NoL59/54 OfficialJournaloftheEuropeanCommunities1.3.74
REGULATION (EEC)No501/74OFTHECOMMISSION
of28February1974
fixingthebasicamountoftheimportlevyonsyrupsandcertainothersugar
products
theperiodbetweenthedayonwhichitisfixedand
thefirstdayofthemonthfollowingthemonthfor
whichthebasicamountisapplicable,ifthelevyon
whitesugardiffersbyatleast0-40unitofaccount
fromtheaveragereferredtoaboveorfromthelevyon
whitesugarusedtofixthebasicamount;whereas,in
thiscase,thebasicamountmustbeequaltoone
hundredthofthelevyonwhitesugarusedtocalculate
thealteration;
Whereas,ifthelevysystemistooperatenormally,
leviesshouldbecalculatedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintained in
relationtoeachother,atanygivenmoment,
withinabandof2-25%,arateofexchangebased
ontheireffectiveparity;
—forothercurrenciesanexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeach
ofthesecurrenciesrecordedforagivenperiod,in
relationtotheCommunitycurrenciesreferredto
intheprevioussubparagraph ;
Whereasthebasicamountthusfixedmustbeadjusted
onthebasisofvariationsinthethresholdpricefor
whitesugaroccurringbetweenthemonthinwhich
thebasicamountisfixedandtheperiodofapplica­
tion;whereasthisadjustment ,equaltoonehundredth
ofthedifferencebetweenthesetwothresholdprices,
mustbedeductedfromoraddedtothebasicamount
inthecircumstances providedforinArticle7(6)of
Regulation (EEC)No837/68,THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ;
HavingregardtoCouncilRegulationNo1009/
67/EEC(')of18December1967onthecommon
organizationofthemarketinsugar,aslastamended
byRegulation (EEC)No1928/73(2),andinparticular
Article14(7)thereof;
HavingregardtotheOpinionoftheMonetary
Committee ;
WhereasArticle14(1)ofRegulationNo1009/
67/EECprovidesforchargingalevyonimportsofthe
productslistedinArticle1(1)ofthatRegulation ;
WhereasthelevyontheproductslistedinArticle1
(1)(d)ofRegulationNo1009/67/EECmustbecalcu­
lated,whereappropriate,atastandardrateonthe
basisofthesucrosecontent(includingothersugars
expressedassucrose)oftheproductconcernedandof
thelevyonwhitesugar;whereas,however,thelevies
onmaplesugarandmaplesyruparelimitedtothe
amountresultingfromapplicationoftherateofduty
boundwithinGATT;
WhereasArticle7ofCommissionRegulation (EEC)
No837/68(3)of28June1968ondetailedrulesfor
theapplicationofleviesonsugar,asamendedby
Regulation (EEC)No1491/70(4),providesthatthe
basicamountofthelevyfor100kilogrammes of
productmustbefixedperpercentageofsucrose
content;
Whereasthebasicamountofthelevymustbeequal
toonehundredthoftheaverageoftheleviesappli­
cableto100kilogrammesofwhitesugarduringthe
firsttwentydaysofthemonthprecedingthemonth
forwhichthebasicamountofthelevyisfixed;
whereas,however,thelevyapplicabletowhitesugar
onthedayprecedingthefixingofthebasicamount
mustbesubstitutedfortheaverageofthelevies,
wherethatlevydiffersbyatleast0-40unitofaccount
fromthataverage;
Whereasthebasicamountmustbefixedevery
month;whereasitmust,however,bealteredduringHASADOPTED THISREGULATION :
Article1
Thebasicamountoftheimportlevyontheproducts
listedinArticle1(1)(d)ofRegulationNo1009/
67/EECisherebyfixed,per100kilogrammes of
product,at0unitofaccountperpercentagepointof
sucrosecontent .
Article2
(')OJNo308,18.12.1967,p.1.
(2)OJNoL199,19.7.1973,p.7.
(J)O)NoL151,30.6.1968,p.42.
(4)OJNoL165,28.7.1970,p.8.ThisRegulationshallenterintoforceon1March
1974.

1.3.74 OfficialJournaloftheEuropeanCommunities NoL59/55
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,28February1974.
FortheCommission
P.J.LARDINOIS
MemberoftheCommission