Judgment_paragraph 41 · 133/84

41Regulation (EEC) No 1134/68 of the Council of 30 July 1968 laying down rules for the implementation of Regulation (EEC) No 653/68 on conditions for alterations to the value of the unit of account used for the common agricultural policy (Official Journal, English Special Edition, 1968 (II), p. 396) provides in Article 4 (2) that, ‘for transactions carried out pursuant to provisions on the common agricultural policy..., the sums owed to or by a Member State, ... expressed in national currency and representing amounts fixed in those provisions in units of account, shall be paid on the basis of the relationship between the unit of account and the national currency which obtained at the time when the transaction or part transaction was carried out’. Article 6 provides that, ‘for the purposes of this regulation, the time when a transaction is carried out shall be considered as being the date on which occurs the event, as defined by Community rules or, in the absence of and pending adoption of such rules, by the rules of the Member State concerned, in which the amount involved in the transaction becomes due and payable’.

United Kingdom of Great Britain and Northern Ireland v Commission of the European Communities (133/84)

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