Article 261
Standard exchange system
1. Under the standard exchange system an imported product ('replacement product') may, in accordance with paragraphs 2 to 5, replace a processed product.
2. The customs authorities shall, upon application authorise the standard exchange system to be used where the processing operation involves the repair of defective Union goods other than those subject to measures laid down under the common agricultural policy or to the specific arrangements applicable to certain goods resulting from the processing of agricultural products.
3. Replacement products shall have the same eight-digit Combined Nomenclature code, the same commercial quality and the same technical characteristics as the defective goods had the latter undergone repair.
4. Where the defective goods have been used before export, the replacement products must also have been used.
The customs authorities shall, however, waive the requirement set out in the first subparagraph if the replacement product has been supplied free of charge, either because of a contractual or statutory obligation arising from a guarantee or because of a material or manufacturing defect.
5. The provisions which woufull text
ld be applicable to the processed products shall apply to the replacement products.
Who wrote about this article in the consultations
Filers who named this exact article number in their own text. It is their sentence, not our reading — and not a causal claim.
1
ACADEMIC_RESEARCH_INSTITTUTION
Who
Country
What they wrote
University of Bologna - PhD thesis
IT
bjectives rationally implies and defines the scope of sanctioning action255. In addition, scholars256 have emphasized the role of Article 261 (ex Article 172) through which the competence to impose penalties can be inferred and implicitly recognized since the ↗
Source: public consultation submissions and position papers. n = 1 mentions; counted as a literal reference to the article number.