2.12.76 OfficialJournaloftheEuropeanCommunities NoL333/15
COMMISSION REGULATION (EEC)No2923/76
of1December 1976
fixingtherefundsonwhitesugarandrawsugarexportedinthenaturalstate
Whereastheworldmarketsituationorthespecific
requirements ofcertainmarketsmaymakeitneces­
sarytovarytherefundforsugaraccordingtodestina­
tion;
Whereas,inspecialcases,theamountoftherefund
maybefixedbyotherlegalmeans;
Whereas,iftherefundsystemistooperatenormally,
refundsshouldbecalculatedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintainedin
relationtoeachother,atanygivenmoment,
withinabandof2-25%,arateofexchangebased
ontheireffectiveparity;
—forothercurrenciesanexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeach
ofthesecurrenciesrecordedforagivenperiod,in
relationtotheCommunitycurrenciesreferredto
intheprevioussubparagraph ;
Whereastherefundmustbefixedeverytwoweeks;
whereasitmaybealteredintheinterveningperiod;
Whereasitfollowsfromapplyingtheserulestothe
presentsituationonthemarketinsugarandinparti­
culartoquotationsorpricesforsugarwithinthe
Communityandontheworldmarketthattherefund
shouldbefixedattheamountsshownintheAnnex
tothisRegulation ;
WhereasthemeasuresprovidedforinthisRegulation
areinaccordancewiththeopinionoftheManage­
mentCommitteeforSugar,THECOMMISSION OFTHEEUROPFAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,
HavingregardtoCouncilRegulation (EEC)No
3330/74of19December1974onthecommonorgani­
zationofthemarketinsugar(l),aslastamendedby
Regulation (EEC)No1487/76(2),andinparticularthe
firstsentenceofthelastsubparagraph ofArticle19(2)
thereof,
HavingregardtotheopinionoftheMonetary
Committee ,
WhereasArticle19ofRegulation (EEC)No3330/74
providesthatthedifferencebetweenquotationsor
pricesontheworldmarketfortheproductslistedin
Article1(l)(a)ofthatRegulationandpricesforthose
productswithintheCommunitymaybecoveredby
anexportrefund;
WhereasCouncilRegulation (EEC)No766/68of18
June1968layingdowngeneralrulesforgranting
exportrefundsonsugar(3),aslastamendedbyRegula­
tion(EEC)No1489/76(4),providesthatwhenrefunds
onwhiteandrawsugar,undenaturedandexportedin
thenaturalstate,arebeingfixedaccountmustbe
takenofthesituationontheCommunityandworld
marketsinsugarandinparticularofthepriceand
costfactorssetoutinArticle3ofthatRegulation ;
whereasthesameArticleprovidesthattheeconomic
aspectoftheproposedexportsshouldalsobetaken
intoaccount ;
Whereastherefundonrawsugarmustbefixedin
respectofthe.standardquality;whereasthelatteris
definedinArticle 1ofCouncilRegulation (EEC)No
431/68of9April1968determiningthestandard
qualityforrawsugarandfixingtheCommunityfron­
tiercrossingpointforcalculatingcifpricesfor
sugar(5);
Whereas,furthermore ,thisrefundshouldbefixedin
accordancewithArticle5(2)ofRegulation (EEC)No
766/68;whereascandysugarisdefinedinCommis­
sionRegulation (EEC)No394/70of2March1970on
detailedrules(orgrantingexportrefundsonsugar(fa),
asamendedbyRegulation (EEC)No1499/76(7);HASADOPTED THISREGULATION :
Article1
TherefundsontheproductslistedinArticle1(1)(a)
ofRegulation (EEC)No3330/74,undenaturedand
exportedinthenaturalstate,areherebyfixedatthe
amountsshownintheAnnex.
')OJNoL359,.31.12.1974,p.1.
2)OjNoI.167,26.6.1976,p.9.
v)OJNoL143,25.6.1968,p.6.
4)OJNoL167,26.6.1976,p.13.
*)OlNoL89,10.4.1968,p.3.
h)OJNoL50,4.3.1970,p.I.
7)OjNoL!67,26.6.1976,p.29.Article2
ThisRegulationshallenterintoforceon2December
1976.

NoL333/16 OfficialJournaloftheEuropeanCommunities 2.12.76
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,1December1976.
FortheCommission
P.J.LARDINOIS
MemberoftheCommission
ANNEX
totheCommissionRegulationof1December1976fixingtherefundsonwhitesugarand
rawsugarexportedinthenaturalstate
(u.a./l00k")
CCT
heading
NoDescriptionotgoods Refund
17.01 Beetsugarandcanesugar,solid:
A.Whitesugar 10.00
B.Rawsugar:
(a)Candysugar 12.11(')
(b)Otherrawsugar 9.20(!)
(])Applicabletoraw
theprovisionswsugarwithayieldotV2"/»;iftheyieldisotherthan^2%,therefundapplicableiscalculated
>fArticle ">(MofRegulation (EEC)No7MV'6X.inaccordancewith