NoL277/18 OfficialJournaloftheEuropeanCommunities 8.10.76
COMMISSION REGULATION (EEC)No2448/76
of7October1976
fixingthecorrectiveamountapplicabletotherefundoncereals
nitymarketontheonehandandpricesforcereals
andcerealproductsontheworldmarketonthe
other;whereasthesameArticleprovidesthatitisalso
importanttoensureequilibriumandthenaturaldeve­
lopmentofpricesandtradeoncerealmarketsand,
furthermore ,totakeintoaccounttheeconomicaspect
oftheproposedexportsandtheneedtoavoiddistur­
bancesontheCommunitymarket;
WhereasfortheproductslistedinArticle1(c)of
Regulation (EEC)No2727/75accountshouldbe
takenofthespecificcriterialaiddowninArticle2(2)
ofRegulation (EEC)No1281/75;
Whereastheworldmarketsituationorthespecific
requirements ofcertainmarketsmaymakeitneces­
sarytovarythecorrectiveamountaccordingtodesti­
nation;
Whereasthecorrectiveamountmustbefixedatthe
sametimeastherefundandaccordingtothesame
procedure ;
Whereasitmaybealteredintheperiodbetween
fixings;
Whereas,ifthesystemofcorrectiveamountsisto
operatenormally,correctiveamountsshouldbecalcu­
latedonthefollowingbasis:
—inthecaseofcurrencies,whicharemaintainedin
relationtoeachother,atanygivenmoment,
withinabandof2-25%,arateofexchangebased
ontheireffectiveparity;
—forothercurrenciesanexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeach
ofthesecurrenciesrecordedforagivenperiod,in
relationtotheCommunitycurrenciesreferredto
intheprecedingsubparagraph ;THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,
HavingregardtoCouncilRegulation (EEC)No
2727/75of29October1975onthecommonorgani­
zationofthemarketincereals('),aslastamendedby
Regulation (EEC)No1143/76(2),andinparticularthe
thirdsentenceofthesecondsubparagraph ofArticle
16(4)thereof,
HavingregardtoCouncilRegulation (EEC)No
2746/75of29October1975layingdowngeneral
rulesforgrantingexportrefundsoncerealsand
criteriaforfixingtheamountofsuchrefunds(3),
HavingregardtotheopinionoftheMonetary
Committee ,
WhereasArticle16(4)ofRegulation (EEC)No
2727/75providesthattheexportrefundapplicableto
cerealsonthedayonwhichapplicationforanexport
licenceismade,adjustedforthethresholdpricein
forceduringthemonthofexportation ,mustbe
appliedonrequesttoexportstobeeffectedduringthe
periodofvalidityoftheexportlicence;whereas,in
thiscase,thecorrectiveamountmustbeappliedto
therefund;
WhereasCouncilRegulation (EEC)No2744/75of29
October1975ontheimportandexportsystemfor
productsprocessedfromcerealsandfromrice(4),
madepossiblethefixingofacorrectiveamountfor
certainproductslistedinArticle1(c)ofRegulation
(EEC)No2727/75;
WhereasRegulation (EEC)No1281/75(5)laiddown
detailedrulesfortheadvancefixingofexportrefunds
forcerealsandcertainproductsprocessedfrom
cereals;
Whereas,pursuanttothatRegulation ,whenthecorrec­
tiveamountisbeingfixedaccountmustbetakenof
theexistingsituationandthefuturetrendwithregard
topricesandavailabilitiesofcerealsontheCommu­Whereasitfollowsfromapplyingtheprovisions
referredtoabovethatthecorrectiveamountmustbe
fixedasshowninthetableannexedtothisRegula­
tion;
(')OJNoL281,1.11.1975,p.1.
(2)OJNoL130,19.5.1976,p.1.
(3)OJNoL281,1.11.1975,p.78.
(4)OJNoL281,1.11.1975,p.65.
(5)OJNoL131,22.5.1975,p.15.WhereasthemeasuresprovidedforinthisRegulation
areinaccordancewiththeopinionoftheManage­
mentCommitteeforCereals,

8.10.76 OfficialJournaloftheEuropeanCommunities NoL277/19
HASADOPTEDTHISREGULATION :
Article1herebyfixedasshowninthetablesannexedtothis
Regulation .
Article2ThecorrectiveamountreferredtoinArticle16(4)of
Regulation(EEC)No2727/75whichisapplicableto
exportrefundsfixedinadvanceinrespectofcerealsisThisRegulationshallenterintoforceon8October
1976.
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,7October1976.
FortheCommission
P.J.LARDINOIS
MemberoftheCommission
ANNEX
totheCommissionRegulationof7October1976fixingthecorrectiveamountapplicable
totherefundoncereals
Cereals
(n.ii./nutrnton)
CCT
heading
NoDescriptionofgoodsCurrent
K)ist
period
II2nd
period
12,!rd
period
I4th
period
25th
period
ï6th
period
4
10.01ACommonwheat,andmesiin 0 0 0 0 0
10.01BDurumwheat
forexportto:
—Switzerland ,Austriaand
Liechtenstein 0+5-00+5-00+5-00— — —
—otherthirdcountries 0 0 0 0 — —
10.02 Rye 0 0 0 0 — — —
10.03 Barley 0 0 0 0 0 — —
10.04 Oats 0 0 0 0 — — —
10.05BMaizeotherthanhybridmaize
forsowing— — — — — —
10.07CGrainsorghum 0 0 0 0 — —
11.01A Commonwheatflour 0 0 0 0 0 — —
11.01BRyeflour 0 0 0 0 0 —
11.02AIaDurumwheatgroatsandmeal 0 0 0 0 0 — —
11.02AIbCommonwheatgroatsand
meal 0 0 0 0 0 —
N.B,ThezonesarethosedefinedinRegulation (EEC)No306/76(OJNoL38,13.2.1976).