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Article 35a Payment of the amount recoveredF1

United Kingdom

Original text. Later amendments are not shown.

1.

Amounts recovered and interest due pursuant to this Chapter shall be paid to the competent paying agency and deducted from expenditure financed by the European Agricultural Guidance and Guarantee Fund.

2.

The interest rate to be applied shall be calculated in accordance with national law, and shall not be lower than the interest rate generally applicable to recovery under the national rules.

Annotations

Textual amendments

F1

Inserted by Commission Regulation (EC) No 444/2004 of 10 March 2004 amending Regulation (EC) No 1535/2003 laying down detailed rules for applying Council Regulation (EC) No 2201/96 as regards the aid scheme for products processed from fruit and vegetables.