NoL161/12 OfficialJournaloftheEuropeanCommunities 1.7.77
COMMISSION REGULATION (EEC)No1437/77
of30June1977
fixingtheimportlevyonmolasses
THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,
HavingregardtoCouncilRegulation (EEC)No
3330/74of19December1974onthecommonorgani­
zationofthemarketinsugar(!),aslastamendedby
Regulation (EEC)No1110/77(2),andinparticular
Article15(7)thereof,
HavingregardtotheopinionoftheMonetary
Committee ,
WhereasArticle15(1)ofRegulation (EEC)No
3330/74providesforchargingalevyonimportsof
theproductslistedinArticle1(1)ofthatRegulation ;
Whereastheimportlevyonmolassesmustbeequal
tothethresholdpricelessthecifprice;whereasthe
thresholdpriceformolasseswasfixedbyCouncil
Regulation(EEC)No1113/77of17May1977fixing,
forthe1977/78sugaryear,thederivedintervention
prices,theinterventionpriceforrawbeetsugar,the
minimumpricesforbeet,thethresholdprices,the
maximumamountoftheproductionlevyandthe
amountoftherepaymenttooffsetstoragecosts(3);
Whereasthecifpriceformolassesiscalculatedbythe
CommissionforaCommunityfrontiercrossingpoint
whichwasfixedatRotterdambyCouncilRegulation
(EEC)No431/68of9April1968determiningthe
standardqualityforrawsugarandfixingtheCommu­
nityfrontiercrossingpointforcalculatingcifprices
forsugar(4);
Whereasthispricemustbebasedonthemostfavour­
ablepurchasingopportunities ontheworldmarket
establishedforeachproductonthebasisofquotations
orpricesonthatmarketadjustedforanydeviation
fromthestandardqualityforwhichthethreshold
priceisfixed;whereasthestandardqualityfor
molasseswasdefinedbyCommission Regulation
(EEC)No785/68of26June1968determiningthe
standardqualityandlayingdowndetailedrulesfor
calculatingthecifpriceformolasses(5);
Whereas,whenthemostfavourablepurchasingoppor­
tunitiesontheworldmarketarebeingestablished,the
Commission musttakeaccountofallavailableinfor­
mationonoffersontheworldmarket,onquotations
ontheexchangeswhichareimportantforworldtrade,onpricesrecordedonimportantthird-country
marketsandonsalesconcludedininternational trade
ofwhichithasknowledge,eitherdirectlyorthrough
theagencyoftheMemberStates;whereas,underthe
termsofArticle7ofRegulation(EEC)No785/68,the
Commissionmayforthispurposetakeanaverageof
severalpricesasabasis,providedthisaveragecanbe
regardedasbeingrepresentative ofactualmarket
trends;
WhereastheCommissionmustdisregardinformation
ifthegoodsconcernedarenotofsoundandfair
marketablequalityorifthepricequotedinanoffer
relatestoasmallquantityandisnotrepresentative of
themarket;whereasofferpriceswhichcanbe
regardedasnotrepresentative ofactualmarkettrends
mustalsobedisregarded ;
Whereas,oftheofferpricestakenintoconsideration ,
thosewhicharenotfordeliverycifRotterdammust
beadjusted,accountbeingtakeninparticularofthe
differencesinthecostoftransportingthegoods
betweentheportofloadingandtheportofdestina­
tionandbetweentheportofloadingandRotterdam ;
Whereas,ifinformationonmolassesofthestandard
qualityistobecomparable ,pricesmust,depending
onthequalityofthemolassesoffered,beincreasedor
reducedinthelightoftheresultsobtainedby
applyingArticle6ofRegulation (EEC)No785/68;
Whereasthecifpricemay,bywayofexception,be
leftunchangedforalimitedperiodiftheofferprice
whichservedasabasisforthepreviouscalculationof
thecifpriceisnotavailabletotheCommissionandif
theofferpriceswhichareavailableandwhichappear
nottobesufficientlyrepresentative ofactualmarket
trendswouldentailsuddenandconsiderablechanges
inthecifprice;
Whereasthelevymustbefixedeachweek;whereas
pursuanttoArticle5ofCommission Regulation
(EEC)No837/68of28June1968ondetailedrules
fortheapplicationofleviesonsugar(6),aslast
amendedbyRegulation (EEC)No1491/70(7),the
levyisalteredonlyifthevariationintheelements
usedtocalculateitwouldentailanincreaseorareduc­
tionofnotlessthan005unitofaccountper100kilo­
gramsinrelationtothelevypreviouslyfixed;
Whereas,inaccordancewithArticle21(1)ofRegula­
tion(EEC)No3330/74,thenomenclature provided(')OJNoL359,31.12.1974,p.1.
(2)OJNoL134,28.5.1977,p.1.
(3)OJNoL134,28.5.1977,p.11.
(4)OJNoL89,10.4.1968,p.3.
(5)OJNoL145,27.6.1968,p.12.(6)OJNoL151,30.6.1968,p.42.
(7)OJNoL16S,28.7.1970,p.8.

1.7.77 OfficialJournaloftheEuropeanCommunities NoL161/13
Whereasitfollowsfromapplyingalltheseprovisions
thatthelevyformolassesshouldbefixedasshownin
theAnnextothisRegulation,
HASADOPTED THISREGULATION :
Article1forinthisRegulationisincorporatedintheCommon
CustomsTariff;
Whereas,ifthelevysystemistooperatenormally,
leviesshouldbecalculatedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintainedin
relationtoeachother,atanygivenmoment,
withinabandof2-25%,arateofexchangebased
ontheireffectiveparity;
—forothercurrenciesanexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeach
ofthesecurrenciesrecordedforagivenperiod,in
relationtotheCommunitycurrenciesreferredto
intheprevioussubparagraph ;
WhereastheopinionoftheMonetaryCommitteewas
requested;ThelevyreferredtoinArticle15(1)ofRegulation
(EEC)No3330/74is,inrespectofmolasses,hereby
fixedasshownintheAnnextothisRegulation.
Article2
ThisRegulationshallenterintoforceon1July1977.
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,30June1977.
FortheCommission
FinnGUNDELACH
Vice-President
ANNEX
totheCommissionRegulationof30June1977fixingtheimportleviesonmolasses
(u.aJlOOkg)
CCT
heading Descriptionofgoods Levy
No
17.03 Molasses,whetherornotdecolorized 0