8.10.76 OfficialJournaloftheEuropeanCommunities NoL277/15
COMMISSION REGULATION (EEC)No2447/76
of7October1976
fixingtherefundsapplicabletocerealsandwheatorryeflourgroatsandmeal
thesequantitieswerefixedinRegulationNo162/
67/EEC(4),asamendedbyRegulation (EEC)No
1607/71(5);
Whereastheworldmarketsituationorthespecific
requirements ofcertainmarketsmaymakeitneces­
sarytovarytherefundforcertainproductsaccording
todestination ;
Whereastherefundmustbefixedatleastoncea
month;whereasitmaybealteredintheintervening
period;
Whereas,iftherefundsystemistooperatenormally,
refundsshouldbecalculatedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintainedin
relationtoeachother,atanygivenmoment,
withinabandof2-25%,arateofexchangebased
ontheireffectiveparity;
—forothercurrenciesanexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeach
ofthesecurrenciesrecordedforagivenperiod,in
relationtotheCommunitycurrenciesreferredto
intheprevioussubparagraph ;THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,
HavingregardtoCouncilRegulation (EEC)No
2727/75of29October1975onthecommonorgan­
izationofthemarketincereals('),aslastamendedby
Regulation (EEC)No1143/76(2),andinparticularthe
firstsentenceofthefourthsubparagraph ofArticle16
(2)thereof,
HavingregardtotheopinionoftheMonetary
Committee ,
WhereasArticle16ofRegulation (EEC)No2727/75
providesthatthedifferencebetweenquotationsor
pricesontheworldmarketfortheproductslistedin
Article1ofthatRegulationandpricesforthose
productsintheCommunitymaybecoveredbyan
exportrefund;
WhereasArticle2ofCouncilRegulationNo(EEC)
No2746/75of29October1975layingdowngeneral
rulesforgrantingexportrefundsoncerealsand
criteriaforfixingtheamountofsuchrefunds(3),
providesthatwhenrefundsarebeingfixedaccount
mustbetakenoftheexistingsituationandthefuture
trendwithregardtopricesandavailabilitiesofcereals
ontheCommunitymarketontheonehandand
pricesforcerealsandcerealproductsontheworld
marketontheother;whereasthesamearticle
providesthatitisalsoimportanttoensureequili­
briumandthenaturaldevelopment ofpricesand
tradeoncerealmarketsand,furthermore ,totakeinto
accounttheeconomicaspectoftheproposedexports
andtheneedtoavoiddisturbances ontheCommu­
nitymarket;
WhereasArticle3ofRegulation (EEC)No2746/75
definesthespecificcriteriatobetakenintoaccount
whentherefundoncerealsisbeingcalculated;
Whereasthesespecificcriteriaaredefined,asfaras
wheatandryeflour,groatsandmealareconcerned,in
Article4ofRegulation (EEC)No2746/75;whereas,
furthermore ,whentherefundontheseproductsis
beingcalculated,accountmustbetakenofthequanti­
tiesofcerealsrequiredfortheirmanufacture ;whereasWhereasitfollowsfromapplyingtherulesoutlined
abovetothepresentsituationonthemarketin
cereals,andinparticulartoquotationsorpricesfor
theseproductswithintheCommunityandonthe
worldmarket,thattherefunds,shouldbefixedas
shownintheAnnextothisRegulation ;
WhereasthemeasuresprovidedforinthisRegulation
areinaccordancewiththeopinionoftheManage­
mentCommitteeforCereals,
HASADOPTED THISREGULATION :
Article1
TherefundsontheproductslistedinArticle1(a),(b)
and(c)ofRegulation (EEC)No2727/75,exportedin
thenaturalstate,areherebyfixedasshowninthe
AnnextothisRegulation .
Article2
ThisRegulationshallenterintoforceon8October
1976.
(')OJNoL281,1.11.1975,p.1.
(2)OJNoL130,19.5.1976,p.1.
(3)OJNoL281,1.11.1975,p.78.(4)OJNo128,27.6.1967,p.2574/67.
(5)OJNoL168,27.7.1971,p.16.

NoL277/16 OfficialJournaloftheEuropeanCommunities 8.10.76
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,7October1976.
FortheCommission
P.J.LARDINOIS
MemberoftheCommission

8.10.76 OfficialJournaloftheEuropeanCommunities NoL277/17
ANNEX
totheCommissionRegulationof7October1976fixingtherefundsapplicabletocereals
andwheatorryeflourgroatsandmeal
(u.a./metricton)
CCT
heading Descriptionofproducts Refund
No
10.01ACommonwheat(')andmesiin -,
forexportto:
—Switzerland ,AustriaandLiechtenstein 1000
—otherthirdcountries 0
10.01BDurumwheat 4500
10.02 Rye(') 0
10.03 Barley 0
10.04 Oats 0
10.05BMaize(otherthanhybridmaizeforsowing)—
10.07CGrainsorghum—
ex11.01AWheatflour:
—ofanashcontentof0to520 57-00
—ofanashcontentof521to600 54-00
—ofanashcontentof601to900 4900
—ofanashcontentof901to1100 4900
—ofanashcontentof1101to1650 3900
—ofanashcontentof1651to1900 3900
ex11.01BRyeflour:
—ofanashcontentof0to700 4800
—ofanashcontentof701to1150 48-00
—■ofanashcontentof1151to1600 48-00
—ofanashcontentof1601to2000 4800
11.02AIaDurumwheatgroatsandmeal:
—ofanashcontentof0to950 7000
—ofanashcontentof951to1300 7000
—ofanashcontentof1301to1500 70-00
11.02AIbCommonwheatgroatsandmeal:
—ofanashcontentof0to520 57-00
(')TherefundisgrantedsolelyinrespectofcommonwheatandryewhichhasnotbeendenaturedpursuanttoArticle7(3)and(5)Regulation (EEC)No
2727/75.
N.B.ThezonesarethosedefinedinRegulation (EEC)No306/76(OJNoL38,13.2.1976).