Commission Regulation (EEC) No 2712/89 of 7 September 1989 amending Regulation (EEC) No 1432/88 laying down detailed rules for applying the co-responsibility levy in the cereals sector

• CELEX: Regulation (EEC) No 2712/89
• Articles: 3

Article 1

Regulation (EEC) No 1432/88 is amended as follows:

1. Article 2 (1) and (2) are replaced by the following:

'1. For the purposes of this Regulation the co-responsibility levies provided for in Article 1 shall be due at the time:

- of delivery, in the case of placing on the market as referred to in the first subparagraph of Article 1 (2) within the same Member State.

- of acceptance of the declaration for export from the customs territory of the Community or of the consignment to anoter Member State, in the case of export or consignment by a producer respectively,

- of acceptance of the warrant of entitlement, in the case referred to in the second subparagraph of Article 1 (2) .

As regards the declaration of consignment to another Member State referred to in the second indent, the Benelux countries shall be deemed to be a single Member State.

2. The operative event within the meaning of Article 5 of Regulation (EEC) No 1676/85 for the co-responsibility levies provided for in Article 1 shall be deemed to have occurred on 1 July of the marketing year in question.'

2. The words 'before the beginning of the marketing year' in the first sentence of the second subparagraph of Article 3 (2) are deleted.

3. In Article 3 (4) the words 'in force' are replaced by the word 'applied'.

4. In the third subparagraph of Article 4 (1) the words 'fifteeenth day' are replaced by the words 'thirtieth day'.

5. The following Article 4 (4) is added.

'4. Any delay in payment beyond the time limit set shall give rise to payment by the operator concerned of interest on the overdue payments calculated for the entire period af delay using a rate which is to be determined by the Member State. This rate may not be lower than the reference interest rate referred to in Annex II. Increased by one percentage point, prevailing in the Member State concerned on the day of expiry of the time limit referred to above. Member States may waive the interest on overdue payments if the amount thereof does not exceed ECU 20.'

6. The Annex annexed hereto in hereby added as Annex II and the existing Annex hereby becomes Annex I.

Article 2

This Regulation shall enter into force on the third day following that of 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, 7 September 1989.

For the Commission

Ray MAC SHARRY

Member of the Commission

(1) OJ No L 281, 1. 11. 1975, p. 1.

(2) OJ No L 180, 27. 6. 1989, p. 1.

(3) OJ No L 164, 24. 6. 1985, p. 1.

(4) OJ No L 153, 13. 6. 1987, p. 1.

(5) OJ No L 131, 27. 5. 1988, p. 37.

(6) OJ No L 343, 13. 12. 1988, p. 21.

Schedules & Appendices

ANNEX

'ANNEX II

Reference interest rates referred to in Article 4 (4)

1. Belgium:

Brussels interbank borrowing offered rate three months

2. Denmark:

Yield on issue of 12-month Treasury bonds

3. Germany:

Frankfurt interbank borrowing offered rate three months

4. Greece:

Yield on issue of three-month Treasury bonds

5. France:

Paris interbank borrowing offered rate three months

6. Spain:

Madrid interbank borrowing offered rate three months

7. Ireland:

Dublin interbank borrowing offered rate three months

8. Italy:

Yield on issue of three month Treasury bonds

9. Luxembourg:

Interbank rate three months

10. Netherlands:

Amsterdam interbank borrowing offered rate three months

11. Portugal:

Lisbon interbank borrowing offered rate three months

12. United Kingdom:

London interbank borrowing offered rate three months'