17.1.74 NoL14/9 OfficialJournaloftheEuropeanCommunities
REGULATION (EEC)No112/74OFTHECOMMISSION
of16January1974
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 OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ;
HavingregardtoCouncilRegulationNo1009/
67/EEC(5)of18December1967onthecommon
organizationofthemarketinsugar,aslastamended
byRegulation (EEC)No1928/73(2),andinparticular
thefirstsentenceofthelastsubparagraph ofArticle
17(2)thereof;
HavingregardtotheOpinionoftheMonetary
Committee ;
WhereasArticle17ofRegulationNo1009/67/EEC
providesthatthedifferencebetweenquotationsor
pricesontheworldmarketfortheproductslistedin
Article1(1)(a)ofthatRegulationandpricesforthose
productswithintheCommunitymaybecoveredby
anexportrefund;
WhereasCouncilRegulation (EEC)No766/68(3)of
18June1968layingdowngeneralrulesforgranting
exportrefundsonsugar,aslastamendedbyRegula­
tion(EEC)No881/73(4),providesthatwhenrefunds
onwhiteandrawsugar,undenaturedandexportedin
thenaturalstate,arebeingfixedaccountmustbe
takenofthesituationontheCommunityandworld
marketsinsugarandinparticularofthepriceandcost
factorssetoutinArticle3ofthatRegulation ;whereas
thesameArticleprovidesthattheeconomicaspectof
theproposedexportsshouldalsobetakeninto
account;
Whereastherefundonrawsugarmustbefixedin
respectofthestandardquality;whereasthelatteris
definedinArticle1ofCouncilRegulation(EEC)No
431/68(5)of9April1968determiningthestandard
qualityforrawsugarandfixingtheCommunityfron­
tiercrossingpointforcalculatingcifpricesforsugar;
Whereas,furthermore ,thisrefundshouldbefixedin
accordancewithArticle5(2)ofRegulation (EEC)No
766/68;whereascandysugarisdefinedinCommis­
sionRegulation (EEC)No394/70(6)of2March1970
ondetailedrulesforgrantingexportrefundsonsugar;HASADOPTEDTHISREGULATION :
Article1
TherefundsontheproductslistedinArticle1(1)(a)
ofRegulationNo1009/67/EEC,undenatured and
exportedinthenaturalstate,areherebyfixedatthe
amountsshownintheAnnex.
(»)OJNo308,18.12.1967,p.1.
(2)OJNoL199,19.7.1973,p.7.
(3)OJNoL143,25.6.1968,p.6.
(«)OJNoL86,31.3.1973,p.30.
(5)OJNoL89,10.4.1968,p.3.h)OJNoL50,4.3.1970,p.1.Article2
ThisRegulationshallenterintoforceon17January
1974.

NoL14/10 OfficialJournaloftheEuropeanCommunities 17.1.74
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,16January1974.
FortheCommission
P.J.LARDINOIS
MemberoftheCommission
ANNEX
totheCommissionRegulationof16January1974fixingtherefundsonwhitesugarand
rawsugarexportedinthenaturalstate
(u.a.HOOkg)
CCT
heading
NoDescriptionofgoods Refund
17.01 Beetsugarandcanesugar,solid:
B.Undenatured :
I.Whitesugar—
II.Rawsugar:
(a)Candysugar oC)
(b)Otherrawsugar—
(')Applicabletorawsugarwithayieldof92%;iftheyieldisotherthan92°/o,therefundapplicableis
calculatedinaccordancewiththeprovisionsofArticle5(3)ofRegulation (EEC)No766/68.