Recalculation of additional levy payable

Settlement of accounts with members expelled from the Fund

The final balance of the Programme shall be paid:

The proportionate part of such loss shall be made up through pertaining profits in the ensuing period.

Advances are to be recouped by funds for financial balance, defined by the Ministry of Finance for each municipality.

Such advance payments shall not constitute a recognition of liability and may be offset against any amounts subsequently paid as damages by the carrier.

The surplus advances of funds for financial balance in the previous year shall be recouped by funds for financial balance in the current year.

When a request referred to in paragraph 5 has been made, the Competent Institution of the Party making the request will, upon receipt of grant details from the Competent Institution of the other Party calculate the amount of the debt and advise the Competent Institution of the other Party.

(2) A document issued by the body stipulated by law as responsible for the issue of such documents, and transfers or any other appropriate proof of payment or written contract concluded between the investor and relevant body, from which it proceeds that the relevant body and the investor agree that the investor is to pay the charge or contribution levied by the ruling by the stipulated deadline as a one-off sum or by accounting the levied sum and the final settlement shall be deemed to be the evidence specified in point 5 of the previous paragraph.

HIGGINS. The police shall take you up.

In the case of excise-duty exemption, it was found that the duty paid on purchases by a non-EOU unit is credited as a drawback (CENVAT) and is utilised towards payment of excise duty on domestic sales.

Any deficit or surplus arising during the financial year must be cleared the following year in the course of the budget's implementation.

Where proof of entitlement to a refund is provided in respect of products eligible under this chapter, the advance and the sum payable shall be set off against each other.

In the case of an advance payment followed by a balance payment, the quantity must be shown in the record of the advance payment.

Every record, be it the advance or balance payment or other, that can be related to a particular inspection, shall have the appropriate code (see below) in field F600.

The Secretary-General shall render an accounting to the Parties of the deposits received and return any unexpected balance to the Parties or request a final payment taking into account the decision of the conciliator as to the apportionment of costs.

(106) In the case of excise-duty exemption, it was found that the duty paid on purchases by a non-EOU unit is credited as a drawback (CENVAT) and is utilised towards payment of excise duty on domestic sales.

If it emerges from the final calculation that the amount of import duty which has been entered in the accounts is too high, or that, in spite of the increase effected in accordance with paragraph 2, the amount of import duty entered in the accounts is less than the amount legally due, an adjustment shall be made.

Adjustments to quantities, areas and numbers of animals must be shown in the records covering the balance or subsequent payments.

Any deficit or surplus arising during the financial year must be cleared the following year in the course of the budget's implementation.

Credits thus obtained can be used to offset customs duties normally due on imports of any goods (excluding those on the negative list of imports).

to import any product (except the items listed on the negative list) using the credits to offset the applicable import duties or transfer the licence to a third party.

They claimed that these margins were inflated because any negative amount by which the exporting producer prices undercut those of the Community industry were not offset with any positive amounts.

In relation to area aid applications, irregularities normally affect parts of areas, and overdeclarations in respect of one parcel may be off-set against underdeclarations of other parcels of the same crop-group.

This amount shall be off-set against aid payments under the bovine aid schemes to which the farmer is entitled in the context of applications he lodges in the course of the three calendar years following the calendar year of the finding.

'As a general rule, Community financial assistance granted for projects under this programme is intended partially to offset the estimated cost necessary to carry out the activities concerned and may cover a maximum period of three years, subject to a periodic review of progress achieved.

This amount shall be off-set against aid payments under any of the aid schemes referred to in Article 1(1) of Regulation (EEC) No 3508/92 to which the farmer is entitled in the context of applications he lodges in the course of the three calendar years following the calendar year of the finding.

procurement rules which are endorsed by the Commission as meeting requirements of Title IX of the Financial Regulation applicable to the general budget of the European Communities;

NETTING AND TRANSFER ORDERS

In the case of excise-duty exemption, it was found that the duty paid on purchases by a non-EOU unit is credited as a drawback (CENVAT) and is utilised towards payment of excise duty on domestic sales.

It may also be made by adjustment of credit balance where the provisions in force so allow.

Prefinancing shall count in full or in part against the interim payments.

The entire prefinancing and interim payments shall count against the payment of balances.

Whereas rules on finality of netting should not prevent systems testing, before the netting takes place, whether orders that have entered the system comply with the rules of that system and allow the settlement of that system to take place;

Whereas the Lamfalussy report of 1990 to the Governors of the central banks of the Group of Ten Countries demonstrated the important systemic risk inherent in payment systems which operate on the basis of several legal types of payment netting, in particular multilateral netting;

Acting in accordance with the procedure laid down in Article 189b of the Treaty (4), (1) Whereas the Lamfalussy report of 1990 to the Governors of the central banks of the Group of Ten Countries demonstrated the important systemic risk inherent in payment systems which operate on the basis of several legal types of payment netting, in particular multilateral netting;

Whereas transfer orders and their netting should be legally enforceable under all Member States' jurisdictions and binding on third parties;

No law, regulation, rule or practice on the setting aside of contracts and transactions concluded before the moment of opening of insolvency proceedings, as defined in Article 6(1) shall lead to the unwinding of a netting.

"As a general rule, Community financial assistance granted for projects under this programme is intended partially to offset the estimated cost necessary to carry out the activities concerned and may cover a maximum period of three years, subject to a periodic review of progress achieved.

Transfer orders and netting shall be legally enforceable and, even in the event of insolvency proceedings against a participant, shall be binding on third parties, provided that transfer orders were entered into a system before the moment of opening of such insolvency proceedings as defined in Article 6(1).

'netting` shall mean the conversion into one net claim or one net obligation of claims and obligations resulting from transfer orders which a participant or participants either issue to, or receive from, one or more other participants with the result that only a net claim can be demanded or a net obligation be owed;

Whereas nothing in this Directive should prevent a participant or a third party from exercising any right or claim resulting from the underlying transaction which they may have in law to recovery or restitution in respect of a transfer order which has entered a system, e.g. in case of fraud or technical error, as long as this leads neither to the unwinding of netting nor to the revocation of the transfer order in the system;

the beneficiaries inform the authorising officer responsible of the amount of any interest or equivalent benefits yielded by those funds at least once a year if such interest represents significant amounts and in any event whenever requests are made for interim payments or payments of balances that clear the pre-financing.

The guarantee shall be released as the pre-financing is gradually cleared against interim payments or payments of balances to the beneficiary in accordance with the conditions laid down in the grant agreement.

The no-netting principle means that receivables and debts may not be offset against each other, nor may charges and income, save where charges and income derive from the same transaction, from similar transactions or from hedging operations and provided that they are not individually material.