For products falling within Chapters 25 to 99 of the Common Customs Tariff, originating in and coming from the Faroe Islands: - customs duties on imports and charges having an equivalent effect applicable in the Community as originally constituted and in Ireland shall be reduced:to 60 % of the basic duty from 1 September 1974,to 40 % of the basic duty from 1 January 1975,to 20 % of the basic duty from 1 January 1976;- no new duty shall be introduced for imports into the United Kingdom. 1. Customs duties on imports into the Community as originally constituted of certain products falling under heading Nos 03.01, 03.02, 03.03, 16.04, 16.05 and 23.01 of the Common Customs Tariff, listed in Annex I, originating in and coming from the Faroe Islands, shall be reduced to the level indicated in each case.2. Customs duties on imports into the United Kingdom of certain products falling under heading No 03.01, 03.02, 03.03, 16.04, 16.05 and 23.01 of the Common Customs Tariff, listed in Annex II, originating in and coming from the Faroe Islands, shall be reduced to the level indicated in each case.3. Customs duties on imports into Ireland of certain products falling under heading Nos 03.01, 03.02, 03.03, 16.04, 16.05 and 23.01 of the Common Customs Tariff, listed in Annex III, and originating in and coming from the Faroe Islands, shall be reduced to the level indicated in each case.4. The application of the reductions provided for in paragraphs 1, 2 and 3 shall be dependent upon the Faroe Islands observing the reference prices fixed or to be fixed by the Community for fisheries products. 1. For each product, the basic duty on which the progressive reductions provided for in Article 1 shall be based, shall be the duty actually in force on 1 January 1972.2. The reduced duties calculated in accordance with Article 1 shall be rounded off to the first decimal point.Dependent upon the application by the Community of Article 39 (5) of the Act of Accession, for the  (1)OJ No L 73, 27.3.1972, p. 163.specific duties or the specific portion of the combined duties of the Irish Customs Tariff, Article 1 shall be applied by rounding off to the fourth decimal point. This Regulation shall not apply:    - to products referred to in Council Regulation (EEC) No 2682/72 (1) of 12 December 1972 laying down general rules for granting export refunds on certain agricultural products exported in the form of goods not covered by Annex II to the Treaty, and the criteria for fixing the amount of such refunds;- to products referred to in Council Regulation No 170/67/EEC (2) of 27 June 1967 on the common system of trade for ovalbumin and lactalbumin and repealing Regulation No 48/67/EEC. 1. For the purpose of applying this Regulation the concept of original products is defined according to the procedure provided for in Article 14 of Council Regulation (EEC) No 802/68 (3) of 27 June 1968 on the common definition of the concept of the origin of goods, dependent upon the special rules set out in Annex IV and the provisions of paragraph 2.2. Application of the tariff reductions for the products referred to in this Regulation shall be conditional upon the production of a certificate, an example of which is reproduced in Annex V. This certificate shall be issued by the authorities of the Faroe Islands when the goods to which it refers are exported.3. Article 2 shall apply to products coming under the common organization of the market in fishery products which are imported into Denmark under the conditions provided for in Article 1 of Protocol No 2 annexed to the Act of Accession and re-exported to other Member States either unaltered or in the form of products falling within heading Nos 03.01, 03.02 and 03.03 of the Common Customs Tariff. This Regulation shall enter into force on 1 September 1974.This Regulation shall be binding in its entirety and directly applicable in all Member States.
Output: Regulation (EEC) No 2051/74 of the Council of 1 August 1974 on the customs procedure applicable to certain products originating in and coming from the Faroe Islands