OfficialJournaloftheEuropeanCommunities 345
NoL98/10 OfficialJournaloftheEuropeanCommunities 25.4.72
REGULATION (EEC)No837/72OFTHECOMMISSION
of24April1972
layingdownspecialprovisionsinrespectofleviesandrefundsfixedinadvancefor
cereals
Whereas,ontheotherhand,itmightnolongerbe
possible,inviewofthereducedcompensatory
amounts,toeffectexportsforwhichtherefundhas
beenfixedinadvance,sincethecalculationsofthe
partiesconcernedwerebasedonthegrantingof
refundsfixedinadvanceandofthesecompensatory
amountswhich,inmostcases,havenotchanged
muchoverarelativelylongperiod;whereasthe
adverseeffectsofthissituationcouldalsobeavoided
bymaintainingtheeconomicsituationwhichfaced
thepartiesatthetimeoftheadvancefixing;
Whereasitisfairtogivethepartiesconcernedthe
opportunityofcancellingtheadvancefixing,while
maintainingtheirobligationtoimportorexport;
WhereasthemeasuresprovidedforinthisRegulation
areinaccordancewiththeOpinionofthe
ManagementCommitteeforCereals;THECOMMISSION OFTHEEUROPEAN COM­
MUNITIES,
HavingregardtotheTreatyestablishingthe
EuropeanEconomicCommunity ;
HavingregardtoCouncilRegulation (EEC)No
974/711of12May1971oncertainmeasuresof
conjuncturalpolicytobetakeninagriculture
followingthetemporarywideningofthemarginsof
fluctuationforthecurrenciesofcertainMember
States,andinparticularArticle6thereof;
Whereas,todealwiththecaseofaMemberState
allowingtheexchangerateofitscurrencyto
fluctuatebyamarginwiderthantheonepermitted
byinternationalrules,RegulationNo974/71/EEC
introducedasystemofcompensatory amountsbased
onthedifferencebetweentheofficialparityofthat
currencyandthearithmeticmeanofspotmarket
ratesofthatcurrencyagainst:theUSdollarduringa
referenceperiod;whereasthecompensatory amounts
leviedonimportsandgrantedonexportscannotbe
fixedinadvance;
Whereasthepresentsystemofcompensatory
amountsislikelytochangeconsiderablywiththe
gradualreturntoamorestablemonetarysituation;
whereasthismayleadtoasignificantreductionin
thecompensatory amountswhichwouldnotbedue
eithertoafallinspotmarketratesorinprices;
WhereastheCommunitymarketcouldbefacedwith
seriousdifficultiesifproductsforwhichthelevyhas
beenfixedinadvancewereimportedandifonlythe
levyfixedinadvanceandthenewreduced
compensatory amountwerepaid;whereas,toavoid
thesedifficultiesandanyassociatedriskof
speculation,equilibriumshouldbemaintainedby
keepingthetotalimportchargeontheseproductsas
itwaswhenthelevywasfixedinadvance;HASADOPTEDTHISREGULATION :
Article1
1.Asfromthedateonwhichanamendmentto
theprovisionsgoverningthecalculationofthe
compensatory amountsintroducedfollowingthe
monetarycrisiscomesintoeffectandleadstoa
reductionortheabolitionoftheseamountsfor
cereals:
(a)wherethelevyhasbeenfixedinadvancebefore
thatdate,thecompensatory amounttobe
appliedshallbethatvalidintheimporting
MemberStateonthedayonwhichthelevyfor
theproductinquestionwasfixedinadvance;
(b)wheretheexportrefundhasbeenfixedinadvance
beforethatdate,thecompensatoryamounttobe
appliedshallbethatvalidintheexporting
MemberStateonthedayonwhichtherefund
fortheproductinquestionwasfixedinadvance.
2.However,anyinterestedpartywhohas
obtainedadvancefixingandwhoissubjecttothe 1OJNoL106,12.5.1971,p.1.

346 OfficialJournaloftheEuropeanCommunities
provisionsofparagraph 1shall,bywritten
applicationmadetotheagencyissuingthecertificate
withinthirtydaysfollowingthedateonwhichthe
amendmentreferredtoinparagraph1comesinto
effect,obtaincancellationoftheadvancefixing.
Theapplicationmustbeaccompanied bythe
certificateandbyanyextractsfromthatcertificate.
Article2(advancefixingcancelledinaccordancewith
Regulation (EEC)No837/72).
Thisendorsementshallbefollowedbythedateon
whichtheapplicationinwritingisreceivedandby
thestampoftheissuingauthority.
2.If,whenimporting,theinterestedparty
indicatesthatheintendstoseekcancellationofthe
advancefixingofthelevy,theagencywhichrecovers
thelevyshallrequirethatadepositbelodged
guaranteeingpaymentofthehigherofthefollowing
sums:eitherthelevyfixedinadvanceplusthe
compensatory amountvalidonthedayofadvance
fixing,orthelevyvalidonthedayofimportation
plusthecompensatoryamountvalidonthatday.
Theoperationshallbeconsideredtobeinorderon
submissionofthecertificateortheextractendorsed
inaccordancewithparagraph1.Ifthecertificateor
extractendorsedinaccordancewithparagraph1has
notbeensubmittedtothecompetentauthoritywithin
aperiodofsixmonthsfromthedayofimportation,
thedepositshallbeforfeited.1.WheretheprovisionsofArticle1(2)are
involved,theagencyissuingthecertificateshall
canceltheadvancefixingonthecertificateand
extractsbydeletingtheendorsements appearingin
Section17andbyinsertingoneofthefollowing
endorsements inSection20oftheimportlicenceor
Section18oftheexportlicenceasthecasemaybe:
—'fixational'avanceannulee—applicationdu
règlement(CEE)no837/72'
—'Vorausfestsetzung annulliertgemäßVerordnung
(EWG)Nr837/72'
Article3—-'fissazioneinanticipoannullata—applicazione
delregolamento (CEE)N.837/72'
—'Vaststelling voorafgeannuleerd volgens
Verordening (EEC)nr837/72'ThisRegulationshallenterintoforceonthethird
dayfollowingitspublicationintheOfficialJournal
oftheEuropeanCommunities .
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,24April1972.
FortheCommission
ThePresident
S.L.MANSHOLT