Page 36 2. The Community levy shall be a percentage of the total value of import duty derivable from goods imported into the Community from third countries. 3. The actual level of the Community levy shall be determined by the Council. 4. The conditions for the application of the Community levy, the modalities for the transfer to the Community of the revenue generated and the utilization of the Community levy shall be defined in the relevant Protocol. 5. Member States undertake to facilitate the application of the provisions of this Article. Article 73 Contributions by Member States 1. The mode by which the contributions of Member States shall be determined and the currencies in which the contributions are paid shall be as determined by Council. 2. Member States undertake to promptly transfer their assessed contributions to the Community. Article 74 Financial Regulations The Financial Regulations and Manual of Accounting Procedures of the Community shall govern the application of the provisions of this Chapter. Article 75 External Auditors 1. The External Auditors of the Community shall be appointed for a period of two years renewable for two other terms of two years each. They can be relieved of their posts by the Authority on the recommendation of the Council. 2. Subject to the provisions of the preceding paragraph, the Council shall determine the rules governing the selection procedure and establish the responsibilities of the External Auditors. CHAPTER XV: DISPUTES Article 76 Settlement of Disputes 1. Any dispute regarding the interpretation or the application of the provisions of this Treaty shall be amicably settled through direct agreement without prejudice to the provisions of this Treaty and relevant Protocols. 2. Failing this, either party or any other Member States or the Authority may refer the matter to the Court of the Community whose decision shall be final and shall not be subject to appeal. CHAPTER XVI: SANCTIONS