1.11.77 OfficialJournaloftheEuropeanCommunities NoL279/41
COMMISSION REGULATION (EEC)No2406/77
of31October1977
fixingtheexportrefundonoilseeds
THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,WhereasArticle3ofRegulationNo142/67/EEC
providesthatwhentherefundisbeingcalculated
accountmustbetakenofpricesrulingonthevarious
Communitymarketswhicharerepresentative from
thepointofviewofprocessingandexportation ;the
mostfavourablequotationsrecordedonthevarious
marketsofimportingthirdcountriesandGreece,and
costsincurredinplacingthegoodsontheworld
market;whereas,whentheamountoftherefundis
beingfixed,accountmustalsobetakenofthelevelof
marketpriceswithintheCommunityfortheoilseeds
referredtoinArticle21ofRegulationNo136/
66/EECandthefuturetrendoftheseprices;whereas,
furthermore ,accountshouldbetakenoftheeconomic
aspectoftheproposedexportsandthesituationinthe
Communityregardingthesupplyofanddemandfor
theseseeds:HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,
HavingregardtoCouncilRegulationNo136/66/EEC
of22September1966ontheestablishment ofa
commonorganizationofthemarketinoilsand
fats(l),aslastamendedbyRegulation (EEC)No
1707/73(2),
HavingregardtoCouncilRegulationNo162/66/EEC
of27October1966ontradeinoilsandfatsbetween
theCommunityandGreece(3),
HavingregardtoCouncilRegulationNo142/67/EEC
of21June1967onexportrefundsoncolza,rapeand
sunflowerseeds(4),aslastamendedbyRegulation
(EEC)No2429/72(5),andinparticularthefirst
sentenceofArticle2(3)thereof,
HavingregardtotheopinionoftheMonetary
Committee,WhereasArticle1ofCommissionRegulation (EEC)
No651/71of29March1971oncertaindetailedrules
fortheapplicationofexportrefundsonoilseeds(6),
providesthattheamountoftherefundmustbecalcu­
latedonthebasisoftheweightofexportedseeds;
whereasthisweightmustbeadjustedtotakeaccount
ofanydifferencesbetweenthepercentagesofmois­
tureandimpuritiesfoundtoexistandthoseusedto
definethestandardqualityforwhichthetargetprice
isfixed;whereas,whenthisadjustmentisbeing
made,theweightoftheexportedseedsmustbe
increasedbytheamountofthedifferencebetweenthe
actualmoistureandimpuritiescontentandthatused
todefinethestandardqualityiftheformerislower
thanthelatter;whereas,iftheoppositeapplies,the
weightoftheexportedseedsmustbereducedbythe
sameamount;WhereasArticle28ofRegulationNo136/66/EEC
providesthatarefundmaybegrantedonexportsto
thirdcountriesofoilseedsharvestedwithinthe
Community ;whereastheamountofthisrefundmay
notexceedthedifferencebetweenpriceswithinthe
Communityandpricesontheworldmarketwhere
theformerarehigherthanthelatter;whereasArticle
21ofRegulationNo136/66/EECprovidesthat,at
present,Article28ofthatRegulationappliesonlyto
colza,rapeandsunflowerseeds; Whereasthestandardqualityreferredtoabovewas
definedinCouncilRegulation(EEC)No1069/77of
17May1977fixingthetargetpricesandbasicinter­
ventionpricesforoilseedsforthe1977/78marketing
year(7);WhereasArticle8ofRegulationNo162/66/EEC
providesthatArticle28ofRegulationNo136/
66/EECandmeasurestakeninapplicationthereof
apply,subjecttotheprovisionsoftheAgreementesta­
blishinganAssociationbetweentheEuropean
EconomicCommunityandGreece,totradebetween
theCommunityandGreece;WhereasArticle2ofRegulationNo142/67/EEC
providesthattherefundmaybevariedaccordingto
destinationwheretheworldmarketsituationorthe
specificrequirements ofcertainmarketsmakethis
necessary ;(»)OJNo172,30.9.1966,p.3025/66.
(2)OJNoL175,29.6.1973,p.5.
(3)OJNo197,29.10.1966,p.3393/66.
4)OJNo125,26.6.1967,p.2461/67.
(5)OJNoL264,23.11.1972,p.1.(6)OJNoL75,30.3.1971,p.16.-
(7)OJNoL129,25.5.1977,p.5.

NoL279/42 OfficialJournaloftheEuropeanCommunities 1.11.77
WhereasthemeasuresprovidedforinthisRegulation
areinaccordancewiththeopinionoftheManage­
mentCommitteeforOilsandFats,Whereas,iftherefundsystemistooperatenormally,
refundsshouldbecalculatedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintainedin
relationtoeachotheratanygivenmomentwithin
abandof2*25%,arateofexchangebasedon
theireffectiveparity;
—forothercurrencies,anexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeach
ofthesecurrenciesrecordedforagivenperiodin
relationtotheCommunitycurrenciesreferredto
intheprevioussubparagraph ;
Whereasitfollowsfromapplyingtheserulesand
criteriatothepresentsituationonthemarketinoil
seeds,andinparticulartoquotationsorpricesfor
theseproductswithintheCommunityandonthe
marketsofthirdcountriesandGreece,thattherefund
shouldbefixedattheamountsshownintheAnnex
tothisRegulationforthoseproductsforwhichthe
marketingyearhasalreadybegun;HASADOPTEDTHISREGULATION :
Article1
TherefundsontheproductsreferredtoinArticle21
ofRegulationNo136/66/EEC,exportedtothirdcoun­
triesandGreece,areherebyfixedassho^ninthe
AnnextothisRegulation .
Article2
ThisRegulationshallenterintoforceon1November
1977.
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,31October1977.
FortheCommission
FinnGUNDELACH
Vice-President
ANNEX
Exportrefundapplicabletooilseedsfrom1November1977
(u.aJlOOkg)
CCT
heading Descriptionofgoods Refund
No
ex12.01
ex12.01Colzaandrapeseed,otherthanforsowing
Sunflowerseed,otherthanforsowing8-30