24.1.2004 Official Journal of the European Union L17/11 COMMISSION REGULATION (EC) No 119/2004 of 23 January 2004 establishing the extent to which import licences applied for under subquota II for frozen meat of bovine animals, as provided for in Regulation (EC) No 780/2003, may be granted THE COMMISSION OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Community, Having regard to Council Regulation (EC) No 1254/1999 of 17 May 1999 on the common organisation of the market in beef and veal ('), Having regard to Commission Regulation (EC) No 2341/2003 of 29 December 2003 derogating from Regulation (EC) No 780/2003 as regards a tariff subquota for frozen meat of bovine animals covered by CN code 0202 and products covered by CN code 0206 29 91 (3), and in particular Article 1(3) thereof, Whereas: The second subparagraph of Article 12(2) of Commission Regulation (EC) No 780/2003 of 7 May 2003 opening and providing for the administration of a tariff quota for frozen meat of bovine animals covered by CN code 0202 and products covered by CN code 0206 29 91 (1 July 2003 to 30 June 2004) (°) sets at 17 225 tonnes the quantity for which approved operators may apply for import licences under subquota II during the period 5 to 8 January 2004. This quan- tity was reduced to 11 483 tonnes by Article 1(2) of Regulation (EC) No 2341/2003. Since the import licences applied for exceed the quantity available, a reduction coefficient should be fixed in accordance with Article 1(3) of Regulation (EC) No 23412003, HAS ADOPTED THIS REGULATION: Atrticle 1 Each import licence application lodged in accordance with the first subparagraph of Article 12(2) of Regulation (EC) No 780/ 2003 during the period 5 to 8 January 2004 shall be accepted up to a limit of 3,8464 % of the quantities requested. Atticle 2 This Regulation shall enter into force on 24 January 2004. This Regulation shall be binding in its entirety and directly applicable in all Member States. Done at Brussels, 23 January 2004. (") OJ L 160, 26.6.1999, p. 21. Regulation as last amended by Regu- lation (EC) No 1782/2003 (O] L 370, 21.10.2003, p. 1). () OJ L 346, 31.12.2003, p. 33. () OJ L 114, 8.5.2003, p. 8. For the Commission J. M. SILVA RODRIGUEZ Agriculture Director-General