EUR-Lex - 31978D0472 - EN

ARTICLE 1

THE MEMBER STATES SHALL CONFER ON THE ' JOINT EUROPEAN TORUS ( JET ), JOINT UNDERTAKING ' , AS LONG AS IT EXISTS , AND WITHIN THE SCOPE OF ITS OFFICIAL ACTIVITIES THE FOLLOWING ADVANTAGES PROVIDED FOR IN ANNEX III TO THE TREATY :

PARAGRAPH 4 OF ANNEX III :

EXEMPTION FROM ALL DUTIES AND CHARGES LEVIED UPON ACQUISITION OF IMMOVABLE PROPERTY AND FROM ALL REGISTRATION AND RECORDING CHARGES .

PARAGRAPH 5 :

EXEMPTION FROM ALL DIRECT TAXES TO WHICH THE JOINT UNDERTAKING , ITS PROPERTY , ASSETS AND REVENUE MIGHT OTHERWISE BE LIABLE .

PARAGRAPH 6 :

EXEMPTION FROM ALL CUSTOMS DUTIES AND CHARGES HAVING EQUIVALENT EFFECT AND FROM ALL PROHIBITIONS AND RESTRICTIONS ON IMPORTS OR EXPORTS , WHETHER OF AN ECONOMIC OR OF A FISCAL NATURE , WITH REGARD TO :

( A ) SCIENTIFIC AND TECHNICAL EQUIPMENT , EXCLUDING BUILDING MATERIALS AND EQUIPMENT FOR ADMINISTRATIVE PURPOSES ;

( B ) SUBSTANCES WHICH HAVE BEEN OR ARE TO BE PROCESSED IN THE JOINT UNDERTAKING .

PARAGRAPH 7 :

WITHIN THE SCOPE OF PARAGRAPH 7 THE JOINT UNDERTAKING MAY TRANSFER WITHOUT RESTRICTION IN THE CURRENCY OF A MEMBER STATE ITS HOLDINGS IN THE CURRENCY OF ANOTHER MEMBER STATE , TO THE EXTENT NECESSARY TO ENABLE THEM TO BE USED FOR THE OBJECTS OF THE JOINT UNDERTAKING . THE JOINT UNDERTAKING MAY FREELY MAKE USE OF AMOUNTS IN THE CURRENCIES OF NON-MEMBER STATES DERIVED FROM THE CONTRIBUTIONS OF ITS MEMBERS .

ARTICLE 2

THIS DECISION IS ADDRESSED TO THE MEMBER STATES AND TO THE ' JOINT EUROPEAN TORUS ( JET ), JOINT UNDERTAKING ' .

DONE AT BRUSSELS , 30 MAY 1978 .

FOR THE COUNCIL

THE PRESIDENT

I . NOERGAARD