NoL73/12 OfficialJournaloftheEuropeanCommunities 19.3.81
COMMISSION REGULATION (EEC)No688/81
of18March1981
fixingtheexportrefundoncandysugar
THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,Whereas,inspecialcases,theamountoftherefund
maybefixedbyotherlegalinstruments ;
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,Whereas,iftherefundsystemistooperatenormally,
refundsshouldbecalculatedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintainedin
relationtoeachotheratanygivenmomentwithin
abandof2-25%,arateofexchangebasedon
theireffectiveparity;
—forothercurrencies,anexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeach
ofthesecurrenciesrecordedforagivenperiodin
relationtotheCommunitycurrenciesreferredto
inthepreviousindent;HavingregardtoCouncilRegulation (EEC)No
3330/74of19December1974onthecommonorgani­
zationofthemarketinsugar(J),aslastamendedby
Regulation(EEC)No3455/80(2),andinparticularthe
firstsentenceofthelastsubparagraphofArticle19(2)
thereof,
HavingregardtotheopinionoftheMonetary
Committee ,
Whereastherefundforcandysugarmustbefixed
everytwoweeks;whereasitmaybealteredinthe
interveningperiod;WhereasArticle19ofRegulation(EEC)No3330/74
providesthatthedifferencebetweenquotationsor
pricesontheworldmarketfortheproductslistedin
Article1(l)(a)ofthatRegulationandpricesforthose
productswithintheCommunitymaybecoveredby
anexportrefund;Whereasitfollowsfromapplyingtherulessetout
abovetothepresentsituationonthemarketinsugar
andinparticulartoquotationsorpricesforsugar
withintheCommunityandontheworldmarketthat
therefundshouldbeassetoutintheAnnexhereto:
WhereasthemeasuresprovidedforinthisRegulation
areinaccordancewiththeopinionoftheManage­
mentCommitteeforSugar,WhereasCouncilRegulation(EEC)No766/68of18
June1968layingdowngeneralrulesforgranting
exportrefundsonsugar(3),aslastamendedbyRegula­
tion(EEC)No1489/76(4),providesthatwhenrefunds
onsugar,undenaturedandexportedinthenatural
state,arebeingfixedaccountmustbetakenofthe
situationontheCommunityandworldmarketsin
sugarandinparticularofthepriceandcostfactorsset
outinArticle3ofthatRegulation ;whereasthesame
Articleprovidesthattheeconomicaspectofthe
proposedexportsshouldalsobetakenintoaccount;HASADOPTEDTHISREGULATION
WhereascandysugarwasdefinedinArticle11of
Regulation(EEC)No394/70of2March1970on
detailedrulesforgrantingexportrefundsonsugar(5),
asamendedbyRegulation(EEC)No1467/77(6);Article1
Theexportrefundoncandysugarundenaturedandin
thenaturalstate,shallbeassetoutintheAnnex
hereto.Whereastheworldmarketsituationorthespecific
requirements ofcertainmarketsmaymakeitneces­
sarytovarytherefundforsugaraccordingtodestina­
tion:
Article2 0)OJNoL359,31.12.1974,p.1.
(2)OJNoL360,31.12.1980,p.17.
(3)OJNoL143,25.6.1968,p.6.
(4)OJNoL167,26.6.1976,p.13.
(5)OJNoL50,4.3.1970,p.1.
(6)OJNoL162,1.7.1977,p.6.ThisRegulationshallenterintoforceon19March
1981.

19.3.81 OfficialJournaloftheEuropeanCommunities NoL73/13
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,18March1981.
FortheCommission
PoulDALSAGER
MemberoftheCommission
ANNEX
totheCommissionRegulationof18March1981fixingtheexportrefundoncandysugar'
(ECU/100kg)
CCT
heading
NoDescription Refund
17.01 Beetsugarandcanesugar,solid:
exA.Whitesugar:
—Candysugar 0
B.Rawsugar:*
exII.Otherrawsugar:
—Candysugar 00)
(')Applicabletorawsugarwithayieldof92%;iftheyieldisotherthan92%,therefundappli­
cableiscalculatedinaccordancewiththeprovisionsofArticle5(3)ofRegulation(EEC)No
766/68.