23. 11. 95 Official Journal of the European Communities No L 280/19 COMMISSION REGULATION (EC) No 2697/95 of 21 November 1995 laying down rates of compensatory interest applicable during the first half of 1996 to customs debts incurred in relation to compensating products or goods in the unaltered state (inward processing relief arrangements and temporary importation) THE thfMISSION OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Community, Having regard to Council Regulation (EEC) No 2913/92 of 12 October 1992 establishing the Community Customs Code ('), Having regard to - Commission Regulation (EEC) No 2454/93 of 2 July 1993 laying down provisions for the implementation of Council Regulation (EEC) No 2913/92 establishing the Community Customs Code (3, as last amended by Regulation (EC) No 1762/95 (%), and in parti- cular Article 589 (4) (a) and Article 709 thereof, Whereas Article 589 (4) (a) of Regulation (EEC) No 2454/93 provides that the Commission shall set rates of compensatory interest applicable to customs debts incurred in relation to compensating products or goods in the unaltered state, in order to make up for the unjustified financial advantage arising from the postponement of the date on which the customs debt is incurred in the case of non-exportation out of the customs territory of the Commiunity ; whereas the rates of compensatory interest for the first half of 1996 must be established in accord- ance with the rules laid down in that Regulation, This Regulation shall be binding in its enti States. Done at Brussels, 21 November 1995. () OJ No L 302, 19. 10. 1992, p. 1. () OJ No L 253, 11. 10. 1993, p. 1. () OJ No L 171, 21. 7. 1995, p. 8. HAS ADOPTED THIS REGULATION : Article 1 The annual rates of compensatory interest referred to Articles 589 (4) (a) and 709 (3) (a) of Regulation (EEC) No 2454/93 applicable for the period from 1 January until 30 June 1996 are hereby established as follows : Belgium 530 % Denmark 6,57 % Federal Republic of Germany 4,80 % Greece 17,29 % Spain 9,23 % France 7,04 % Ireland 6,60 % Italy 10,15 % Luxembourg 530 % Netherlands 4,81 % " Austria 4,58 % Portugal 10,37 % Finland 5,96 % Sweden - 8,75 % United Kingdom 6,66 %. Article 2 This Regulation shall enter into force on 1 January 1996. rety and directly applicable in all Member For the Commission Mario MONTI Member of the Commission