1.11.77 OfficialJournaloftheEuropeanCommunities NoL279/37
COMMISSION REGULATION (EEC)No2404/77
of31October1977
fixingtheexportrefundsonsyrupsandcertainothersugarproductsexportedin
thenaturalstate
Whereasthebasicamountoftherefundontheother
productslistedinArticle1(1)(d)ofRegulation(EEC)
No3330/74exportedinthenaturalstatemustbe
equaltoone-hundredth ofanamountwhichtakes
account,ontheonehand,ofthedifferencebetween
theinterventionpriceforwhitesugarfortheCommu­
nityareawiththelargestsurplusforthemonthfor
whichthebasicamountisfixedandquotationsor
pricesforwhitesugarontheworldmarketand,on
theother,oftheneedtoestablishabalancebetween
theuseofCommunitybasicproductsinthemanufac­
tureofprocessedgoodsforexporttothirdcountries
andtheuseofthirdcountryproductsbroughtin
underinwardprocessingarrangements ;
Whereastheapplicationofthebasicamountmaybe
limitedtosomeoftheproductslistedinArticle1(1)
(d)ofRegulation(EEC)No3330/74;
Whereas,iftherefundsystemistooperatenormally,
refundsshouldbecalculatedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintainedin
relationtoeachotheratanygivenmomentwithin
abandof2-25%,arateofexchangebasedon
theireffectiveparity;
—forothercurrencies,anexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeach
ofthesecurrenciesrecordedforagivenperiodin
relationtotheCommunitycurrenciesreferredto
intheprevioussubparagraph ;
Whereastherefundsreferredtoabovemustbefixed
everymonth;whereastheymaybealteredinthe
interveningperiod;
WhereasthemeasuresprovidedforinthisRegulation
areinaccordancewiththeopinionoftheManage­
mentCommitteeforSugar,THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,
HavingregardtoCouncilRegulation (EEC)No
3330/74of19December1974onthecommonorgani­
zationofthemarketinsugar(!),aslastamendedby
Regulation(EEC)No1110/77(2),andinparticularthe
firstsentenceofthelastsubparagraphofArticle19(2)
thereof,
HavingregardtotheopinionoftheMonetary
Committee ,
WhereasArticle19ofRegulation(EEC)No3330/74
providesthatthedifferencebetweenquotationsor
pricesontheworldmarketfortheproductslistedin
Article1(1)(d)ofthatRegulationandpricesforthose
productswithintheCommunitymaybecoveredby
anexportrefund;
WhereasArticle8ofCouncilRegulation(EEC)No
766/68of18June1968layingdowngeneralrulesfor
grantingexportrefundsonsugar(3),aslastamended
byRegulation(EEC)No1489/76(4),providesthatthe
exportrefundon100kilogramsoftheproductslisted
inArticle1(1)(d)ofRegulation(EEC)No3330/74is
equaltothebasicamountmultipliedbythesucrose
content,including,whereappropriate,othersugars
expressedassucrose;whereasthesucrosecontentof
theproductinquestionisdeterminedinaccordance
withtheprovisionsofArticle13ofCommissionRegu­
lation(EEC)No394/70of2March1970ondetailed
rulesforgrantingexportrefundsonsugar(5),as
amendedbyRegulation(EEC)No1499/76(6);
WhereasArticle7ofRegulation(EEC)No766/68
providesthatthebasicamountoftherefundon
sorboseexportedinthenaturalstatemustbeequalto
thebasicamountoftherefundlessone-hundredth of
theproductionrefundapplicablepursuanttoCouncil
Regulation(EEC)No765/68of18June1968laying
downgeneralrulesfortheproductionrefundonsugar
usedinthechemicalindustry(6),aslastamendedby
Regulation (EEC)No3138/76(8),totheproducts
listedinAnnexItothelastmentionedRegulation;HASADOPTEDTHISREGULATION :
Article1
Therefundtobegrantedontheproductslistedin
Article1(1)(d)ofRegulation (EEC)No3330/74,
exportedinthenaturalstate,isherebyfixedasshown
intheAnnextothisRegulation .
Article2
ThisRegulationshallenterintoforceon1November
1977.»)OJNoL359,31.12.1974,p.1.
2)OJNoL134,28.5.1977,p.1.
3)OJNoL143,25.6.1968,p.6.
4)OJNoL167,26.6.1976,p.13.
5)OJNoL50,4.3.1970,p.1.
6)OJNoL167,26.6.1976,p.29.
7)OJNoL143,25.6.1968,p.1.
8)OJNoL354,24.12.1976,p.1.

NoL279/38 OfficialJournaloftheEuropeanCommunities 1.11.77
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,31October1977.
FortheCommission
FinnGUNDELACH
Vice-President
ANNEX
totheCommissionRegulationof31October1977fixingtheexportrefundsonsyrupsand
certainothersugarproductsexportedinthenaturalstate
(u.aJlOOkg)
CCT
heading
NoDescriptionofgoodsBasicamount
perpercentage
pointofsucrose
content(')
17.02 Othersugars;sugarsyrups;artificialhoney(whetherornot
mixedwithnaturalhoney);caramel:
DIIOthersugarsandsyrups,excludingsorbose
E.Artificialhoney(whetherornotmixedwithnatural
honey)
exF.CaramelmadefromsugarfallingwithinheadingNo
17.010-2160
0-2160
0-2160
17.05 Flavouredorcolouredsugars,syrupsandmolasses,butnot
includingfruitjuicescontainingaddedsugarinanyproportion :
CIIOther,excludingflavouredorcolouredmolasses 0-2160
(*)Thebasicamountisnotapplicabletosyrupswhicharelessthan85%pure(Regulation (EEC)No394/70).Sucrosecontentisdeter­
minedinaccordancewithArticle13ofRegulation (EEC)No394/70.