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Council Regulation (EC) No 312/2003 of 18 February 2003 implementing for the Community the tariff provisions laid down in the Agreement establishing an association between the European Community and its Member States, of the one part, and the Republic of Chile, of the other part article 2 CELEX: 02003R0312-20130701 1. The Commission shall open annual tariff quotas for the products originating in Chile set out in the Annex. The customs duties on these products shall be reduced to the levels provided for and within the limits of the tariff quotas specified in that Annex. 2. The reductions of duty referred to in the Annex are expressed as a percentage of the customs duties effectively applied to goods originating in Chile outside the tariff quotas provided for in the Annex when declared for release for free circulation. 3. The tariff quotas referred to in the Annex shall be opened each year for a 12-month period from 1 January. However, in 2003 and except for the quota referred to in Article 4(2), the volume of these quotas shall be reduced by the number of twelfths corresponding to the calendar months before this Regulation enters into force. 4. A tariff quota falling within a tariff elimination category set out in Annex I to the Agreement shall end when the preferential duty is completely eliminated in accordance with its timetable. |