a charge applied at import or export to adjust price levels and prevent currency fluctuations in agricultural trade between a new member state of the European Union and the rest of the Union during a transitional period
The import or export licence shall constitute authorization and give rise to an obligation respectively to import or to export under the licence, and, except in case of force majeure, during its period of validity, the specified quantity of the relevant product. Such licence shall or may as the case requires include provision for advance fixing of the levy or refund, the monetary compensatory amount and the accession compensatory amount under the conditions laid down by the rules relating to the relevant sector.
