The Customs and Excise (Positive Monetary Compensatory Amounts) Regulations 1980

• Citation: S.I. 1980/927
• Sections: 2

Section 1 Citation and commencement

These Regulations may be cited as the Customs and Excise (Positive Monetary Compensatory Amounts) Regulations 1980 and shall come into operation on 1st August 1980.

Section 2 Payment to the Intervention Board of sums equivalent to positive monetary compensatory amounts

Of the amounts standing to the credit of the General Account of the Commissioners there shall be paid by them, from time to time as they shall decide, to the account of the Intervention Board for Agricultural Produce such sums as they determine are equivalent to the amounts paid to them as monetary compensatory amounts charged on goods imported on or after 1st August 1980 into the United Kingdom from another member State of the Economic Community.