1.4.77 OfficialJournaloftheEuropeanCommunities NoL84/71
COMMISSION REGULATION (EEC)No690/77
of31March1977
fixingthecorrectiveamountapplicabletotherefundoncereals
THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,
HavingregardtoCouncilRegulation (EEC)No
2727/75of29October1975onthecommonorgani­
zationofthemarketincereals('),aslastamendedby
Regulation (EEC)No3138/76(2),andinparticularthe
thirdsentenceofthesecondsubparagraph ofArticle
16(4)thereof,
HavingregardtoCouncilRegulation (EEC)No
2746/75of29October1975layingdowngeneral
rulesforgrantingexportrefundsoncerealsand
criteriaforfixingtheamountofsuchrefunds(3),
HavingregardtotheopinionoftheMonetary
Committee ,
WhereasArticle16(4)ofRegulation (EEC)No
2727/75providesthattheexportrefundapplicableto
cerealsonthedayonwhichapplicationforanexport
licenceismade,adjustedforthethresholdpricein
forceduringthemonthofexportation ,mustbe
appliedonrequesttoexportstobeeffectedduringthe
periodofvalidityoftheexportlicence;whereas,in
thiscase,thecorrectiveamountmustbeappliedto
therefund;
WhereasCouncilRegulation (EEC)No2744/75of29
October1975ontheimportandexportsystemfor
productsprocessedfromcerealsandfromrice(4),
madepossiblethefixingofacorrectiveamountfor
certainproductslistedinArticle 1(c)ofRegulation
(EEC)No2727/75;
WhereasRegulation (EEC)No1281/75(5)laiddown
detailedrulesfortheadvancefixingofexportrefunds
forcerealsandcertainproductsprocessedfrom
cereals;
Whereas,pursuanttothatRegulation ,whenthecorrec­
tiveamountisbeingfixedaccountmustbetakenof
theexistingsituationandthefuturetrendwithregard
topricesandavailabilitiesofcerealsontheCommu­nitymarketontheonehandandpricesforcereals
andcerealproductsontheworldmarketonthe
other;whereasthesameArticleprovidesthatitisalso
importanttoensureequilibriumandthenaturaldeve­
lopmentofpricesandtradeoncerealmarketsand,
furthermore ,totakeintoaccounttheeconomicaspect
oftheproposedexportsandtheneedtoavoiddistur­
bancesontheCommunitymarket;
WhereasfortheproductslistedinArticle1(c)of
Regulation (EEC)No2727/75accountshouldbe
takenofthespecificcriterialaiddowninArticle2(2)
ofRegulation (EEC)No1281/75;
Whereastheworldmarketsituationorthespecific
requirements ofcertainmarketsmaymakeitneces­
sarytovarythecorrectiveamountaccordingtodesti­
nation;
Whereasthecorrectiveamountmustbefixedatthe
sametimeastherefundandaccordingtothesame
procedure ;
Whereasitmaybealteredintheperiodbetween
fixings;
Whereas,ifthesystemofcorrectiveamountsisto
operatenormally,correctiveamountsshouldbecalcu­
latedonthefollowingbasis:
—inthecaseofcurrencies ,whicharemaintainedin
relationtoeachother,atanygivenmoment,
withinabandof2-25%,arateofexchangebased
ontheireffectiveparity;
—forothercurrenciesanexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeach
ofthesecurrenciesrecordedforagivenperiod,in
relationtotheCommunitycurrenciesreferredto
intheprecedingsubparagraph ;
Whereasitfollowsfromapplyingtheprovisions
referredtoabovethatthecorrectiveamountmustbe
fixedasshowninthetableannexedtothisRegula­
tion;
WhereasthemeasuresprovidedforinthisRegulation
areinaccordancewiththeopinionoftheManage­
mentCommitteeforCereals,')OJNoL281,1.11.1975,p.1.
-)OJNoL354,24.12.1976,p.1.
3)OJNoL281,1.11.197S,p.78.
4)0[NoL281,1.1I.1975,p.65.
5)O'lNoL131,22.5.1975,p.15.

NoL84/72 OfficialJournaloftheEuropeanCommunities1.4.77
HASADOPTED THISREGULATION :
Article1
ThecorrectiveamountreferredtoinArticle16(4)of
Regulation (EEC)No2727/75whichisapplicableto
exportrefundsfixedinadvanceinrespectofcerealsisherebyfixedasshowninthetableannexedtothis
Regulation .
Article2
ThisRegulationshallenterintoforceon1April
1977.
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,31March1977.
FortheCommission
FinnGUNDELACH
Vice-President
ANNEX
totheCommission Regulationof31March1977fixingthecorrectiveamountapplicable
totherefundoncereals
(u.ti./tonnt)
CCT
Current1st 2nd 3rd 4th Sth 6th
heading Descriptionofgoods period period period period period period
No 4 5 6 7 8 9 10
10.01ACommonwheat,andmesiin 00
10.01BDurumwheat 0 0 000 —
10.02 Rye 000 0 — — —
10.03 Barley 0 0 — — — — —
10.04 Oats 0 0 00 — — —
10.05BMaizeotherthanhybridmaize
forsowing— — — — — — —
10.07CGrainsorghum— — — — — — —
11.01ACommonwheatflour 0 0 000 — —
11.01BRyeflour 0000 0 — —
11.02AIa)Durumwheatgroatsandmeal 00000 — —
11.02AIb)Commonwheatgroatsand
meal 0000 0 — —
N.I3.ThezonesarethosedefinedinRegulation (EEC)No306/76(OJNoL38,13.2.1976).