3.12.76 OfficialJournaloftheEuropeanCommunities NoL334/25
COMMISSION REGULATION (EEC)No2940/76
of2December 1976
fixingtheexportrefundsonmalt
productsprocessedfromcerealsandricethatthe
exportrefundshouldbefixedatanamountwhich
willcoverthedifferencebetweenCommunityprices
andworldmarketprices;
Whereastheworldmarketsituationorthespecific
requirements ofcertainmarketsmaymakeitneces­
sarytovarytherefundforcertainproductsaccording
todestination ;
Whereas,iftherefundsystemistooperatenormally,
refundsshouldbecalculatedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintainedin
relationtoeachother,atanygivenmoment,
withinabandof2-25%,arateofexchangebased
ontheireffectiveparity;
—forothercurrenciesanexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeach
ofthesecurrenciesrecordedforagivenperiod,in
relationtotheCommunitycurrenciesreferredto
intheprevioussubparagraph ;
Whereastherefundmustbefixedonceamonth;
whereasitmaybealteredintheinterveningperiod;
WhereasthemeasuresprovidedforinthisRegulation
areinaccordancewiththeopinionoftheManage­
mentCommitteeforCereals,THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,
HavingregardtoCouncilRegulation (EEC)No
2727/75of29October1975onthecommonorganiza­
tionofthemarketincereals('),aslastamendedby
Regulation (EEC)No1143/76(2),andinparticularthe
fourthsubparagraph ofArticle16(2)thereof;
HavingregardtotheopinionoftheMonetary
Committee ,
WhereasArticle16ofRegulation (EEC)No2727/75
providesthatthedifferencebetweenquotationsor
pricesontheworldmarketfortheproductslistedin
Article 1ofthoseRegulastionsandpricesforthose
productswithintheCommunitymaybecoveredby
anexportrefund;
WhereasArticle2ofCouncilRegulation (EEC)No
2746/75of29October 1975(3),layingdowngeneral
rulesforgrantingexportrefundsoncerealsand
criteriaforfixingtheamountofsuchrefunds,
providesthatwhenrefundsarebeingfixedaccount
mustbetakenoftheexistingsituationandthefuture
trendwithregardtopricesandavailabilitiesofcereals
ontheCommunitymarketontheonehandand
pricesforcerealsontheworldmarketontheother;
whereasthesameArticleprovidesthatitisalsoimpor­
tanttoensureequilibriumandthenaturaldevelop­
mentofpricesandtradeonthemarketsincereals
and,furthermore ,totakeintoaccounttheeconomic ­
aspectoftheproposedexports,andtheneedtoavoid
disturbancesontheCommunitymarket;
WhereasCouncilRegulation (EEC)No2744/75of29
October1975ontheimportandexportsystemfor
productsprocessedfromcerealsandfromrice(4),as
amendedbyRegulation (EEC)No832/76(s),defines
thespecificcriteriatobetakenintoaccountwhenthe
refundontheseproductsisbeingcalculated ;
Whereasitfollowsfromapplyingtheserulesand
criteriatothepresentsituationonthemarketinHASADOPTED THISREGULATION :
Article1
TheexportrefundsonmaltlistedinArticle1(d)of
Regulation (EEC)No2727/75andsubjecttoRegula­
tion(EEC)No2744/75areherebyfixedasshownin
theAnnextothisRegulation .
Articli2
ThisRegulationshallenterintoforceon3Decemberi)OfNoL281,1.1I.197.S,p.1.
-)OJNoL130,19.5.1976,p.1.
'')O'lNoL281,1.11.197S,p.78.
•*)OJNoL281,1.11.197S,p.6.v
s)OJNoL100,14.4.1976,p.1. 1976.

NoL334/26 OfficialJournaloftheEuropeanCommunities 3.12.76
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,2December1976.
FortheCommission
P.J.LARDINOIS
MemberoftheCommission
ANNEX
toCommissionRegulationof2December1976fixingtheexportrefundsonmalt
(u.a./metricton)
CCT
heading
NoDescriptionofgoods Refund
11.07AIa) Unroastedmalt,obtainedfromwheat,intheformofflour 91.95
11.07Alb) Unroastedmalt,obtainedfromwheat,otherthanintheformofflour—
11.07AIIa) Unroastedmalt,otherthanthatobtainedfromwheat,intheformofflour 52-10
11.07AIIb) Unroastedmalt,otherthanthatobtainedfromwheat,otherthanintheformofflour 4300
11.07B Roastedmalt 5010