Article 49 Non-eligible costs

debts and debt service charges (interest);

provisions for losses or liabilities;

costs declared by the beneficiary and already financed by the Union budget;

purchases of land or buildings for an amount exceeding 10 % of the eligible expenditure of the project concerned;

exchange-rate losses;

duties, taxes and charges, including VAT, except where non-recoverable under the relevant national tax legislation, unless otherwise provided in appropriate provisions negotiated with CBC partner countries;

loans to third parties;

fines, financial penalties and expenses of litigation;

contributions in kind as defined in Article 14(1).