OfficialJournaloftheEuropeanCommunities23.9.88NoL263/16
COMMISSION REGULATION (EEC)No2923/88
of22September1988
fixingthecorrectiveamountapplicabletotherefundoncereals
THECOMMISSION OFTHEEUROPEANCOMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,
HavingregardtotheActofAccessionofSpainand
Portugal,
HavingregardtoCouncilRegulation(EEC)No2727/75
of29October1975onthecommonorganizationofthe
marketincereals('),aslastamendedbyRegulation(EEC)
No2221/88(2),
HavingregardtoCouncilRegulation(EEC)No2746/75
of29October1975layingdowngeneralrulesforgranting
exportrefundsoncerealsandcriteriaforfixingthe
amountofsuchrefunds(3),
HavingregardtotheopinionoftheMonetaryCommittee,
WhereasArticle16(4)ofRegulation(EEC)No2727/75
providesthattheexportrefundapplicabletocerealson
thedayonwhichapplicationforanexportlicenceis
made,adjustedforthethresholdpriceinforceduringthe
monthofexportation,mustbeappliedonrequestto
exportstobeeffectedduringtheperiodofvalidityofthe
exportlicence;whereas,inthiscase,acorrectiveamount
mustbeappliedtotherefund;
WhereasCouncilRegulation(EEC)No2744/75of29
October1975ontheimportandexportsystemfor
productsprocessedfromcerealsandfromrice(4),aslast
amendedbyRegulation(EEC)No1906/87(*),made
possiblethefixingofacorrectiveamountforcertain
productslistedinArticle1(c)ofRegulation(EEC)No
2727/75;
WhereasCommissionRegulation(EEC)No1281/75(^
laiddowndetailedrulesfortheadvancefixingofexport
refundsforcerealsandcertainproductsprocessedfrom
cereals;
Whereas,pursuanttothatRegulation,whenthecorrective
amountisbeingfixed,accountmustbetakenoftheexis­
tingsituationandthefuturetrendwithregardtoprices
andavailabilitiesofcerealsontheCommunitymarketon
theonehandandpossibilitiesandconditionsforthesale
ofcerealsandcerealproductsontheworldmarketonthe
other;whereasthesameRegulationprovidesthatitis
alsoimportanttoensureequilibriumandthenatural
developmentofpricesandtradeoncerealmarketsand,furthermore,totakeintoaccounttheeconomicaspectof
exportsandtheneedtoavoiddisturbancesonthe
Communitymarket;
WhereasfortheproductslistedinArticle1(c)ofRegula­
tion(EEC)No2727/75accountshouldbetakenofthe
specificcriterialaiddowninArticle2(2)ofRegulation
(EEC)No1281/75;
Whereastheworldmarketsituationorthespecificrequi­
rementsofcertainmarketsmaymakeitnecessarytovary
thecorrectiveamountaccordingtodestination;
Whereasthecorrectiveamountmustbefixedatthesame
timeastherefundandaccordingtothesameprocedure;
Whereasitmaybealteredintheperiodbetweenfixings;
Whereas,ifthesystemofcorrectiveamountsistooperate
normally,correctiveamountsshouldbecalculatedonthe
followingbasis:
—inthecaseofcurrencieswhicharemaintainedinrela­
tiontoeachotheratanygivenmomentwithinaband
of2,25%,arateofexchangebasedontheircentral
rate,multipliedbythecorrectivefactorprovidedforin
thelastparagraphofArticle3(1)ofCouncilRegula­
tion(EEC)No1676/85Q,aslastamendedbyRegula­
tion(EEC)No1636/87(8),
—forothercurrencies,anexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeachof
thesecurrenciesrecordedoveragivenperiodinrela­
tiontotheCommunitycurrenciesreferredtointhe
precedingindentandtheaforesaidcoefficient;
Whereasitfollowsfromapplyingtheprovisionssetout
abovethatthecorrectiveamountmustbeassetoutinthe
Annexhereto;
WhereasthemeasuresprovidedforinthisRegulationare
inaccordancewiththeopinionoftheManagement
CommitteeforCereals,
HASADOPTEDTHISREGULATION :
Article1
ThecorrectiveamountreferredtoinArticle16(4)of
Regulation(EEC)No2727/75whichisapplicableto
exportrefundsfixedinadvanceinrespectofcerealsshall
beassetoutintheAnnexhereto.
Article2
ThisRegulationshallenterintoforceon23September
1988.(')OJNoL281,1.11.1975,p.1.
(2)OJNoL197,26.7.1988,p.16.0OJNoL281,1.11.1975,p.78.
(<)OJNoL281,1.11.1975,p.65.
MOJNoL182,3.7.1987,p.49.hOJNoL131,22.5.1975,p.15.QOJNoL164,24.6.1985,p.1.
8)OJNoL153,13.6.1987,p.1.

23.9.88 OfficialJournaloftheEuropeanCommunities NoL263/17
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,22September1988.
FortheCommission
FransANDRIESSEN
Vice-President

NoL263/18 OfficialJournaloftheEuropeanCommunities23.9.88
ANNEX
totheCommissionRegulationof22September1988fixingthecorrectiveamount
applicabletotherefundoncereals
(ECU/tonne)
Productcode Destination(')Current
91stperiod
102ndperiod
113rdperiod
124thperiod
15thperiod
26thperiod
3
07099060000
07129019000
10011010000
10011090000
10019091000
10019099000
10020000000
10030010000
10030090000
10040010000
10040090000
10051090000
10059000000
10070090000
10082000000
11010000110
11010000120
11010000130
11010000150
11010000170
11010000180
11010000190
11010000900
11021000100
11021000200
11021000300
11021000500
11021000900
11031110100
11031110200
11031110500
11031110900
11031190100
1103119090001
01
02
03
04
01
01
02
03
01
01
01
01
01
01
01
01
01
01
01
01
01
01
01
01
010
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
o
0
00
0
0
+3,00
+4,50
0
0
0
+3,00
-1,50
-30,00
0
0
0
0
0
0
0
0
0
0
0
0
0
0
00
0
0
+3,00
+4,50
0
0
0
+3,00
-3,00
-30,00
0
.0
0
0
0
0
0
0
0
0
0
0
0
0
00
0
0
+3,00
+4,50
0
0
0
+3,00
-30,00
-30,00
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0-5,00
-3,00
0
-30,00
-3,00
-3,00
0
-30,00
-30,00
-7,00
-7,00
-7,00
-7,00
-7,00
-7,00
-7,00
-7,00
-7,00
-7,00
-50,00
-50,00
-50,00
-50,00
-7,00-40,00
-30,00
-30,00
-30,00
-30,00
-30,00
-30,00
-30,00
-30,00
-50,00
-50,00
-50,00
-50,00-40,00
-30,00
-30,00
-30,00
-30,00
-30,00
-30,00
-30,00
-30,00
-50,00
-50,00
-50,00
-50,00
(')Forthefollowingdestinations :
01allthirdcountries,
02otherthirdcountries,
03Algeria,Tunisia,EgyptandtheCanaryIslands,
04USSR.
N.B.ThezonesarethosedefinedinRegulation(EEC)No1124/77(OJNoL134,28.5.1977),aslastamendedbyRegulation(EEC)No296/88(OJNoL
30,2.2.1988).