NoL347/34 OfficialJournaloftheEuropeanCommunities 28.11.92
COMMISSION REGULATION (EEC)No3424/92
of27November 1992
fixingthecorrectiveamountapplicabletotherefundonmalt
THECOMMISSION OFTHEEUROPEAN COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,
HavingregardtoCouncilRegulation(EEC)No2727/75
of29October1975onthecommonorganizationofthe
marketincereals('),aslastamendedbyCouncilRegula­
tion(EEC)No1738/92(2),
HavingregardtoCouncilRegulation(EEC)No2746/75
of29October1975layingdowngeneralrulesforgranting
exportrefundsoncerealsandcriteriaforfixingthe
amountofsuchrefunds(3),
WhereasArticle16(4)ofRegulation(EEC)No2727/75
providesthattheexportrefundapplicabletocerealson
thedayonwhichapplicationforanexportlicenceis
made,adjustedforthethresholdpriceinforceduringthe
monthofexportation,mustbeappliedonrequestto
exportstobeeffectedduringtheperiodofvalidityofthe
exportlicence;whereas,inthiscase,acorrectiveamount
mustbeappliedtotherefund;
WhereasCouncilRegulation(EEC)No2744/75of29
October1975ontheimportandexportsystemfor
productsprocessedfromcerealsandfromrice(4),aslast
amendedbyRegulation (EEC)No1906/87(%made
possiblethefixingofacorrectiveamountforcertain
productslistedinArticle1(d)ofRegulation(EEC)No
2727/75:Whereastheworldmarketsituationorthespecificrequi­
rementsofcertainmarketsmaymakeitnecessarytovary
thecorrectiveamountaccordingtodestination ;
Whereasthecorrectiveamountmustbefixedatthesame
timeastherefundandaccordingtothesameprocedure;
whereasitmaybealteredintheperiodbetweenfixings;
Whereas,ifthesystemofcorrectiveamountsistooperate
normally,correctiveamountsshouldbecalculatedonthe
followingbasis:
—inthecaseofcurrencieswhicharemaintainedinrela­
tiontoeachotheratanygivenmomentwithinaband
of2,25%,arateofexchangebasedontheircentral
rate,multipliedbythecorrectivefactorprovidedforin
thelastparagraphofArticle3(1)ofCouncilRegula­
tion(EEC)No1676/85(7),aslastamendedbyRegula­
tion(EEC)No2205/90(8),
—fortheothercurrencies,anexchangeratebasedonan
averageoftheecuratespublishedintheOfficial
JournaloftheEuropeanCommunities ,Cseries,over
aperiodtobedetermined,multipliedbythecoeffi­
cientreferredtointheprecedingindent;
Whereasitfollowsfromapplyingtheprovisionssetout
abovethatthecorrectiveamountmustbeassetoutinthe
Annexhereto;
WhereasthemeasuresprovidedforinthisRegulationare
inaccordancewiththeopinionoftheManagement
CommitteeforCereals,
HASADOPTEDTHISREGULATION :WhereasCommissionRegulation (EEC)No1281/75(6)
laiddowndetailedrulesfortheadvancefixingofexport
refundsforcerealsandcertainproductsprocessedfrom
cereals;
Article1
ThecorrectiveamountreferredtoinArticle16(4)of
Regulation(EEC)No2727/75whichisapplicableto
exportrefundsfixedinadvanceinrespectofmaltshallbe
assetoutintheAnnexhereto.Whereas,pursuanttothatRegulation,whenthecorrective
amountisbeingfixedinrespectofmalt,accountmustbe
takenoftheexistingsituationandthefuturetrendwith
regardtothepossibilitiesandconditionsforthesaleof
thecerealsconcernedandofmaltontheworldmarket;
whereasthesameRegulationalsoprovidesthataccount
mustbetakenofthequantityofcerealsneededfor
makingmalt,theeconomicaspectofexportsandthe
needtoavoiddisturbancesontheCommunitymarket;Article2
ThisRegulationshallenterintoforceon1December
1992.(■)OJNoL281,1.11.1975,p.1.
(2)OJNoL180,1.7.1992,p.1.
0OJNoL281,1.11.1975,p.78.
(4)OJNoL281,1.11.1975,p.65.
0OJNoL182,3.7.1987,p.49.
«OJNoL131,22.5.1975,p.15.0OJNoL164,24.6.1985,p.1.
(8)OJNoL201,31.7.1990,p.9.

28.11.92 OfficialJournaloftheEuropeanCommunities NoL347/35
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,27November1992.
FortheCommission
RayMACSHARRY
MemberoftheCommission
ANNEX
totheCommissionRegulationof27November1992fixingthecorrectiveamount
applicabletotherefundonmalt
(ECU/tonne)
Current1stperiod2ndperiod3rdperiod4thperiod5thperiodProductcode
12 1234 5
11071011000 000000
11071019000 000000
11071091000 000000
11071099000 000000
11072000000 000000
(ECU/tonne)
6thperiod7thperiod8thperiod9thperiod10thperiod11thperiodProductcode
67 8910 11
11071011000 000000
11071019000 000000
11071091000 000000
11071099000 000000
11072000000 000000