Commission Regulation (EEC) No 2907/92 of 6 October 1992 amending Regulation (EEC) No 2824/88 laying down certain detailed rules for the application of the system of maximum guaranteed quantities in the tobacco sector

• CELEX: Regulation (EEC) No 2907/92
• Articles: 2

Article 1

Regulation (EEC) No 2824/88 is amended as follows:

1. the second subparagraph of Article 2 (1) is replaced by the following:

'However, the reduction may not exceed 23 % for the 1992 harvest.'

2. Article 3 (1) is replaced by the following:

'1. Until actual production has been determined as provided for in Article 1, not more than 77 % of the amounts fixed for the intervention prices and premiums for the 1992 harvest may be paid. However, at the discretion of the Member State, 100 % of those prices and premiums may be paid if a security equal to 23 % is lodged for the 1992 harvest.'

3. in Article 4, the first two indents are replaced by the following:

'- in the case referred to in Article 7 (2) (a), the security shall be increased by 23 % or the advance shall be reduced by 23 % for the 1992 harvest,

- in the case referred to in Article 7 (2) (b), a security of 23 % of the premium for the 1992 harvest shall be lodged, or the advance shall be reduced by the abovementioned percentage for this harvest.'

Article 2

This Regulation shall enter into force on the third day following its publication in the Official Journal of the European Communities.

It shall apply from the 1992 harvest. This Regulation shall be binding in its entirety and directly applicable in all Member States.

Done at Brussels, 6 October 1992. For the Commission

Ray MAC SHARRY

Member of the Commission

(1) OJ No L 94, 28. 4. 1970, p. 1. (2) OJ No L 91, 7. 4. 1992, p. 1. (3) OJ No L 91, 7. 4. 1992, p. 2. (4) OJ No L 254, 14. 9. 1988, p. 9. (5) OJ No L 350, 19. 12. 1991, p. 31.