NoL118/37 8.5.75 OfficialJournaloftheEuropeanCommunities
REGULATION (EEC)No1201/75OFTHECOMMISSION
of7May1975
fixingthecorrectiveamountapplicabletotherefundoncereals
THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ;
HavingregardtoCouncilRegulationNo120/
67/EEC(')of13June1967onthecommonorganiza­
tionofthemauketincereals,aslastamendedbyRegu­
lation(EEC)No85/75(-'),andinparticularthethird
sentenceofthesecondsubparagraph ofArticle16(4)
thereof;
HavingregardtoCouncilRegulationNo139/
67/EEC(3)of21June1967layingdowngeneralrules
forgrantingexportrefundsoncerealsandcriteriafor
fixingtheamountofsuchrefunds,aslastamendedby
Regulation (EEC)No87/75(;);
HavingregardtotheOpinionoftheMonetary
Committee ;
WhereasArticle16(4)ofRegulationNo120/67/EEC
providesthattheexportrefundapplicabletocereals
onthedayonwhichapplicationforanexportlicence
ismade,adjustedforthethresholdpriceinforce
duringthemonthofexportation ,mustbeappliedon
requesttoexportstobeeffectedduringtheperiodof
validityoftheexportlicence;whereas,inthiscase,a
correctiveamountmustbeappliedtotherefund;
WhereasRegulationNo633/67/EEC(5),aslast
amendedbyRegulation (EEC)No1461/72(6),lays
downdetailedrulesfortheadvancefixingofthe
exportrefundoncereals;
WhereasthatRegulationprovidesthattherefund
applicableonthedayonwhichapplicationforan
exportlicenceismademust,whentherefundisfixed
inadvance,bereducedbynotmorethatthediffer­
encebetweenthecifforwarddeliverypriceandthecif
pricewheretheformerexceedsthelatterbymore
thanoneunitofaccountpermetricton;whereas,on
theotherhand,therefundmustbeincreasedbynot
morethanthedifferencebetweenthecifpriceand
thecifforwarddeliverypricewheretheformer
exceedsthelatterbymorethanoneunitofaccount
permetricton;Whereasthecifpriceisthatdeterminedinaccor­
dancewithArticle13ofRegulationNo120/67/EEC;
whereasthecifforwarddeliverypriceisthatdeter­
minedinaccordancewithArticle3(2)ofRegulation
No140/67/EEC(7),asamendedbyRegulation (EEC)
No2435/70(s),based,inrespectofeachmonthfor
whichtheexportlicenceisvalid,onthecifprice
calculatedonthebasisofoffersforshipmentduring
themonthofexportation ;
Whereasthecorrectiveamountsofixedwillbealtered
ifapplicationofthecalculationproceduredescribed
aboveentailsachangeinthatamountofmorethan
0-125unitofaccount;
Whereas,however,Article2ofRegulationNo633/
67/EECprovidesthatthecorrectiveamountappli­
cabletotheamountoftherefundfixedinadvanceon
exportstobeeffectedafterthethirdmonthfollowing
thatduringwhichthelicencewasissuedshouldbe
fixedonthebasisofforeseeablemarkettrends;
whereastothisendaccountshouldbetakenofavail­
abilitiesandforeseeabletrendsontheCommunity
marketandofforwardtrendsontheworldmarket,in
particularonthosemarketswhosespecificrequire­
mentshavemadeitnecessarytovarytherefund;
Whereas,iftherefundsystemistooperatenormally,
refundsshouldbecalculatedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintained in
relationtoeachother,atanygivenmoment,
withinabandof225%,arateofexchangebased
ontheireffectiveparity;
—forothercurrenciesanexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeach
ofthesecurrenciesrecordedforagivenperiod,in
relationtotheCommunitycurrenciesreferredto
intheprevioussubparagraph ;
Whereasitfollowsfromapplyingalltheseprovisions
thatthecorrectiveamountmustbefixedasshownin
thetableannexedtothisRegulation ;
WhereasthemeasuresprovidedforinthisRegulation
areinaccordancewiththeOpinionoftheManage­
mentCommitteeforCereals,')OJNo117,19.6.1967,p.2269/67.
')OJNoL11,16.I.1975,p.1.
'')OJNo125,26.6.1967,p.2453/67.
4)OJNoL11,16.1.1975,p.3.OjNo233,28.9.1967.n.9.()OJNo125,26.6.1967,p.2456/67.
(s)OJNoL.262,12.1970,p.3. (<>)OJNoL155,11.7.1972,p.35.

NoL118/38 OfficialJournaloftheEuropeanCommunities8.5.75
exportrefundsfixedinadvanceinrespectofcerealsis
herebyfixedasshowninthetableannexedtothis
Regulation .
Article2
ThisRegulationshallenterintoforceon8May1975.HASADOPTEDTHISREGULATION :
Article1
ThecorrectiveamountreferredtoinArticle16(4)of
RegulationNo120/67/EECwhichisapplicableto
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,7May1975.
FortheCommission
P.J.LARDINOIS
MemberoftheCommission
ANNEX
totheCommissionRegulationof7May1975fixingthecorrectiveamountapplicableto
therefundoncereals
(tut./metricton)s
CCT
heading
NoDescriptionofgoodsCurrent
51st
period
62nd
period
73rd
period
84th
period
95th
period
106th
period
11
10.01A
10.01B
10.02
10.0.3
10.04
10.05B
10.07C
11.01A
11.01B
11.02AIa
11.02A1bCommonwheat,andmeslin
Durumwheat
Rye
Barley
Oats
Maizeotherthanhybridmaize
forsowing
Grainsorghum
Commonwheatflour
Ryeflour
Durumwheatgroatsandmeal
Commonwheatgroatsand
meal0
0
0
0
0
0
0
0
0+4-00
0
0
0
0
0
0
0
0+5-00
0
0
0
0
0
0
0
0+5-00
0
0
0
0
0
0
0
0+5-00
0
0
0— —
N.B.ThezonesarethosedefinedinRegulation (EEC)No941/72(OJNoL107,6.5.1972).