31978R0651

1 . 4 . 78 No L 86/41 Official Journal of the European Communities

COMMISSION REGULATION (EEC) No 651 /78 of 31 March 1978 on the obligatory alterations to be made to monetary compensatory amounts fixed in advance

THE COMMISSION OF THE EUROPEAN — applicable at the time of completion of the COMMUNITIES, customs import or export formalities, and — fixed before the submission of the application for Having regard to the Treaty establishing the European Economic Community, advance fixing of the monetary compensatory amount . Having regard to Council Regulation (EEC) No 974/71 of 12 May 1971 on certain measures of 2. The amounts of the adjustments provided for in conjunctural policy to be taken in agriculture paragraph 1 shall be fixed in accordance with the following the temporary widening of the margins of procedure for fixing monetary compensatory amounts. fluctuation for the currencies of certain Member States ( J ), as last amended by Regulation (EEC) No 3 . In the case of products not included in Annex II 557/76 (2), and in particular Article 6 thereof, to the Treaty, the monetary compensatory amounts Whereas Commission Regulation (EEC) No 243/78 of fixed in advance shall be adjusted in accordance with 1 February 1978 (3), provides for the advance fixing of the rules for adjusting the monetary compensatory monetary compensatory amounts ; whereas Article 7 amount applicable to the basic product covered by the thereof states that monetary compensatory amounts advance fixing certificate, which is taken into consider­ fixed in advance shall be adjusted under certain condi­ ation when deciding on the date of the advance fixing. tions ; whereas it is necessary to define how such adjustments will take place ; Article 2 Whereas the measures provided for in this Regulation are in accordance with the opinions of all the relevant management committees, The adjustment under Article 7 ( 1 ) of Regulation (EEC) No 243/78 shall be altered where there is an adjustment under Article 7 (2) thereof. HAS ADOPTED THIS REGULATION :

Article 1 Article 3 1 . The adjustments referred to in Article 7 ( 1 ) of Regulation (EEC) No 243/78 shall be made on the This Regulation shall enter into force on 3 April 1978 . basis of the representative rate :

This Regulation shall be binding in its entirety and directly applicable in all Member States .

Done at Brussels, 31 March 1978 .

For the Commission

Finn GUNDELACH Vice-President

(») OJ No L 106, 12. 5. 1971 , p. 1 . (2) OJ No L 67, 15. 3 . 1976, p. 1 . (3) OJ No L 37, 7 . 2. 1978 , p . 5.