27.11.92 OfficialJournaloftheEuropeanCommunities NoL346/59
COMMISSION REGULATION (EEC)No3411/92
of26November 1992
fixingtheexportrefundsonmalt
varytherefundforcertainproductsaccordingtodestin­
ation;
Whereas,iftherefundsystemistooperatenormally,
refundsshouldbecalculatedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintainedinrela­
tiontoeachotheratanygivenmomentwithinaband
of2,25%,arateofexchangebasedontheircentral
rate,multipliedbythecorrectivefactorprovidedforin
thelastparagraphofArticle3(1)ofCouncilRegula­
tion(EEC)No1676/85(%aslastamendedbyRegula­
tion(EEC)No2205/90P),
—fortheothercurrencies,anexchangeratebasedonan
averageoftheecuratespublishedintheOfficial
JournaloftheEuropeanCommunities ,Cseries,over
aperiodtobedetermined ,multipliedbythecoeffi­
cientreferredtointheprecedingindent;THECOMMISSION OFTHEEUROPEAN COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,
HavingregardtoCouncilRegulation(EEC)No2727/75
of29October1975onthecommonorganizationofthe
marketincereals('),aslastamendedbyRegulation(EEC)
No1738/92(2),andinparticularthefourthsubparagraph
ofArticle16(2)thereof,
WhereasArticle16ofRegulation(EEC)No2727/75
providesthatthedifferencebetweenquotationsorprices
ontheworldmarketfortheproductslistedinArticle1of
thoseRegulationsandpricesforthoseproductswithin
theCommunitymaybecoveredbyanexportrefund;
WhereasArticle2ofCouncilRegulation(EEC)No
2746/75of29October1975layingdowngeneralrulesfor
grantingexportrefundsoncerealsandcriteriaforfixing
theamountofsuchrefunds(3)providesthatwhenrefunds
arebeingfixedaccountmustbetakenoftheexisting
situationandthefuturetrendwithregardtopricesand
availabilitiesofcerealsontheCommunitymarketonthe
onehandandpricesforcerealsandcerealproductson
theworldmarketontheother;whereasthesameArticle
providesthatitisalsoimportanttoensureequilibrium
andthenaturaldevelopmentofpricesandtradeoncereal
marketsand,furthermore ,totakeintoaccountthe
economicaspectoftheproposedexports,andtheneedto
avoiddisturbancesontheCommunitymarket;
WhereasCouncilRegulation(EEC)No2744/75of29
October1975ontheimportandexportsystemfor
productsprocessedfromcerealsandfromrice(4),aslast
amendedbyRegulation(EEC)No1906/87(*),definesthe
specificcriteriatobetakenintoaccountwhentherefund
ontheseproductsisbeingcalculated;
Whereasitfollowsfromapplyingthesedetailedrulesto
thepresentsituationonthemarketinproductsprocessed
fromcerealsandricethattheexportrefundshouldbe
fixedatanamountwhichwillcoverthedifference
betweenCommunitypricesandworldmarketprices;
Whereastheworldmarketsituationorthespecific
requirementsofcertainmarketsmaymakeitnecessarytoWhereastherefundmustbefixedonceamonth;
whereasitmaybealteredintheinterveningperiod;
WhereasCouncilRegulation (EEC)No1432/92(8),as
amendedbyRegulation(EEC)No2015/92(9),prohibits
tradebetweentheCommunityandtheRepublicsof
SerbiaandMontenegro ;whereasthisprohibitiondoes
notapplytocertainsituationsasgiveninthelimitative
enumeration laiddowninArticles2and3;whereasthis
shouldbetakenintoaccountwhenrefundsarefixed;
WhereasthemeasuresprovidedforinthisRegulationare
inaccordancewiththeopinionoftheManagement
CommitteeforCereals,
HASADOPTEDTHISREGULATION :
Article1
TheexportrefundsonmaltlistedinArticle1(d)ofRegu­
lation(EEC)No2727/75subjecttoRegulation(EEC)No
2744/75shallbeassetoutintheAnnexhereto.
Article2
ThisRegulationshallenterintoforceon27November
1992.
(')OJNoL281,1.11.1975,p.1.
(2)OJNoL180,1.7.1992,p.1.
(3)OJNoL281,1.11.1975,p.78.
(<)OJNoL281,1.11.1975,p.65.
ÓOJNoL182,3.7.1987,p.49.(6)OJNoL164,24.6.1985,p.1.0OJNoL201,31.7.1990,p.9.
(*)OJNoL151,3.6.1992,p.4.0OJNoL205,22.7.1992,p.2.

NoL346/60 OfficialJournaloftheEuropeanCommunities 27.11.92
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,26November1992.
FortheCommission
RayMACSHARRY
MemberoftheCommission
ANNEX
totheCommissionRegulationof26November1992fixingtheexportrefundsonmalt
(ECU/tonne)
Productcode Refund(')
11071019000 78,00(')
11071099000 108,00(')
11072000000 126,00(')
(')InviewofthelackofadecisionbytheCouncilontheCommissionsproposal
COM(92)275of8July1992,theattentionofinterestedpartiesisdrawntothe
possibilitythat,foragri-monetary reasons,anadjustmentwillbemadeinthe
refundonexportsmadefrom1January1993.
NB:Theproductcodesandthefootnotesaredefinedinamended
CommissionRegulation(EEC)No3846/87.