# Commission Regulation (EC) No 115/2007 of 7 February 2007 amending Regulation (EC) No 60/2004, as regards the assignment to the Community budget of the amounts charged for the quantities of surplus sugar not eliminated from the market, Article 1

Extent: E+W+S+N.I.

In Article 7, paragraph 2 of Regulation (EC) No 60/2004 is replaced by the following:
‘2. In case the proof of elimination from the market is not provided in accordance with paragraph 1, for a part or the totality of the surplus quantity, the new Member State shall be charged an amount equal to the quantity not eliminated multiplied by the highest export refunds applicable to white sugar falling within CN code 1701 99 10 during the period from 1 May 2004 to 30 November 2005. A share equal to 25 % of the total amount shall be assigned to the Community budget by 31 January 2007, 31 December 2007, 31 December 2008 and 31 December 2009 at the latest. The total amount shall be taken into account for the calculation of the production levies for the marketing year 2005/06.’

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Source: https://www.legislation.gov.uk/eur/2007/115/article/1 (the official version)
Page: https://openlegislation.uk/eu-regulation-2007-115/article-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.