1.10.76 OfficialJournaloftheEuropeanCommunities NoL268/29
COMMISSION REGULATION (EEC)No2376/76
of30September1976
fixingtheexportrefundonoliveoil
THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,
HavingregardtoCouncilRegulationNo136/66/EEC
of22September1966ontheestablishment ofa
commonorganization ofthemarketinoilsand
fats('),aslastamendedbyRegulation (EEC)No
1707/73(2),
HavingregardtoCouncilRegulationNo162/66/EEC
Df27October1966ontradeinoilsandfatsbetween
:heCommunityandGreece(3),
HavingregardtoCouncilRegulationNo171/67/EEC
;>f27June1967onexportrefundsandleviesonolive
:>il(4),aslastamendedbyRegulation (EEC)No
2429/72(5),andinparticularthefirstsentenceof
Article7thereof,
HavingregardtotheopinionoftheMonetary
Committee ,
WhereasArticle18ofRegulationNo136/66/EEC
providesthat,wherepriceswithintheCommunityare
ligherthanworldmarketprices,thedifference
betweenthesepricesmaybecoveredbyarefund
jvhenoliveoilisexportedtothirdcountries;
WhereasArticle8ofRegulationNo162/66/EEC
orovidesthatArticle18ofRegulationNo136/
S6/EECandthemeasurestakeninapplicationthereof
apply,subjecttotheprovisionsoftheAgreementesta­
blishinganAssociationbetweentheEuropean
EconomicCommunityandGreece,totradebetween
:heCommunityandGreece;
Whereastherulesandotherprovisionsforfixingand
grantingexportrefundsonoliveoilarecontainedin
RegulationNo171/67/EECand(EEC)No616/72(6),
isamendedbyRegulation (EEC)No503/76(7);
WhereasArticle2ofRegulationNo171/67/EEC
providesthattherefundmustbethesameforthe
wholeCommunity ;
WhereasArticle3ofRegulationNo171/67/EEC
providesthatwhentherefundonoliveoilisbeing
fixedaccountmustbetakenof:—theexistingsituationandthefuturetrendwith
regardtopricesandavailabilitiesofoliveoilon
theCommunitymarketandpricesforoliveoilon
theworldmarket;
—theaimsofthecommonorganization ofthe
marketinoliveoilwhicharetoensureequili­
briumandthenaturaldevelopmentofpricesand
tradeonthismarket;
—theneedtoavoiddisturbancesontheCommunity
market;and
—theeconomicaspectoftheproposedexports;
Whereas,furthermore ,Article4ofRegulationNo
171/67/EECprovidesthatthesaidrefundmustbe
fixedinaccordancewiththefollowingcriteria:
—oliveoilpricesinthemainproducingareasofthe
Community ;
—themostfavourablequotationsrecordedonthe
variousmarketsofimportingthirdcountriesand
Greece;and
—marketingcostsandthemostfavourabletransport
chargesfromCommunitymarketsinthemain
producingareastoportsorotherpointsofexport
intheCommunity ,aswellascostsincurredin
placingthegoodsontheworldmarket;
WhereasArticle5ofRegulationNo171/67/EEC
providesthattherefundonoliveoilmaybevaried
accordingtodestinationwheretheworldmarketsitua­
tionorthespecificrequirements ofcertainmarkets
makethisnecessary;
WhereasArticle7ofRegulationNo171/67/EEC
providesthattherefundmustbefixedatleastonce
everymonth;whereasitmay,ifnecessary,bealtered
intheinterveningperiod;
Whereasitfollowsfromapplyingtheserulesand
otherprovisionstothepresentsituationonthe
marketinoliveoilandinparticulartooliveoilprices
withintheCommunityandonthemarketsofthird
countriesandGreecethattherefundshouldbefixed
attheamountsshownintheAnnextothisRegula­
tion;(')OJNo172,.30.9.1966,p.3025/66.
(2)OJNoL175,29.6.1973,p.5.
(3)OJNo197,29.10.1966,p.3393/66.
(4)OJNo130,28.6.1967,p.2600/67.
(5)OJNoL264,23.11.1972,p.1.
(")OJNoL78,31.3.1972,p.1.
(7)OJNoL59,6.3.1976,p.26.

NoL268/30 OfficialJournaloftheEuropeanCommunities 1.10.76
HASADOPTEDTHISREGULATION :
Article1Whereas,iftherefundsystemistooperatenormally,
refundsshouldbecalculatedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintainedin
relationtoeachother,atanygivenmoment,
withinabandof2-25%,arateofexchangebased
ontheireffectiveparity;
—forothercurrenciesanexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeach
ofthesecurrenciesrecordedforagivenperiod,in
relationtotheCommunitycurrenciesreferredto
intheprevioussubparagraph ;
WhereasthemeasuresprovidedforinthisRegulation
areinaccordancewiththeopinionoftheManage­
mentCommitteeforOilsandFats,TherefundsontheproductslistedinArticle1(2)(c)
ofRegulationNo136/66/EEC,exportedtothirdcoun­
triesandGreece,areherebyfixedasshowninthe
AnnextothisRegulation .
Article2
ThisRegulationshallenterintoforceon1October
1976.
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,30September1976.
FortheCommission
P.J.LARDINOIS
MemberoftheCommission
ANNEX
Refundinu.a./100kgapplicabletooliveoilfrom1October1976
CCTheadingNo Descriptionofgoods Refund
15.07 Fixedvegetableoils,fluidorsolid,crude,refinedorpurified:
AOliveoil:
IHavingundergonearefiningprocess:
a)Obtainedbyrefiningvirginoliveoil,whetherornotblendedwithvirgin
oliveoil:
Inimmediatepackingsofanetcapacityof5kgorless:
—onexporttoEuropeanthirdcountriesexcludingGreeceandthirdcountries
ontheMediterranean 4-000
—onexportstootherthirdcountriesexcludingGreece,Europeanthirdcountries
andthirdcountriesontheMediterranean 7-000
IIOther:
a)Virginoliveoil:
Inimmediatepackingsofanetcapacityof5kgorless:
—onexporttoEuropeanthirdcountriesexcludingGreeceandthirdcountries
ontheMediterranean 4-000
—onexportstootherthirdcountriesexcludingGreece,Europeanthirdcountries
andthirdcountriesontheMediterranean 7-000