
Article 1 
In Article 12 of Regulation (EC) No 1296/2008, paragraph 1 is replaced by the following:
'
1. The period of validity of licences shall be:
(a) the period from the day of issue until the end of the second month following the month of the day of issue, in cases where a flat-rate reduction has been adopted by the Commission;
(b) the period specified in the Regulation opening the invitation to tender, in the case of licences issued under a tendering procedure for the duty reduction.'
Article 2 
This Regulation shall enter into force on the day following that of its publication in the Official Journal of the European Union.
It shall apply from 26 January 2018.
This Regulation shall be binding in its entirety and directly applicable in all Member States.Done at Brussels, 28 March 2018.
For the Commission
The President
Jean-Claude JUNCKER