CELEX: 31978R0651
Language: en
Date: 1978-03-31 00:00:00
Title: Commission Regulation (EEC) No 651/78 of 31 March 1978 on the obligatory alterations to be made to monetary compensatory amounts fixed in advance

1 . 4 . 78                            Official Journal of the European Communities                           No L 86/41
                                   COMMISSION REGULATION (EEC) No 651 /78
                                                     of 31 March 1978
                 on the obligatory alterations to be made to monetary compensatory amounts
                                                      fixed in advance
THE COMMISSION OF THE EUROPEAN                                   — applicable at the time of completion of the
COMMUNITIES,                                                         customs import or export formalities, and
Having regard to the Treaty establishing the European            — fixed before the submission of the application for
Economic Community,                                                  advance fixing of the monetary compensatory
                                                                     amount .
Having regard to Council Regulation (EEC) No
974/71 of 12 May 1971 on certain measures of                     2. The amounts of the adjustments provided for in
conjunctural policy to be taken in agriculture                   paragraph 1 shall be fixed in accordance with the
following the temporary widening of the margins of               procedure for fixing monetary compensatory amounts.
fluctuation     for the   currencies of certain     Member
States ( J ), as last amended by Regulation (EEC) No
557/76 (2), and in particular Article 6 thereof,                 3 . In the case of products not included in Annex II
                                                                 to the Treaty, the monetary compensatory amounts
Whereas Commission Regulation (EEC) No 243/78 of                 fixed in advance shall be adjusted in accordance with
 1 February 1978 (3), provides for the advance fixing of         the rules for adjusting the monetary compensatory
monetary compensatory amounts ; whereas Article 7                amount applicable to the basic product covered by the
thereof states that monetary compensatory amounts                advance fixing certificate, which is taken into consider­
fixed in advance shall be adjusted under certain condi­          ation when deciding on the date of the advance fixing.
tions ; whereas it is necessary to define how such
adjustments will take place ;
                                                                                         Article 2
Whereas the measures provided for in this Regulation
 are in accordance with the opinions of all the relevant
 management committees,                                          The adjustment under Article 7 ( 1 ) of Regulation
                                                                 (EEC) No 243/78 shall be altered where there is an
                                                                  adjustment under Article 7 (2) thereof.
 HAS ADOPTED THIS REGULATION :
                           Article 1                                                     Article 3
 1 . The adjustments referred to in Article 7 ( 1 ) of
 Regulation (EEC) No 243/78 shall be made on the                  This Regulation shall enter into force on 3 April
 basis of the representative rate :                               1978 .
                 This Regulation shall be binding in its entirety and directly applicable in all Member
                 States.
                  Done at Brussels, 31 March 1978 .
                                                                          For the Commission
                                                                           Finn GUNDELACH
                                                                              Vice-President
 (») OJ No L 106, 12. 5. 1971 , p. 1 .
 (2) OJ No L 67, 15. 3 . 1976, p. 1 .
 (3) OJ No L 37, 7 . 2. 1978 , p . 5.