8.10.76 OfficialJournaloftheEuropeanCommunities NoL277/23
COMMISSION REGULATION (EEC)No2451/76
of7October1976
fixingthecorrectiveamountapplicabletotherefundonriceandbrokenrice
THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,
HavingregardtoCouncilRegulation (EEC)No
1418/76of21June1976onthecommonorganiza­
tionofthemarketinrice(*),andinparticularthe
secondsubparagraph ofArticle17(4)thereof,
HavingregardtotheopinionoftheMonetary
Committee ,determinedinaccordancewithArticle3(2)ofRegula­
tion1428/76(4),based,inrespectofeachmonthfor
whichtheexportlicenceisvalid,onthecifprice
calculatedonthebasisofoffersforshipmentduring
themonthofexportation ;
Whereasiftherefundsystemistooperatenormally,
refundsshouldbecalculatedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintainedin
relationtoeachother,atanygivenmoment,
withinabandof2-25%,arateofexchangebased
ontheireffectiveparity;
—forothercurrenciesanexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeach
ofthesecurrenciesrecordedforagivenperiod,in
relationtotheCommunitycurrenciesreferredto
intheprevioussubparagraph ;
Whereasitfollowsfromapplyingalltheseprovisions
thatthecorrectiveamountapplicableon8October
1976mustbefixedasshowninthetableannexedto
thisRegulation ;
WhereasthemeasuresprovidedforinthisRegulation
areinaccordancewiththeopinionoftheManage­
mentCommitteeforCereals,Whereasthefirstsubparagraph ofArticle17(4)of
Regulation (EEC)No1418/76providesthatthe
exportrefundapplicabletoriceandbrokenriceon
thedayonwhichapplicationforanexportlicenceis
made,adjustedforthethresholdpricewhichwillbe
inforceduringthemonthofexportation ,mustbe
appliedonrequesttoexportstobeeffectedduringthe
periodofvalidityofthelicence;
WhereasRegulationNo474/67/EEC(2),asamended
byRegulation(EEC)No1397/68^3),laysdown
detailedrulesfortheadvancefixingoftheexport
refundonriceandbrokenrice;
HASADOPTEDTHISREGULATION :
Article1WhereasthatRegulationprovidesthattherefund
applicableonthedayonwhichapplicationforan
exportlicenceismademust,whenitisfixedin
advance,bereducedbyanamountnogreaterthanthe
differencebetweenthecifforwarddeliverypriceand
thecifprice,wheretheformerexceedsthelatterby
morethan0-25unitofaccountpermetricton;
whereas,ontheotherhand,therefundmustbe
increasedbyanamountnogreaterthanthedifference
betweenthecifpriceandthe.cifforwarddelivery
price,wheretheformerexceedsthelatterbymore
than0-25unitofaccountpermetricton;Thecorrective /amountreferredtoinArticle17(4)of
Regulation (EEC)No1418/76whichisapplicableto
theexportrefundsfixedinadvanceinrespectofrice
andbrokenriceisherebyfixedasshowninthetable
annexedtothisRegulation .
Article2 whereasthecitpriceisthatdetermined inaccor­
dancewithArticle16ofRegulation (EEC)No
1418/76,whereasthecifforwarddeliverypriceisthatThisRegulationshallenterintoforceon8October
1976.'')OJNoL166,25.6.1976,p.1.
''2)OJNo204,24.8.1967,p.20.
,})OJNoL222,10.9.1968,p.6. C)OJNoL166,25.6.1976,p.30.

NoL277/24 OfficialJournaloftheEuropeanCommunities 8.10.76
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,7October1976.
FortheCommission
P.J.LARDINOIS
MemberoftheCommission
ANNEX
totheCommissionRegulationof7October1976fixingthecorrectiveamountapplicable
totherefundonriceandbrokenrice
(tf.it./metricton)
CCT
DescriptionofgoodsCurrent 1stperiod2ndperiod3rdperiod4thperiod5thperiod
heading
No 10 11 12 1 2 i
10.06 Rice:
A.Paddyrice;huskedrice:
I.Paddyrice:
a)Roundgrain— — — — —
b)Longgrain— — — — --- —
II.Huskedrice:
a)Roundgrain 000000
b)Longgrain 000 00 0
B.Semi-milledorwhollymilledrice:
LSemi-milled rice:
a)Roundgrain— — — — — —
b)Longgrain— — — — — —
II.Whollymilledrice:
a)Roundgrain 000000
b)Longgrain 0 0000 0
C.Brokenrice — — — — — —