CELEX: 31972R1461
Language: en
Date: 1972-07-10 00:00:00
Title: Regulation (EEC) No 1461/72 of the Commission of 10 July 1972 amending Regulation No 633/67/EEC on the advance fixing of the export refund on cereals

Official Journal of the European Communities                                     671
11.7.72                               Official Journal of the European Communities                            No L 155/35
                              REGULATION (EEC) No 1461 /72 OF THE COMMISSION
                                                      of 10 July 1972
              amending Regulation No 633 /67/EEC on the advance fixing of the export refund on
                                                           cereals
THE    COMMISSION         OF    THE   EUROPEAN      COM­           validity of the export licence extends well beyond
MUNITIES,                                                          this period, account should be taken not only of the
                                                                   development of the world market but also of the
Having regard to the Treaty establishing the                       possible development of the internal market so that
European Economic Community ;                                      exports can be better planned in the light of
                                                                   availabilities ;
Having regard to Council Regulation No
120/67/EEC1 of 13 June 1967 on the common                         Whereas the measures provided fqr in this Regulation
organization of the market in cereals , as last amended            are in accordance with the Opinion of the
by Regulation (EEC) No 796/72,2 and in particular                 Management Committee for Cereals ;
Article 16 (6) thereof;
Whereas Article 16 (4) of Regulation No                            HAS ADOPTED THIS REGULATION :
120/67/EEC provides that, where the export refund
on cereals is fixed in advance, a corrective amount                                        Article 1
should be applied; whereas to this end, in accordance
with Commission Regulation No 633/67/EEC3 of 27                    The following shall be substituted for Article 2 of
September 1967 on the advance fixing of the export                 Regulation No 633 /67/EEC :
refund on cereals, as last amended by Regulation                       'Article 2
(EEC) No 2646/70,4 the refund valid on the day on
which the export licence is applied for is increased or                The corrective amount applicable to the amount
reduced by a corrective amount, on the basis of any                    of the refund fixed in advance on exports to be
difference in the world market price between the day                   effected after the third month following that
on which the licence is applied for and the month of                   during which the licence was issued shall be fixed
exportation, as illustrated by the c.i.f. forward                      on the basis of the forseeable developments on
delivery price;                                                        the market.'
Whereas the purpose of this corrective amount is to                                        Article 2
take account of the special conditions of the futures
market; whereas reference has hitherto been made to                This Regulation shall enter into force on the day
the development of the world market on a                           following its publication in the Official Journal of the
three-monthly basis ; whereas, since the period of                 European Communities.
              This Regulation shall be binding in its entirety and directly applicable in all Membej
              States .
              Done at Brussels, 10 July 1972.
                                                                                      For the Commission
                                                                                           The President
                                                                                        S. L. MANSHOLT
1 OJ  No  117, 19.6.1967, p. 2269/67.
2 OJ  No L 94, 21.4.1972, p . 7.
3 OJ  No  L 233, 28.9.1967, p . 9.
4 OJ  No  L 283 , 29.12.1970, p. 50 .