Commission Regulation (EC) No 1653/2004 Article 42

Article 42

Further time for payment may be granted by the accounting officer, in liaison with the authorising officer responsible, only on written request, with due indication of the reasons, provided that the debtor undertakes to pay interest for the entire period of time allowed, starting from the date on which the payment was originally due and that, in order to safeguard the rights of the agency, he provides a financial guarantee covering both the principal sum and the interest.

Read the full instrument → · Read this in context: CHAPTER 4 — Revenue operations →

Other provisions in CHAPTER 4 — Revenue operations

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of 2026-07-04

CitationArticle 42 of Commission Regulation (EC) No 1653/2004 (LawPlayer, data as of 2026-07-04)

What to look at next

Commission Regulation (EC) No 1653/2004, full textChapter navigation and full text, so you can read this section in contextEuropean Union legislation EU Legal Acts by type and yearGrouped by instrument type and year of enactment, so you can find others of the same kindBrowse by type and year CHAPTER 4 — Revenue operations — read this in contextThe surrounding text of the act in order, so you can see what comes before and afterChapters and sections