18.11.77 OfficialJournaloftheEuropeanCommunities NoL294/23
COMMISSION REGULATION (EEC)No2539/77
of17November 1977
fixingthecorrectiveamountapplicabletotherefundonriceandbrokenrice
THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,
HavingregardtoCouncilRegulation (EEC)No
1418/76of21June1976onthecommonorganiza­
tionofthemarketinrice(1),asamendedbyRegula­
tion(EEC)No1158/77(2),andinparticularthe
secondsubparagraphofArticle17(4)thereof,
HavingregardtotheopinionoftheMonetary
Committee ,1418/76;whereasthecifforwarddeliverypriceisthat
determinedinaccordancewithArticle3(2)ofRegula­
tion(EEC)No1428/76(5),based,inrespectofeach
monthforwhichtheexportlicenceisvalid,onthecif
pricecalculatedonthebasisofoffersforshipment
duringthemonthofexportation ;
Whereas,iftherefundsystemistooperatenormally,
refundsshouldbecalculatedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintainedin
relationtoeachother,atanygivenmoment,
withinabandof2-25%,arateofexchangebased
ontheireffectiveparity;
—forothercurrencies,anexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeach
ofthesecurrenciesrecordedforagivenperiod,in
relationtotheCommunitycurrenciesreferredto
intheprevioussubparagraph ;
Whereasitfollowsfromapplyingalltheseprovisions
thatthecorrectiveamountapplicableon18
November1977mustbefixedasshowninthetable
annexedtothisRegulation;
WhereasthemeasuresprovidedforinthisRegulation
areinaccordancewiththeopinionoftheManage­
mentCommitteeforCereals,Whereasthefirstsubparagraph ofArticle17(4)of
Regulation (EEC)No1418/76providesthatthe
exportrefundapplicabletoriceancfbrokenriceon
thedayonwhichapplicationforanexportlicenceis
made,adjustedforthethresholdpricewhichwillbe
inforceduringthemonthofexportation,mustbe
appliedonrequesttoexportstobeeffectedduringthe
periodofvalidityofthelicence;
WhereasRegulationNo474/67/EEC(3),asamended
byRegulation (EEC).No1397/68(4),laysdown
detailedrulesfortheadvancefixingoftheexport
refundonriceandbrokenrice:
HASADOPTEDTHISREGULATION :
Article1
ThecorrectiveamountreferredtoinArticle17(4)of
Regulation(EEC)No1418/76whichisapplicableto
theexportrefundsfixedinadvanceinrespectofrice
andbrokenriceisherebyfixedasshowninthetable
annexedtothisRegulation.WhereasthatRegulationprovidesthattherefund
applicableonthedayonwhichapplicationforan
exportlicenceismademust,whenitisfixedin
advance,bereducedbyanamountnogreaterthanthe
differencebetweenthecifforwarddeliverypriceand
thecifprice,wheretheformerexceedsthelatterby
morethan0-25unitofaccountpertonne;whereas,
ontheotherhand,therefundmustbeincreasedby
anamountnogreaterthanthedifferencebetweenthe
cifpriceandthecifforwarddeliveryprice,wherethe
formerexceedsthelatterbymorethan0-25unitof
accountpertonne;
Whereasthecifpriceisthatdeterminedinaccor­
dancewithArticle16ofRegulation (EEC)NoArticle2
ThisRegulationshallenterintoforceon18
November1977. 0)OJNoL166,25.6.1976,p.1.
(2)OJNoL136,2.6.1977,p.13.
3)OJNo204,24.8.1967,p.20.
(4)OJNoL222,10.9.1968,p.6. (5)OJNoL166,25.6.1976,p.30.

NoL294/24 OfficialJournaloftheEuropeanCommunities 18.11.77
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,17November1977.
FortheCommission
FinnGUNDELACH
Vice-President
ANNEX
totheCommissionRegulationof17November1977fixingthecorrectiveamountappli­
cabletotherefundonriceandbrokenrice
(u.a./tonne)
CCT
heading
NoDescriptionofgoodsCurrent
111stperiod
122ndperiod
13rdperiod
24thperiod
35thperiod
4
10.06 Rice:
A.Paddyrice;huskedrice:
I.Paddyrice:
a)Roundgrain
b)Longgrain
II.Huskedrice:
a)Roundgrain
b)Longgrain
B.Semi-milledorwhollymilledrice:
I.Semi-milled rice:
a)Roundgrain
b)Longgrain
II.Whollymilledrice:
a)Roundgrain
b)Longgrain
C.Brokenrice0
0
0
00
0
0
00
0
0
00
0
0
00
0
0
00
0
0
0