20.12.73 OfficialJournaloftheEuropeanCommunities NoL351/11
REGULATION (EEC)No3420/73OFTHECOMMISSION
of19December 1973
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 ;
HavingregardtoCouncilRegulationNo1009/
67/EEC(')of18December1967onthecommon
organizationofthemarketinsugar,aslastamended
byRegulation (EEC)No1928/73(2),andinparticular
thefirstsentenceofthelastsubparagraph ofArticle
17(2)thereof;
HavingregardtotheOpinionoftheMonetary
Committee ;
WhereasArticle17ofRegulationNo1009/67/EEC
providesthatthedifferencebetweenquotationsor
pricesontheworldmarketfortheproductslistedin
Article1(1)(a)ofthatRegulationandpricesforthose
productswithintheCommunitymaybecoveredby
anexportrefund;
WhereasCouncilRegulation(EEC)No766/68(3)of
18June1968layingdowngeneralrulesforgranting
exportrefundsonsugar,aslastamendedbyRegula­
tion(EEC)No881/73(4),providesthatwhenrefunds
onwhiteandrawsugar,undenaturedandexportedin
thenaturalstate,arebeingfixedaccountmustbe
takenofthesituationontheCommunityandworld
marketsinsugarandinparticularofthepriceandcost
factorssetoutinArticle3ofthatRegulation ;whereas
thesameArticleprovidesthattheeconomicaspectof
theproposedexportsshouldalsobetakeninto
account;
Whereastherefundonrawsugarmustbefixedin
respectofthestandardquality;whereasthelatteris
definedinArticle1ofCouncilRegulation(EEC)No
431/68(5)of9April1968determiningthestandard
qualityforrawsugarandfixingtheCommunityfron­
tiercrossingpointforcalculatingcifpricesforsugar;
Whereas,furthermore ,thisrefundshouldbefixedin
accordancewithArticle5(2)ofRegulation(EEC)No
766/68;whereascandysugarisdefinedinCommis­
sionRegulation(EEC)No394/70(6)of2March1970
ondetailedrulesforgrantingexportrefundsonsugar;HASADOPTEDTHISREGULATION :
Article1
TherefundsontheproductslistedinArticle1(1)(a)
ofRegulationNo1009/67/EEC,undenaturedand
exportedinthenaturalstate,areherebyfixedatthe
amountsshownintheAnnex.
(>)OJNo308,18.12.1967,p.1.Article2
ThisRegulationshallenterintoforceon20
December1973.(2)OJNoL199,19.7.1973,p.7.
(3)OJNoL143,25.6.1968,p.6.
(4)OJNoL86,31.3.1973,p.30.
(5)OJNoL89,10.4.1968,p.3.
(b)OJNoL50,4.3.1970,p.1.

NoL351/12 OfficialJournaloftheEuropeanCommunities 20.12.73
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,19December1973.
FortheCommission
P.J.LARDINOIS
MemberoftheCommission
ANNEX
totheCommissionRegulationof19December1973fixingtherefundsonwhitesugarand
rawsugarexportedinthenaturalstate
(u.a.1100kg)
CCT
heading
NoDescriptionofgoods Refund
17.01 Beetsugarandcanesugar,solid:
B.Undenatured :
I.Whitesugar—
II.Rawsugar:
(a)Candysugar 0Í1)
(b)Otherrawsugar—
(*)Applicabletorawsugarwithayieldof92%;iftheyieldisotherthan92°/o,therefundapplicableis
calculatedinaccordancewiththeprovisionsofArticle5(3)ofRegulation (EEC)No766/68.