28.2.75 OfficialJournaloftheEuropeanCommunities NoL52/31
REGULATION (EEC)No476/75OFTHECOUNCIL
of27February1975
amendingRegulationNo359/67/EEConthecommonorganizationofthemarketin
rice
'However,fortheproductsreferredtoin
Article1(1)(a)and(b)theexportrefund
applicableonthedayonwhichtheapplication
forthelicenceislodged,adjustedonthebasis
ofthethresholdpricevalidduringthemonthof
exportation,shallbeapplied,attherequestof
thepartyconcernedmadebefore1p.m.andat
thetimeoflodgingtheapplicationforthelicence,
toexportseffectedduringtheperiodofvalidity
ofthelicence.
Acorrectiveamountmaybefixed.Itshallbe
appliedtotherefundwherethisisfixedin
advance.Thecorrectiveamountshallbefixed
atthesametimeastherefundaccordingtothe
sameprocedure;howeverwhennecessary,the
Commission ,followingarequestfromaMember
Stateoronitsowninitiative,maymodifythe
correctiveamountsintheinterval.
Theprovisionsoftheprecedingsubparagraphs
maybeapplied,inwholeorinpart,toanyof
theproductslistedinArticle1(1)(c)andin
AnnexB.'THECOUNCILOFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingthe
EuropeanEconomicCommunity,andinparticular
Article43thereof;
HavingregardtotheproposalfromtheCommission ;
HavingregardtotheOpinionoftheEuropean
Parliament;
WhereasArticle17(4)ofCouncilRegulation
No359/67/EEC(*)of25July1967onthecommon
organizationofthemarketinrice,aslastamended
byRegulation (EEC)No1129/74(2),providesthat
acorrectiveamountistobeappliedtoexportrefunds
onricewhicharefixedinadvance;whereas
experiencehasshownthatconditionsontheexport
marketdonotalwaysrequirethesystematic
applicationofcorrectiveamounts,whereasprovision
shouldthereforebemadetoallowdifferentdecisions
tobetakenwhennecessary;
WhereasArticle21ofRegulationNo359/67/EEC
aimsatavoidingdisturbancesontheCommunity
marketandatensuringstabilitythereoninthecase
ofsignificantincreasesintheworldmarketprice;
whereas,inordertoascertainthenecessityof
triggeringthemeasuresappropriatetotheintended
result,provisionismadeforcomparisonbetween
thecifpriceandthethresholdprice;whereas,infact,
thethreatofdisturbanceontheinternalCommunity
marketmayalreadyexist,aboveallinthesurplus
areas,evenbeforeworldmarketpricesreachthe
leveloftheCommunityprice;whereas,theconcept
ofthecifpriceshouldbereplacedbyaconceptmore
suitedtoahighpricesituationontheworldmarket.Article2
ThetextofArticle21ofRegulationNo359/67/EEC
shallbereplacedbythefollowing:
'1.Whenthequotationsorpricesontheworld
marketforoneormoreoftheproductsreferred
toinArticle1(1)(a)and(b)reachthelevelof
Communityprices,andwhenthatsituationis
likelytocontinueandtodeteriorate,thereby
disturbingorthreateningtodisturbtheCom­
munitymarket,appropriatemeasuresmaybe
taken.
2.TheCouncil,actinginaccordancewiththe
votingprocedurelaiddowninArticle43(2)of
theTreatyonaproposalfromtheCommission ,
shalladoptthegeneralrulesfortheapplication
ofthisArticle.
3.Thedetailedrulesfortheapplicationofthis
Articlcshallbeadoptedinaccordancewiththe
procedurelaiddowninArticle26.'HASADOPTEDTHISREGULATION :
Article1
ThetextofArticle17(4)ofRegulation
No359/67/EECshallbereplacedbythefollowing :
HOJNo174,31.7.1967,p.1.
(2)OJNoL128,10.5.1974,p.20.

NoL52/32 OfficialjournaloftheEuropeanCommunities 28.2.75
Article3
ThisRegulationshallenterintoforceonthethirddayfollowingitspublicationintheOfficialJournal
oftheEuropeanCommunities .
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,27February1975.
FortheCouncil
ThePresident
M.A.CLINTON