18.11.77 OfficialJournaloftheEuropeanCommunities NoL294/25
COMMISSION REGULATION (EEC)No2540/77
of17November 1977
fixingtherefundsapplicabletocerealsandwheatorryeflourgroatsandmeal
thesequantitieswerefixedinRegulationNo162/
67/EEC(4),asamendedbyRegulation (EEC)No
1607/71(5);
Whereastheworldmarketsituationorthespecific
requirementsofcertainmarketsmaymakeitneces­
sarytovarytherefundforcertainproductsaccording
todestination ;
Whereastherefundmustbefixedatleastoncea
month;whereasitmaybealteredintheintervening
period;
Whereas,iftherefundsystemistooperatenormally,
refundsshouldbecalculatedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintainedin
relationtoeachother,atanygivenmoment,
withinabandof2-25%,arateofexchangebased
ontheireffectiveparity;
—forothercurrenciesanexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeach
ofthesecurrenciesrecordedforagivenperiod,in
relationtotheCommunitycurrenciesreferredto
intheprevioussubparagraph ;
Whereasitfollowsfromapplyingtherulesoutlined
abovetothepresentsituationonthemarketin
cereals,andinparticulartoquotationsorpricesfor
theseproductswithintheCommunityandonthe
worldmarket,thattherefunds,shouldbefixedas
shownintheAnnextothisRegulation;
WhereasthemeasuresprovidedforinthisRegulation
areinaccordancewiththeopinionoftheManage­
mentCommitteeforCereals,THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,
HavingregardtoCouncilRegulation (EEC)No
2727/75of29October1975onthecommonorgan­
izationofthemarketincereals(*),aslastamendedby
Regulation(EEC)No1386/77(2),andinparticularthe
firstsentenceofthefourthsubparagraphofArticle16
(2)thereof,
HavingregardtotheopinionoftheMonetary
Committee,
WhereasArticle16ofRegulation(EEC)No2727/75
providesthatthedifferencebetweenquotationsor
pricesontheworldmarketfortheproductslistedin
Article1ofthatRegulationandpricesforthose
productsintheCommunitymaybecoveredbyan
exportrefund;
WhereasArticle2ofCouncilRegulationNo(EEC)
No2746/75of29October1975layingdowngeneral
rulesforgrantingexportrefundsoncerealsand
criteriaforfixingtheamountofsuchrefunds(3),
providesthatwhenrefundsarebeingfixedaccount
mustbetakenoftheexistingsituationandthefuture
trendwithregardtopricesandavailabilitiesofcereals
ontheCommunitymarketontheonehandand
pricesforcerealsandcerealproductsontheworld
marketontheother;whereasthesamearticle
providesthatitisalsoimportanttoensureequili­
briumandthenaturaldevelopment ofpricesand
tradeoncerealmarketsand,furthermore ,totakeinto
accounttheeconomicaspectoftheproposedexports
andtheneedtoavoiddisturbances ontheCommu­
nitymarket;
WhereasArticle3ofRegulation(EEC)No2746/75
definesthespecificcriteriatobetakenintoaccount
whentherefundoncerealsisbeingcalculated;
Whereasthesespecificcriteriaaredefined,asfaras
wheatandryeflour,groatsandmealareconcerned,in
Article4ofRegulation(EEC)No2746/75;whereas,
furthermore,whentherefundontheseproductsis
beingcalculated,accountmustbetakenofthequanti­
tiesofcerealsrequiredfortheirmanufacture ;whereasHASADOPTEDTHISREGULATION :
Article1
TherefundsontheproductslistedinArticle1(a),(b)
and(c)ofRegulation(EEC)No2727/75,exportedin
thenaturalstate,areherebyfixedasshowninthe
AnnextothisRegulation .
Article2
ThisRegulationshallenterintoforceon18
November1977.
(<)OJNoL281,1.11.1975,p.1.
(2)OJNoL158,29.6.1977,p.1.
P)OJNoL281,1.11.1975,p.78.(4)OJNo128,27.6.1967,p.2574/67.
(5)OJNoL168,27.7.1971,p.16:

NoL294/26 OfficialJournaloftheEuropeanCommunities 18.11.77
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,17November1977.
FortheCommission
FinnGUNDELACH
Vice-President
ANNEX
totheCommissionRegulationof17November1977fixingtherefundsapplicableto
cerealsandwheatorryeflourgroatsandmeal
(u.a./tonne)
CCT
heading
NoDescriptionofproducts Refund
10.01A
10.01B
10.02
10.03
10.04
10.05B
10.07C
ex11.01A
ex11.01B
11.02AIa)
11.02Alb)Commonwheatandmeslin:
Durumwheat
Rye
Barley:
—forexportsto:
—Switzerland,AustriaandLiechtenstein
—IberianPeninsula
—otherthirdcountries
Oats
Maize,otherthanhybridmaizeforsowing
Grainsorghum
Wheatflour:
—ofanashcontentof0to520
—ofanashcontentof521to600
—ofanashcontentof601to900
—ofanashcontentof901to1100
—ofanashcontentof1101to1650
—ofanashcontentof1651to1900
Ryeflour:
—ofanashcontentof0to700
—ofanashcontentof701to1150
—ofanashcontentof1151to1600
—ofanashcontentof1601to2000
Durumwheatgroatsandmeal:
—ofanashcontentof0to950
—ofanashcontentof951to1300
—ofanashcontentof1301to1500
Commonwheatgroatsandmeal:
—ofanashcontentof0to5200
0
0
4500
50.00
0
0
9000
90.00
80.00
80.00
70.00
70.00
45.00
45.00
45.00
45.00
155.00
155.00
155.00
90.00
KB.ThezonesarethosedefinedinRegulation(EEC)No1124/77(OJNoL134,28.5.1977).