NoL264/49 1.10.74 OfficialJournaloftheEuropeanCommunities
REGULATION (EEC)No2467/74OFTHECOMMISSION
of30September1974
fixingtheexportrefundonoliveoil
THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ;
HavingregardtoCouncilRegulationNo136/
66/EECC)of22September1966ontheestablish­
mentofacommonorganizationofthemarketinoils
andfats,aslastamendedbyRegulation (EEC)No
1707/730;
HavingregardtoCouncilRegulationNo162/
66/EEC(3)of27October1966ontradeinoilsand
fatsbetweentheCommunityandGreece;
HavingregardtoCouncilRegulationNo171/
67/EEC(4)of27June1967onexportrefundsand
leviesonoliveoil,aslastamendedbyRegulation
(EEC)No2429/72'(5),andinparticularthefirst
sentenceofArticle7thereof;
HavingregardtotheOpinionoftheMonetary
Committee ;
WhereasArticle18ofRegulationNo136/66/EEC
providesthat,wherepriceswithintheCommunityare
higherthanworldmarketprices,thedifference
betweenthesepricesmaybecoveredbyarefund
whenoliveoilisexportedtothirdcountries;
WhereasArticle8ofRegulationNo162/66/EEC
providesthatArticle18ofRegulationNo136/
66/EECandthemeasurestakeninapplicationthereof
apply,subjecttotheprovisionsoftheAgreementesta­
blishinganAssociationbetweentheEuropean
EconomicCommunityandGreece,totradebetween
theCommunityandGreece;
Whereastherulesandotherprovisionsforfixingand
grantingexportrefundsonoliveoilarecontainedin
RegulationNo171/67/EECand(EEC)No616/72(6);
WhereasArticle2ofRegulationNo171/67/EEC
providesthattherefundmustbethesameforthe
wholeCommunity ;
WhereasArticle3ofRegulationNo171/67/EEC
providesthatwhentherefundonoliveoilisbeing
fixedaccountmustbetakenof:—theexistingsituationandthefuturetrendwith
regardtopricesandavailabilitiesofoliveoilon
theCommunitymarketandpricesforoliveoilon
theworldmarket;
—theaimsofthecommonorganization ofthe
marketinoliveoilwhicharetoensureequili­
briumandthenaturaldevelopmentofpricesand
tradeonthismarket;
—theneedtoavoiddisturbancesontheCommunity
market;and
—theeconomicaspectoftheproposedexports;
Whereas,furthermore ,Article4ofRegulationNo
171/67/EECprovidesthatthesaidrefundmustbe
fixedinaccordancewiththefollowingcriteria:
—oliveoilpricesinthemainproducingareasofthe
Community ;
—themostfavourablequotationsrecordedonthe
variousmarketsofimportingthirdcountriesand
Greece;and
—marketingcostsandthemostfavourabletransport
chargesfromCommunitymarketsinthemain
producingareastoportsorotherpointsofexport
intheCommunity ,aswellascostsincurredin
placingthegoodsontheworldmarket;
WhereasArticle5ofRegulationNo171/66/EEC
providesthattherefundonoliveoilmaybevaried
accordingtodestinationwheretheworldmarketsitua­
tionorthespecificrequirements ofcertainmarkets
makethisnecessary ;
WhereasArticle7ofRegulationNo171/67/EEC
providesthattherefundmustbefixedatleastonce
everymouth;whereasitmay,ifnecessary,bealtered
intheinterveningperiod;
Whereasitfollowsfromapplyingtheserulesand
otherprovisionstothepresentsituationonthe
marketinoliveoilandinparticulartooliveoilprices
withintheCommunityandonthemarketsofthird
countriesandGreecethattherefundshouldbefixed
attheamountsshownintheAnnextothisRegula­
tion;(')OJNo172,30.9.1966,p.3025/66.
(-')OJNoL175,29.6.1973,p.5.
(J)OJNo197,29.10.1966,p.3393/66.b)OJNo130,28.6.1967,p.2600/67.
(s)OJNoL264,23.11.1972,.p.1.
o)OJNoL78,31.3.1972,p.1.

NoL264/50 OfficialJournaloftheEuropeanCommunities1.10.74
HASADOPTED THISREGULATION :
ArticlcI
TherefundsontheproductslistedinArticle 1(2)(c)
ofRegulationNo13.6/66/EEC,exportedtothirdcoun­
triesandGreece,areherebyfixedasshowninthe
AnnextothisRegulation .Whereas,ittherefundsystemistooperatenormally,
refundsshouldbecalculatedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintained in
relationtoeachother,atanygivenmoment,
withinabandof2-25%,arateofexchangebased
ontheireffectiveparity;
—forothercurrenciesanexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeach
ofthesecurrenciesrecordedforagivenperiod,in
relationtotheCommunitycurrenciesreferredto
intheprevioussubparagraph ;
WhereasthemeasuresprovidedforinthisRegulation
areinaccordancewiththeOpinionoftheManage­
mentCommitteeforOilsandFats,Articlc2
ThisRegulationshallenterintoforceon1October
1974.
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,30September1974.
FortheCommission
P.J.LARDINOIS
MemberoftheCommission
ANNEX
Refundinu.a./lOOkgapplicabletooliveoilfrom1October1974
CCTheadingNo Descriptionofgoods Refund
15.07 Fixedvegetableoils,fluidorsolid,crude,refinedorpurified:
A Oliveoil:
1 Havingundergonearefiningprocess:
a) Obtainedbyrefiningvirginoliveoil,whetherornotblendedwithvirgin
oliveoil:
(1)Inimmediatepackingsofanetcapacityof5kgorless:
—onexporttoEuropeanthirdcountriesexcludingGreeceandthird
countriesontheMediterranean 2-000
—onexportstootherthirdcountriesexcludingGreece,Europeanthird
countriesandthirdcountriesontheMediterranean 4-000
II Other:
a) Virginoliveoil:
(1)Inimmediatepackingsofanetcapacityof5kgorless:
-—onexportsrothirdcountriesexcludingGreece,Europeanthirdcountries
andthirdcountriesontheMediterranean 4-000