12.1.73 OfficialJournaloftheEuropeanCommunities NoL11/5
REGULATION (EEC)No54/73OFTHECOMMISSION
of11January1973
fixingthecorrectiveamountapplicabletotherefundoncereals
byRegulation (EEC)No2435/70(6),based,inres­
pectofeachmonthforwhichtheexportlicenceis
valid,onthec.i.f.pricecalculatedonthebasisof
offersforshipmentduringthemonthofexport­
ation;
Whereasthecorrectiveamountsofixedwillbeal­
teredifapplicationofthecalculationprocedure
describedaboveentailsachangeinthatamountof
morethan0.125unitsofaccount;
WhereashoweverArticle2ofRegulationNo
633/67/EECprovidesthatthecorrectiveamount
applicabletotheamountoftherefundfixedin
advanceonexportstobeeffectedafterthethird
monthfollowingthatduringwhichthelicencewas
issuedshouldbefixedonthebasisofforeseable
markettrends;whereastothisendaccountshould
betakenofavailabilities andforeseeabletrendson
theCommunitymarketandofforwardtrendson
theworldmarket,inparticularonthosemarkets
whosespecificrequirementshavemadeitnecessary
tovarytherefund;
Whereasitfollowsfromapplyingallthesepro­
visionsthatthecorrectiveamountmustbefixedas
shownintheTableannexedtothisRegulation ;
WhereasthemeasuresprovidedforinthisRegula­
tionareinaccordancewiththeOpinionofthe
ManagementCommitteeforCereals;
HASADOPTED THISREGULATION :THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuro­
peanEconomicComunity ;
HavingregardtoCouncilRegulationNo
120/67/EEC(*)of13June1967onthecommon
organisation ofthemarketincereals,aslast
amendedbyRegulation (EEC)No2429/72(2),and
inparticularthethirdsentenceofthefirstsub­
paragraphofArticle16(4)thereof;
WhereasArticle16(4)ofRegulationNo120/67/
EECprovidesthattheexportrefundappli­
cabletocerealsonthedayonwhichapplication
foranexportlicenceismade,adjustedforthe
thresholdpriceinforceduringthemonthofex­
portationmustbeappliedonrequesttoexportsto
beeffectedduringtheperiodofvalidityoftheex­
portlicence;whereas,inthiscase,acorrective
amountmustbeappliedtotherefund;
WhereasRegulationNo633/67/EEC(3),aslast
amendedbyRegulation (EEC)No1461/72(4),lays
downdetailedrulesfortheadvancefixingofthe
exportrefundoncereals;
WhereasthatRegulationprovidesthattherefund
applicableonthedayonwhichapplicationfora
exportlicenceismademustwhentherefundis
fixedinadvance,bereducedbynotmorethatthe
differencebetweenthec.i.f.forwarddeliveryprice
andthec.i.f.pricewheretheformerexceedsthe
latterbymorethanoneunitofaccountpermetric
ton;whereas,ontheotherhand,therefundmust
beincreasedbynotmorethanthedifferencebe­
tweenthec.i.f.priceandthec.i.f.forwarddelivery
pricewheretheformerexceedsthelatterbymore
thanoneunitofaccountpermetricton;
Whereasthec.i.f.priceisthatdeterminedinac­
cordancewithArticle13ofRegulationNo
120/67/EEC;whereasthec.i.f.forwarddelivery
priceisthatdeterminedinaccordancewithArticle
3(2)ofRegulationNo140/67/EEC(5),asamendedArticle1
ThecorrectiveamountreferredtoinArticle16(4)
ofRegulationNo120/67/EECwhichisapplicable
toexportrefundsfixedinadvanceinrespectof
cerealsisherebyfixedasshownintheTablean­
nexedtothisRegulation .
Article2
ThisRegulationshallenterintoforceon12January
1973.
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,11January1973.
FortheCommission
P.J.LARDINOIS
MemberoftheCommission
(x)OJNo117,19.6.1967,p.2269/67.
(2)OJNoL264,23.11.1972,p.1.
(3)OJNo233,28.9.1967,p.9.
(4)OJNoL155,11.7.1972,p.35.
(5)OJNo125,26.6.1967,p.2456/67. (6)OJNoL262,3.12.1970,p.3.

NoL11/6 OfficialJournaloftheEuropeanCommunities 12.1.73
ANNEX
totheCommissionRegulationof11January1973fixingthecorrectiveamountapplicable
totherefundoncereals
(u.a./ton)
CCT
heading
NoDescriptionofgoodsCurrent
11st
period
22nd
period
33rd
period
44th
period
55th
period
66th
period
7
10.01A
10.01B
10.02
10.03
10.04
10.05B
10.07CCommonwheat,andmes­
lin
Durumwheat
Rye
Barley
Oats
Maizeotherthanhybrid
maizeforsowing
Grainsorghum
NB:ThezonesarethosedefinedintheAnnextoRegulation (EEC)No941/72(OJNoL107,6.5.1972).