NoL197/42 OfficialJournaloftheEuropeanCommunities 23.7.76
COMMISSION REGULATION (EEC)No1768/76
of22July1976
fixingthecorrectiveamountapplicabletotherefundonriceandbrokenrice
THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity,
HavingregardtoCouncilRegulation(EEC)No
1418/76of21June1976onthecommonorganiza­
tionofthemarketinrice(1),andinparticularthe
secondsubparagraphofArticle17(4)thereof,
HavingregardtotheopinionoftheMonetary
Committee,determinedinaccordancewithArticle3(2)ofRegula­
tion1428/76(4),based,inrespectofeachmonthfor
whichtheexportlicenceisvalid,onthecifprice
calculatedonthebasisofoffersforshipmentduring
themonthofexportation;
Whereasiftherefundsystemistooperatenormally,
refundsshouldbecalculatedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintainedin
relationtoeachother,atanygivenmoment,
withinabandof2-25%,arateofexchangebased
ontheireffectiveparity;
—forothercurrenciesanexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeach
ofthesecurrenciesrecordedforagivenperiod,in
relationtotheCommunitycurrenciesreferredto
intheprevioussubparagraph ;
Whereasitfollowsfromapplyingalltheseprovisions
thatthecorrectiveamountapplicableon23July1976
mustbefixedasshowninthetableannexedtothis
Regulation;
WhereasthemeasuresprovidedforinthisRegulation
areinaccordancewiththeopinionoftheManage­
mentCommitteeforCereals,Whereasthefirstsubparagraph ofArticle17(4)of
Regulation (EEC)No1418/76providesthatthe
exportrefundapplicabletoriceandbrokenrice,on
thedayonwhichapplicationforanexportlicenceis
made,adjustedforthethresholdpricewhichwillbe
inforceduringthemonthofexportation,mustbe
appliedonrequesttoexportstobeeffectedduringthe
periodofvalidityofthelicence;
WhereasRegulationNo474/67/EEC(2),asamended
byRegulation (EEC)No1397/68(3),laysdown
detailedrulesfortheadvancefixingoftheexport
refundonriceandbrokenrice;
HASADOPTEDTHISREGULATION :WhereasthatRegulationprovidesthattherefund
applicableonthedayonwhichapplicationforan
exportlicenceismademust,whenitisfixedin
advance,bereducedbyanamountnogreaterthanthe
differencebetweenthecifforwarddeliverypriceand
thecifprice,wheretheformerexceedsthelatterby
morethan0-25unitofaccountpermetricton;
whereas,ontheotherhand,therefundmustbe
increasedbyanamountnogreaterthanthedifference
betweenthecifpriceandthecifforwarddelivery
price,wheretheformerexceedsthelatterbymore
than0-25unitofaccountpermetricton;Article1
ThecorrectiveamountreferredtoinArticle17(4)of
Regulation(EEC)No1418/76whichisapplicableto
theexportrefundsfixedinadvanceinrespectofrice
andbrokenriceisherebyfixedasshowninthetable
annexedtothisRegulation .
Whereasthecifpriceisthatdeterminedinaccor­
dancewithArticle16ofRegulation (EEC)No
1418/76,whereasthecifforwarddeliverypriceisthatArticle2
ThisRegulationshallenterintoforceon23July
1976.(!)OJNoL166,25.6.1976,p.1.
(2)OJNo204,24.8.1967,p.20.
(3)OJNoL222,10.9.1968,p.6. (4)OJNoL166,25.6.1976,p.30.

23.7.76 OfficialJournaloftheEuropeanCommunities NoL197/43
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,22July1976.
FortheCommission
P.J.LARDINOIS
MemberoftheCommission
ANNEX
totheCommissionRegulationof22July1976fixingthecorrectiveamountapplicableto
therefundonriceandbrokenrice
(u.a./metricton)
CCT Current1stperiod2ndperiod3rdperiod4thperiod5thperiod
heading Descriptionofgoods
No 7 8 9 10 11 12
10.06 Rice:
A.Paddyrice;huskedrice:
'I.Paddyrice:
a)Roundgrain— — — — — —
b)Longgrain— — — — — —
II.Huskedrice:
a)Roundgrain— — — — — —
b)Longgrain 000000
B.Semi-milledorwhollymilledrice:
I.Semi-milled rice:
a)Roundgrain— — — — — —
b)Longgrain— —,—— — —
II.Whollymilledrice:
a)Roundgrain 000000
b)Longgrain 000000
C.Brokenrice — — — — — —