NoL132/54 OfficialJournaloftheEuropeanCommunities28.5.88
COMMISSION REGULATION (EEC)No1463/88
of27May1988
fixingthecorrectiveamountapplicabletotherefundonriceandbrokenrice
THECOMMISSION OFTHEEUROPEAN COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,
HavingregardtotheActofAccessionofSpainand
Portugal,
HavingregardtoCouncilRegulation(EEC)No1418/76
of21June1976onthecommonorganizationofthe
market-inrice('),aslastamendedbyRegulation(EEC)
No3990/87(2),andinparticularthesecondsubparagraph
ofArticle17(4)thereof,dancewithArticle3(2)ofCouncilRegulation(EEC)No
1428/76(*),basedinrespectofeachmonthforwhichthe
exportlicenceisvalid,onthecifpricecalculatedonthe
basisofoffersforshipmentduringthemonthofexporta­
tion;
Whereas,iftherefundsystemistooperatenormally,
refundsshouldbecalculatedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintainedinrela­
tiontoeachotheratanygivenmomentwithinaband
of.2,25%,arateofexchangebasedontheircentral
rate,multipliedbythecorrectivefactorprovidedforin
thelastparagraphofArticle3(1)ofCouncilRegula­
tion(EEC)No1676/85(*),aslastamendedbyRegula­
tion(EEC)No1636/870,
—forothercurrencies,anexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeachof
thesecurrenciesrecordedforagivenperiodinrela­
tiontotheCommunitycurrenciesreferredtointhe
previousindent,andtheaforesaidcoefficient;
Whereasitfollowsfromapplyingtheprovisionssetout
abovethatthecorrectiveamountmustbeassetoutinthe
Annexhereto;
WhereasthemeasuresprovidedforinthisRegulationare
inaccordancewiththeopinionoftheManagement
CommitteeforCereals,HavingregardtotheopinionoftheMonetaryCommittee,
WhereasthefirstsubparagraphofArticle17(4)ofRegu­
lation(EEC)No1418/76providesthattheexportrefund
applicabletoriceandbrokenriceonthedayonwhich
applicationforanexportlicenceismade,adjustedforthe
thresholdpricewhichwillbeinforceduringthemonth
ofexportation,mustbeappliedonrequesttoexportsto
beeffectedduringtheperiodofvalidityofthelicence;
WhereasRegulationNo474/67/EEC(3),asamendedby
Regulation(EEC)No1397/68(4),laysdowndetailedrules
fortheadvancefixingoftheexportrefundonriceand
brokenrice;
HASADOPTEDTHISREGULATION :
WhereasthatRegulationprovidesthattherefundappli­
cableonthedayonwhichapplicationforanexport
licenceismademust,whenitisfixedinadvance,be
reducedbyanamountnogreaterthanthedifference
betweenthecifforwarddeliverypriceandthecifprice,
wheretheformerexceedsthelatterbymorethan0,30
ECUpertonne;whereasontheotherhand,therefund
mustbeincreasedbyanamountnogreaterthanthe
differencebetweenthecifpriceandthecifforwarddeli­
veryprice,wheretheformerexceedsthelatterbymore
than0,30ECUpertonne;Article1
ThecorrectiveamountreferredtoinArticle17(4)of
Regulation(EEC)No1418/76whichisapplicabletothe
exportrefundsfixedinadvanceinrespectofriceand
brokenriceshallbeassetoutintheAnnexhereto.
Article2 Whereasthecifpriceisthatdeterminedinaccordance
withArticle16ofRegulation(EEC)No1418/76;whereas
thecifforwarddeliverypriceisthatdeterminedinaccor­ThisRegulationshallenterintoforceon1June1988.
(')OJNoL166,25.6.1976,p.1.
(2)OJNoL377,31.12.1987,p.15.
(3)OJNo204,24.8.1967,p.20/67.
(4)OJNoL222,10.9.1968,p.6.OOJNoL166,25.6.1976,p.30.
(6)OJNoL164,24.6.1985,p.1.
OOJNoJL153,13.6.1987,p.1.

28.5.88 OfficialJournaloftheEuropeanCommunities NoL132/55
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,27May1988.
FortheCommission
FransANDRIESSEN
Vice-President
ANNEX
totheCommissionRegulationof27May1988fixingthecorrectiveamountapplicableto
therefundonriceandbrokenrice
(ECU/tonne)
ProductcodeCurrent
61stperiod
72ndperiod
83rdperiod
9
10062010000— — — • ■ —
10062090000 0 0 0 0
10063011000 — — —
10063019000— — — —
10063091000 — —I-\—
10063099100 0 0 0 0
10063099900 0 0 0\
0
10.064000000— — — —
N.B.:TheproductcodesandthefootnotesaredefinedinRegulation(EEC)No3846/87asamended.