NoL302/12 OfficialJournaloftheEuropeanCommunities 4.11.76
COMMISSION REGULATION (EEC)No2676/76
of3November 1976
fixingtherefundsonwhitesugarandrawsugarexportedinthenaturalstate
Whereastheworldmarketsituationorthespecific
requirements ofcertainmarketsmaymakeitneces­
sarytovarytherefundforsugaraccordingtodestina­
tion;
Whereas,inspecialcases,theamountoftherefund
maybefixedbyotherlegalmeans;
Whereas,iftherefundsystemistooperatenormally,
refundsshouldbecalculatedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintainedin
relationtoeachother,atanygivenmoment,
withinabandof2-25%,arateofexchangebased
ontheireffectiveparity;
—forothercurrenciesanexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeach
ofthesecurrenciesrecordedforagivenperiod,in
relationtotheCommunitycurrenciesreferredto
intheprevioussubparagraph ;
Whereastherefundmustbefixedeverytwoweeks;
whereasitmaybealteredintheinterveningperiod;
Whereasitfollowsfromapplyingtheserulestothe
presentsituationonthemarketinsugarandinparti­
culartoquotationsorpricesforsugarwithinthe
Communityandontheworldmarketthattherefund
shouldbefixedattheamountsshownintheAnnex
tothisRegulation ;
WhereasthemeasuresprovidedforinthisRegulation
areinaccordancewiththeopinionoftheManage­
mentCommitteeforSugar,THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,
HavingregardtoCouncilRegulation (EEC)No
3330/74of19December1974onthecommonorgani­
zationofthemarketinsugar(!),aslastamendedby
Regulation (EEC)No1487/76(2),andinparticularthe
firstsentenceofthelastsubparagraph ofArticle19(2)
thereof,
HavingregardtotheopinionoftheMonetary
Committee ,
WhereasArticle19ofRegulation (EEC)No3330/74
providesthatthedifferencebetweenquotationsor
pricesontheworldmarketfortheproductslistedin
Article1(l)(a)ofthatRegulationandpricesforthose
productswithintheCommunitymaybecoveredby
anexportrefund;
WhereasCouncilRegulation (EEC)No766/68of18
June1968layingdowngeneralrulesforgranting
exportrefundsonsugar(3),aslastamendedbyRegula­
tion(EEC)No1489/76(4),providesthatwhenrefunds
onwhiteandrawsugar,undenaturedandexportedin
thenaturalstate,arebeingfixedaccountmustbe
takenofthesituationontheCommunityandworld
marketsinsugarandinparticularofthepriceand
costfactorssetoutinArticle3ofthatRegulation ;
whereasthesameArticleprovidesthattheeconomic
aspectoftheproposedexportsshouldalsobetaken
intoaccount;
Whereastherefundonrawsugarmustbefixedin
respectofthestandardquality;whereasthelatteris
definedinArticle 1ofCouncilRegulation (EEC)No
431/68of9April1968determiningthestandard
qualityforrawsugarandfixingtheCommunityfron­
tiercrossingpointforcalculatingcifpricesfor
sugar(5);
Whereas,furthermore ,thisrefundshouldbefixedin
accordancewithArticle5(2)ofRegulation (EEC)No
766/68;whereascandysugarisdefinedinCommis­
sionRegulation (EEC)No394/70of2March1970on
detailedrulesforgrantingexportrefundsonsugar(6),
asamendedbyRegulation (EEC)No1499/76(7);HASADOPTED THISREGULATION :
Article1
TherefundsontheproductslistedinArticle1(1)(a)
ofRegulation (EEC)No3330/74,undenaturedand
exportedinthenaturalstate,areherebyfixedatthe
amountsshownintheAnnex.
(')OJNoL.3.59,31.12.1974,p.1.
(:)OJNoL167,26.6.1976,p.9.
(J)OJNoL143,2.5.6.1968,p.6.
(4)OJNoL167,26.6.1976,p.13.Article2
(5)OINoL89,10.4.1968,p.3.
(6)OJNoL.50,4.3.1970,p.1.
(;)OJNoL167,26.6.1976,p.29.ThisRegulationshallenterintoforceon4November
1976.

4.11.76 OfficialJournaloftheEuropeanCommunities NoL302/13
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,3November1976.
FortheCommission
P.J.LARDINOIS
MemberoftheCommission
ANNEX
totheCommissionRegulationof3November1976fixingtherefundsonwhitesugarand
rawsugarexportedinthenaturalstate
(u.aJlOQkg)
CCT
heading
NoDescriptionofgoods Refund
17.01 Beetsugarandcanesugar,solid:
A.Whitesugar 10-00
B.Rawsugar:
(a)Candysugar 12-11C)
(b)Otherrawsugar 9-20(')
(')Applicabletorawsugarwithayieldof92%;iftheyieldisotherthan92%,therefundapplicableiscalculatedinaccordancewith
theprovisionsofArticle5(3)ofRegulation (EEC)No766/68.