a procedure analogous to that provided for in
Article 18(2) of Regulation 459/68 , to adjust the rates of conversion
set out in Article 1 to take account of further currency changes .
                             Article 3
This Regulation shall enter into force on the tenth day following its
publication in the Official Journal of the European Communities .
This Regulation shall be binding in its entirety and directly
applicable in all Member States .
Done at Brussels                          For the Council
                                          The President
                     \