EXCHANGE MARKET PRIOR TO THE WEEK IN THE COURSE OF WHICH THE NEW STANDARD AVERAGE VALUES ARE ESTABLISHED ;
WHEREAS FURTHERMORE THE UNITED KINGDOM AND DANISH CUSTOMS ADMINISTRATIONS HAVE ESTABLISHED THAT TRANSACTIONS IN CITRUS FRUITS AT THE LONDON AND COPENHAGEN MARKETING CENTRES BETWEEN IMPORTERS AND WHOLESALERS ARE SUFFICIENT IN VOLUME TO PROVIDE SATISFACTORY EVIDENCE OF PRICE AT THIS LEVEL ; WHEREAS THE GROSS PROCEEDS OF SUCH SALES SHOULD THEREFORE BE REDUCED BY AN INTERVENTION MARGIN OF 6 % INSTEAD OF 15 % WHEN CALCULATING THE AVERAGE FREE-AT-FRONTIER PRICE , NOT CLEARED THROUGH CUSTOMS , SUPPLIED TO THE COMMISSION BY THE UNITED KINGDOM AND DENMARK RESPECTIVELY FOR THE PURPOSE OF ESTABLISHING THE STANDARD AVERAGE VALUES ;
WHEREAS THE STANDARD DEDUCTION IN RESPECT OF ALL THE OTHER EXPENSES WHICH ARE NOT TO BE INCLUDED IN THE VALUE FOR CUSTOMS PURPOSES IS ALSO TO BE EXPRESSED IN THE NATIONAL CURRENCY OF THE MEMBER STATE CONCERNED ;
WHEREAS THE PROVISIONS PROVIDED FOR IN THIS REGULATION ARE IN ACCORDANCE WITH THE OPINION OF THE CUSTOMS VALUATION COMMITTEE ,
HAS ADOPTED THIS REGULATION :
ARTICLE 1
COMMISSION REGULATION ( EEC ) NO 1570/70 OF 3 AUGUST 1970 ESTABLISHING A SYSTEM OF STANDARD AVERAGE VALUES FOR CITRUS FRUITS IS TO BE AMENDED AS FOLLOWS :
( A ) PARAGRAPH 1 OF ARTICLE 2 IS REPLACED BY THE FOLLOWING :
" 1 . FOR THE PURPOSE OF DETERMINING THE VALUE FOR CUSTOMS PURPOSES OF CITRUS FRUITS AND SUBJECT TO APPLICATION OF THE PROVISIONS OF ARTICLE 7 ( 3 ) OF THIS REGULATION , THE COMMISSION SHALL ESTABLISH , FOR EACH CLASSIFICATION HEADING , A STANDARD AVERAGE VALUE EXPRESSED IN THE CURRENCIES OF THE MEMBER STATES PER 100 KG GROSS . "
( B ) PARAGRAPH 4 OF ARTICLE 2 AS INSERTED BY REGULATION ( EEC ) NO 2465/70 IS RENUMBERED PARAGRAPH 5 .
( C ) THE FOLLOWING IS INSERTED AS PARAGRAPH 4 IN ARTICLE 2 :
" 4 . FOR THE PURPOSE OF DETERMINING THE SAID WEIGHTED AVERAGE , EACH FREE-AT-FRONTIER PRICE AS REFERRED TO IN ARTICLE 4 ( 1 ) ( A ) SHALL BE CONVERTED , ON THE BASIS OF THE OFFICIAL SELLING RATE LAST RECORDED ON THE BRUSSELS FOREIGN EXCHANGE MARKET PRIOR TO THE WEEK IN THE COURSE OF WHICH THE STANDARD AVERAGE VALUES ARE TO BE ESTABLISHED INTO ONE OF THE CURRENCIES OF THE MEMBER STATES . THE SAME RATES OF EXCHANGE SHALL BE APPLIED IN CONVERTING THE STANDARD AVERAGE VALUES SO OBTAINED BACK INTO THE OTHER CURRENCIES OF MEMBER STATES . THE SAME METHOD SHALL BE USED IN CALCULATING THE VALUES TO BE APPLIED AT THE BEGINNING OF THE IMPORTING SEASON NEXT FOLLOWING THE ENTRY INTO FORCE OF THIS PROVISION . "
( D ) PARAGRAPHS 1 AND 2 OF ARTICLE 4 ARE REPLACED BY THE FOLLOWING :
" 1 . STANDARD AVERAGE VALUES SHALL BE ESTABLISHED ON THE BASIS OF THE FOLLOWING ELEMENTS , WHICH ARE TO BE SUPPLIED BY MEMBER STATES FOR EACH CLASSIFICATION HEADING :
( A ) THE