
Article 1 
From 1 January 2012 to 31 December 2021, the Common Customs Tariff duties applicable to imports into the Canary Islands of capital goods for commercial or industrial use falling under the CN codes listed in Annex I shall be suspended in full.
Those goods shall be used in accordance with the relevant provisions of Regulation (EEC) No 2913/92 and of Regulation (EEC) No 2454/93 for a period of at least 24 months after the release into free circulation by economic operators located in the Canary Islands.
Article 2 
From 1 January 2012 to 31 December 2021, the Common Customs Tariff duties applicable to imports into the Canary Islands of raw materials, parts and components falling under the CN codes listed in Annex II and used for industrial transformation or maintenance in the Canary Islands, shall be suspended in full.
Article 3 
The suspension of duties referred to in Articles 1 and 2 shall be subject to end-use in accordance with Articles 21 and 82 of Regulation (EEC) No 2913/92 and to the controls provided for in Articles 291 to 300 of Regulation (EEC) No 2454/93.
Article 4 

1. Where the Commission has reasons to believe that the suspensions laid down in this Regulation have led to a deflection of trade for a specific product, it may adopt implementing acts, temporarily withdrawing the suspension for a period not longer than 12 months. Those implementing acts shall be adopted in accordance with the examination procedure referred to in Article 8.Import duties for products for which the suspension has been temporarily withdrawn shall be secured by a guarantee, and the release of the products concerned for free circulation in the Canary Islands shall be conditional upon the provision of such guarantee.
2. When the Council decides, in accordance with the procedure laid down in the Treaty, within a 12-month period, that the suspension should definitively be withdrawn, the amounts of duties secured by guarantees shall be collected definitively.
3. If no definitive decision has been adopted within the 12-month period in accordance with paragraph 2, the securities shall be released.
Article 5 
The Commission shall be empowered to adopt delegated acts in accordance with Article 6 concerning amendments and technical adaptations to Annexes I and II as are required as a consequence of amendments to the Combined Nomenclature.
Article 6 

1. The power to adopt the delegated acts is conferred on the Commission subject to the conditions laid down in this Article.
2. The power to adopt the delegated acts referred to in Article 5 shall be conferred on the Commission for an indeterminate period of time as from 1 January 2012.
3. The delegation of power referred to in Article 5 may be revoked at any time by the Council. A decision to revoke shall put an end to the delegation of the power specified in that decision. It shall take effect the day following the publication of the decision in the Official Journal of the European Union or at a later date specified therein. It shall not affect the validity of any delegated acts already in force.
4. As soon as it adopts a delegated act, the Commission shall notify it to the Council.
5. A delegated act adopted pursuant to Article 5 shall enter into force only if no objection has been expressed by the Council within a period of two months of notification of that act to the Council or if, before the expiry of that period, the Council has informed the Commission that it will not object.
Article 7 
The European Parliament shall be informed of the adoption of delegated acts by the Commission, of any objection formulated to them, or of the revocation of the delegation of powers by the Council.
Article 8 

1. The Commission shall be assisted by the Customs Code Committee, established by Article 247a(1) of Regulation (EEC) No 2913/92. That committee shall be a committee within the meaning of Regulation (EU) No 182/2011.
2. Where reference is made to this paragraph, Article 5 of Regulation (EU) No 182/2011 shall apply.
Article 9 
This Regulation shall enter into force on the third day following its publication in the Official Journal of the European Union.
It shall apply from 1 January 2012.
This Regulation shall be binding in its entirety and directly applicable in all Member States.Done at Brussels, 19 December 2011.
For the Council
The President
M. KOROLEC
ANNEX I

4011 20 8450 20 8522 90 80 9006 53 80
4011 30 8450 90 8523 21 9006 59
4011 61 8469 00 91  9007 10
4011 62 8472 8523 29 39 9007 20
4011 63  8523 29 90 9008 50
4011 69  8523 49 99 
4011 92  8523 51 99 
4011 93 8473 8523 59 99 
4011 94  8523 80 99 
4011 99 8501 8525 50 9010 10
5608  8525 80 11 9010 50
6403 40  8525 80 19 9011
6403 51 05  8526 
6403 59 05   
6403 91 05   
6403 99 05   9012
8415   
   9030 10
  8701 
   9030 31
   9030 33
  8702 9106
  8704 21 31 9107
8418 30 80  8704 21 39 9207
8418 40 80  8704 21 91 
8418 50  8704 21 99 9506 91 90
8418 61  8704 22 9507 10
8418 69  8704 23 9507 20 90
8418 91  8704 31 31 9507 30
8418 99  8704 31 39 
8427  8704 31 91 
8431 20  8704 31 99 
8443 31   
  8704 32 
8443 32 8518 40 30 8704 90 
8443 39 10   
8443 39 39 8518 90 8705 
 8519 20 9006 10 
8450 11 90 8519 81 51  
8450 12 8521 10 95 9006 30 
8450 19 8522 90 49 9006 52 
ANNEX II

3901  5501 
3902 10  5502 
3903 11  5503 8706
3904 10  5504 8707
3906 10  5505 8708
4407 21   8714
  5506 
4407 22  5507 
 5108 5508 10 10 
4407 25 5110 5508 20 10 
 5111 5509 
  5510 
4407 26  5512 
  5513 
  5514 9002 90
4407 29  5515 9006 91
  5516 9007 91
  6001 9007 92
  6002 9008 90
 5112  9010 90
  6217 90 9104
4407 99  6305 9108
4410   9109
4412   
 5205  
 5208  9110
 5209  
 5210  
 5212 6309 
 5401 10 12 6406 
 5401 10 14 7601 9111
 5401 20 10  9112
 5402 8529 10 80 9114
 5403 8529 10 95 
 5404 11 8529 90 
 5404 90  
 5407  
 5408  