28.1.77 OfficialJournaloftheEuropeanCommunities NoL24/33
COMMISSION REGULATION (EEC)No176/77
of27January1977
fixingthecorrectiveamountapplicabletotherefundonriceandbrokenrice
THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,
HavingregardtoCouncilRegulation (EEC)No
1418/76of21June1976onthecommonorganiza­
tionofthemarketinrice('),andinparticularthe
secondsubparagraph ofArticle17(4)thereof,determinedinaccordancewithArticle3(2)ofRegula­
tion1428/76(4),based,inrespectofeachmonthfor
whichtheexportlicenceisvalid,onthecifprice
calculatedonthebasisofoffersforshipmentduring
themonthofexportation ;
Whereas,iftherefundsystemistooperatenormally,
refundsshouldbecalculatedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintainedin
relationtoeachother,atanygivenmoment,
withinabandof2-25%,arateofexchangebased
ontheireffectiveparity;
—forothercurrencies,anexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeach
ofthesecurrenciesrecordedforagivenperiod,in
relationtotheCommunitycurrenciesreferredto
intheprevioussubparagraph ;
Whereasitfollowsfromapplyingalltheseprovisions
thatthecorrectiveamountapplicableon1February
1977mustbefixedasshowninthetableannexedto
thisRegulation ;
WhereasthemeasuresprovidedforinthisRegulation
areinaccordancewiththeopinionoftheManage­
mentCommitteeforCereals,HavingregardtotheopinionoftheMonetary
Committee .
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;
HASADOPTED THISREGULATION :
Article1WhereasthatRegulationprovidesthattherefund
applicableonthedayonwhichapplicationforan
exportlicenceismademust,whenitisfixedin
advance,bereducedbyanamountnogreaterthanthe
differencebetweenthecifforwarddeliverypriceand
thecifprice,wheretheformerexceedsthelatterby
morethan0-25unitofaccountpertonne;whereas,
ontheotherhand,therefundmustbeincreasedby
anamountnogreaterthanthedifferencebetweenthe
cifpriceandthecifforwarddeliveryprice,wherethe
formerexceedsthelatterbymorethan025unitof
accountpertonne;ThecorrectiveamountreferredtoinArticle17(4)of
Regulation (EEC)No1418/76whichisapplicableto
theexportrefundsfixedinadvanceinrespectofrice
andbrokenriceisherebyfixedasshowninthetable
annexedtothisRegulation .
Article2 Whereasthecifpriceisthatdeterminedinaccor­
dancewithArticle16ofRegulation (EEC)No
1418/76;whereasthecifforwarddeliverypriceisthatThisRegulationshallenterintoforceon1February
1977.(•)OJNoL166,25.6.1976,p.1.
(2)OJNo204,24.8.1967,p.20.
(3)OJNoL222,10.9.1968,p.6. (4)OJNoL166,25.6.1976,p.M).

NoL24/34 OfficialJournaloftheEuropeanCommunities 28.1.77
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,27January1977.
FortheCommission
FinnGUNDELACH
Vice-President
ANNEX
totheCommissionRegulationof27January1977fixingthecorrectiveamountapplicable
totherefundonriceandbrokenrice
(hm./metricton)
CCT
heading
NoDescriptionofgoodsCurrent
21stperiod
32ndperiod
43rdperiod
S4thperiod
6Sthperiod
7
10.06 Rice:
A.Paddyrice;huskedrice:
I.Paddyrice:
a)Roundgrain— — — — — —
b)Longgrain— — — — — —
11.Huskedrice:
a)Roundgrain 000000
b)Longgrain 000 000
B.Semi-milledorwhollymilledrice:
I.Semi-milled rice:
a)Roundgrain— — — — — —
b)Longgrain— — — — — —
II.Whollymilledrice:
a)Roundgrain 0 00000
b)Longgrain 000000
C.Brokenrice 000000