30.10.80 OfficialJournaloftheEuropeanCommunities NoL287/11
COMMISSION REGULATION (EEC)No2767/80
of29October1980
fixingtheexportrefundoncandysugar
Whereas,inspecialcases,theamountoftherefund
maybefixedbyotherlegalinstruments ;
Whereas,iftherefundsystemistooperatenormally,
refundsshouldbecalculatedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintainedin
relationtoeachotheratanygivenmomentwithin
abandof2-25%,arateofexchangebasedon
theireffectiveparity;
—forothercurrencies,anexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeach
ofthesecurrenciesrecordedforagivenperiodin
relationtotheCommunitycurrenciesreferredto
inthepreviousindent;
Whereastherefundforcandysugarmustbefixed
everytwoweeks;whereasitmaybealteredinthe
interveningperiod;
Whereasitfollowsfromapplyingtherulessetout
abovetothepresentsituationonthemarketinsugar
andinparticulartoquotationsorpricesforsugar
withintheCommunityandontheworldmarketthat
therefundshouldbeassetoutintheAnnexhereto;
WhereasthemeasuresprovidedforinthisRegulation
areinaccordancewiththeopinionoftheManage­
mentCommitteeforSugar,THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,
HavingregardtoCouncilRegulation (EEC)No
3330/74of19December1974onthecommonorgani­
zationofthemarketinsugar(1),aslastamendedby
Regulation(EEC)No1396/78(2),andinparticularthe
firstsentenceofthelastsubparagraphofArticle19(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
onrawsugar,undenaturedandexportedinthenatural
state,arebeingfixedaccountmustbetakenofthe
situationontheCommunityandworldmarketsin
sugarandinparticularofthepriceandcostfactorsset
outinArticle3ofthatRegulation;whereasthesame
Articleprovidesthattheeconomicaspectofthe
proposedexportsshouldalsobetakenintoaccount;
Whereascandysugarisarawsugarasdefinedin
CommissionRegulation(EEC)No394/70of2March
1970ondetailedrulesforgrantingexportrefundson
sugar(5),asamendedbyRegulation (EEC)No
1467/77(6);
Whereastheworldmarketsituationorthespecific
requirements ofcertainmarketsmaymakeitneces­
sarytovarytherefundforsugaraccordingtodestina­
tion:HASADOPTEDTHISREGULATION :
Article1
Theexportrefundoncandysugarundenaturedandin
thenaturalstate,shallbeassetoutintheAnnex
hereto.
(')OJNoL359,31.12.1974,p.1.
(2)OJNoL170,27.6.1978,p.1.
(3)OJNoL143,25.6.1968,p.6.
(«)OJNoL167,26.6.1976,p.13.
(5)OJNoL50,4.3.1970,p.1.
(*>)OJNoL162,1.7.1977,p.6.Article2
ThisRegulationshallenterintoforceon30October
1980.

/
NoL287/12 OfficialJournaloftheEuropeanCommunities 30.10.80
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,29October1980.
FortheCommission
FinnGUNDELACH
Vice-President
ANNEX
totheCommissionRegulationof29October1980fixingtheexportrefundoncandysugar
(ECU/100kg)
CCT
heading
NoDescription Refund
17.01 Beetsugarandcanesugar,solid:
B.Rawsugar:
(a)Candysugar 0(i)
(!)Applicabletorawsugarwithayieldof92%;iftheyieldisotherthan92%,therefundappli­
cableiscalculatedinaccordancewiththeprovisionsofArticle5(3)ofRegulation (EEC)No
766/68.