Commission Regulation (EC) No 2277/95 of 28 September 1995 on the conditional extension of the validity of import licences issued upon the allocation of the first tranche of the 1995 quantitative quotas for certain products originating in the People' s Republic of China

COMMISSION REGULATION (EC) No 2277/95 of 28 September 1995 on the conditional extension of  the validity of import licences issued upon the allocation of the first tranche of the 1995  quantitative quotas for certain products originating in the People's Republic of China
THE COMMISSION OF THE EUROPEAN COMMUNITIES
,
Having regard to the Treaty establishing the European Community,
Having regard to Council Regulation (EC) No 520/94 of 7 March 1994 establishing a Community  procedure for administering quantitative quotas, and in particular Article 17 (2) thereof  (1),
Whereas Commission Regulation (EC) No 2459/94  (2) establishes administrative procedures for the  first tranche of the 1995 quantitative quotas for certain products originating in the People's  Republic of China; whereas under the provisions of Article 7 of this Regulation the import licences  covering this tranche are valid for nine months, starting on 1 January 1995;
Whereas Commission Regulation (EC) No 2801/94  (3), as last amended by Regulation (EC) No 3807/94   (4), establishes the quantities to be allocated to importers from the first tranche of the 1995  quotas;
Whereas in view of the special nature of transactions concerning products subject to quota, and in  order to guarantee optimum use of the quotas, it would seem advisable to authorize the competent  national authorities, at the request of the importers concerned, to extend to 31 December 1995 the  validity of licenses issued pursuant to the provisions of Regulation (EC) No 2801/94 where at least  60  % of the amount covered by the licences has been used up by the expiry date of 30 September  1995 or where the licences cover products on their way to the Community by the expiry date,  provided that the destination of such products cannot be changed;
Whereas these measures are in accordance with the opinion of the Committee for the administration  of quotas set up under Article 22 of Regulation (EC) No 520/94,