8.1.81 OfficialJournaloftheEuropeanCommunities NoL8/9
COMMISSION REGULATION (EEC)No120/81
of7January1981
fixingtheexportrefundoncandysugar
Whereas,inspecialcases,theamountoftherefund
maybefixedbyotherlegalinstruments ;
Whereas,iftherefundsystemistooperatenormally,
refundsshouldbecalculatedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintainedin
relationtoeachotheratanygivenmomentwithin
abandof2-25%,arateofexchangebasedon
theireffectiveparity;
—forothercurrencies,anexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeach
ofthesecurrenciesrecordedforagivenperiodin
relationtotheCommunitycurrenciesreferredto
inthepreviousindent;
Whereastherefundforcandysugarmustbefixed
everytwoweeks;whereasitmaybealteredinthe
interveningperiod;
Whereasitfollowsfromapplyingtherulessetout
abovetothepresentsituationonthemarketinsugar
andinparticulartoquotationsorpricesforsugar
withintheCommunityandontheworldmarketthat
therefundshouldbeassetoutintheAnnexhereto;
WhereasthemeasuresprovidedforinthisRegulation
areinaccordancewiththeopinionoftheManage^
mentCommitteeforSugar,THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,
HavingregardtoCouncilRegulation (EEC)No
3330/74of19December1974onthecommonorgani­
zationofthemarketinsugar('),aslastamendedby
theActofAccessionofGreece(2),andinparticular
thefirstsentenceofthelastsubparagraph ofArticle
19(2)thereof,
HavingregardtotheopinionoftheMonetary
Committee ,
WhereasArticle19ofRegulation(EEC)No3330/74
providesthatthedifferencebetweenquotationsor
pricesontheworldmarketfortheproductslistedin
Article1(l)(a)ofthatRegulationandpricesforthose
productswithintheCommunitymaybecoveredby
anexportrefund;
WhereasCouncilRegulation (EEC)No766/68of18
June1968layingdowngeneralrulesforgranting
exportrefundsonsugar(3),aslastamendedbyRegula­
tion(EEC)No1489/76(4),providesthatwhenrefunds
onsugar,undenaturedandexportedinthenatural
state,arebeingfixedaccountmustbetakenofthe
situationontheCommunityandworldmarketsin
sugarandinparticularofthepriceandcostfactorsset
outinArticle3ofthatRegulation ;whereasthesame
Articleprovidesthattheeconomicaspectofthe
proposedexportsshouldalsobetakenintoaccount;
WhereascandysugarwasdefinedinArticle11of
Regulation (EEC)No394/70of2March1970on
detailedrulesforgrantingexportrefundsonsugar(5),
asamendedbyRegulation (EEC)No1467/77(6);
Whereastheworldmarketsituationorthespecific
requirements ofcertainmarketsmaymakeitneces­
sarytovarytherefundforsugaraccordingtodestina­
tion;HASADOPTED THISREGULATION .
Article1
Theexportrefundoncandysugarundenaturedandin
thenaturalstate,shallbeassetoutintheAnnex
hereto.
(•)OJNoL359,31.12.1974,p.1. Article2
(2)OJNoL291,19.11.1979,p.17.
(3)OJNoL143,25.6.1968,p.6.
(«)OJNoL167,26.6.1976,p.13.
(5)OJNoL50,4.3.1970,p.1. ThisRegulationshallenterintoforceon8January
1981. (')OJNoL162,1.7.1977,p.6.

NoL8/10 OfficialJournaloftheEuropeanCommunities 8.1.81
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,7January1981.
FortheCommission
ThePresident
GastonTHORN
ANNEX
totheCommissionRegulationof7January1981fixingtheexportrefundoncandysugar
(ECU/100kg)
CCT
heading
NoDescription Refund
17.01 Beetsugarandcanesugar,solid:
exA.Whitesugar:
—Candysugar 0
B.Rawsugar:
exII.Otherrawsugar:
—Candysugar 00)
(!)Applicabletorawsugarwithayieldof92%;iftheyieldisotherthan92%,therefundappli­
cableiscalculatedinaccordancewiththeprovisionsofArticle5(3)ofRegulation(EEC)No
766/68.