Title, commencement and interpretation1
1
These Regulations may be cited as the Agricultural Levies (Terms of Payment) Regulations 1990 and shall come into force on 1st July 1990.
2
In these Regulations—
“amount of duty” means an amount of export duties resulting from a customs debt;
“the Board” means the Intervention Board for Agricultural Produce established under section 6 of the European Communities Act 1972;
“the Council Regulation” means Council Regulation (EEC) No. 1854/89 on the entry in the accounts and terms of payment of the amounts of the import duties or export duties resulting from a customs debt3;
“the specified rate” means the rate of one percentage point above the sterling three month London interbank offered rate.
3
Other expressions used in these Regulations have, insofar as the context admits, the same meanings as in the Council Regulation.
4
In these Regulations any reference to a numbered Article is a reference to the Article so numbered in the Council Regulation.