CELEX: 31975R1247
Language: en
Date: 1975-05-16 00:00:00
Title: Regulation (EEC) No 1247/75 of the Commission of 15 May 1975 fixing the corrective amount applicable to the refund on cereals

16 . 5 . 75                                Official Journal of the European Communities                              No L 125/ 25
                               REGULATION (EEC) No 1247 /75 OF THE COMMISSION
                                                          , of 15 May 1975
                           fixing the corrective amount applicable to the refund on cereals
THE COMMISSION OF THE EUROPEAN                                       Whereas the cif price is that determined in accor­
COMMUNITIES,                                                          dance with Article 13 of Regulation No 120/67/ EEC ;
                                                                     whereas the cif forward delivery price is that deter­
Having regard to the Treaty establishing the European                 mined in accordance with Article 3 (2) of Regulation
Economic Community ;                                                  No 140 /67/ EEC (7), as amended by Regulation (EEC)
                                                                      No 2435/70 (8), based, in respect of each month for
Having regard to Council Regulation No 120/                          which the export licence is valid, on the cif price
67/ EEC (') of 13 June 1967 on the common organiza­                   calculated on the basis of offers for shipment during
tion of the market in cereals, as last amended by Regu­               the month of exportation ;
lation (EEC) No 85/75 (2), and in particular the third
sentence of the second subparagraph of Article"16 (4)                 Whereas the corrective amount so fixed will be altered
thereof ;                                                             if application of the calculation procedure described
                                                                      above entails a change in that amount of more than
Having regard to Council Regulation No 139/                           0-125 unit of account ;
67/ EEC (3) of 21 June 1967 laying down general rules
for granting export refunds on cereals and criteria for
fixing the amount of such refunds, as last amended by                 Whereas, however, Article 2 of Regulation No 633/
Regulation (EEC) No 87/75 (4 ) ;                                      67/ EEC provides that the corrective amount appli­
                                                                      cable to the amount of the refund fixed in advance on
Having regard to the Opinion of the Monetary                          exports to be effected after the third month following
Committee ;                                                           that during which the licence was issued should be
                                                                      fixed on the basis of foreseeable market trends ;
                                                                      whereas to this end account should be taken of avail­
Whereas Article 16 (4) of Regulation No 120/67/ EEC                   abilities and foreseeable trends on the Community
provides that the export refund applicable to cereals                 market and of forward trends on the world market, in
on the day on which application for an export licence                 particular on those markets whose specific require­
is made, adjusted for the threshold price in force                    ments have made it necessary to vary the refund ;
during the month of exportation , must be applied on
request to exports to be effected during the period of
validity of the export licence ; whereas, in this case, a             Whereas, if the refund system is to operate normally,
corrective amount must be applied to the refund ;                     refunds should be calculated on the following basis :
Whereas Regulation No 633 / 67/ EEC (5 ), as last
                                                                      — in the case of currencies which are maintained in
amended by Regulation (EEC) No 1461 /72 (6), lays
down detailed rules for the advance fixing of the                           relation to each other, at any given moment,
export refund on cereals ;                                                 within a band of 2-25 % , a rate of exchange based
                                                                           on their effective parity ;
Whereas that Regulation provides that the refund
applicable on the day on which application for an                     — for other currencies an exchange rate based on the
export licence is made must, when the refund is fixed                      arithmetic mean of the spot market rates of each
in advance, be reduced by not more that the differ­                         of these currencies recorded for a given period, in
ence between the cif forward delivery price and the cif                     relation to the Community currencies referred to
 price where the former exceeds the latter - by more                        in the previous subparagraph ;
than one unit of account per metric ton ; whereas, on
the other hand, the refund must be increased by not                   Whereas it follows from applying all these provisions
 more than the difference between the cif price and                    that the corrective amount must be fixed as shown in
the cif forward delivery price where the former                        the table annexed to this Regulation ;
exceeds the latter by more than one unit of account
 per metric ton ;
                                                                      Whereas the measures provided for in this Regulation
C)   OJ  No 117, 19 . 6 . 1967, p . 2269 / 67 .                        are in accordance with the Opinion of the Manage­
(2 ) OJ  No L 11 , 16 . 1 . 1975, p. 1 .                               ment Committee for Cereals ,
(3 ) OJ  No 125, 26 . 6 . 1967, p . 2453 / 67 .
(4)  OJ  No L 1 1 , 16 . 1 . 1975 , p. 3 .
(5 ) OJ  No 233 , 28 . 9 . 1967, p . 9 .                              ( 7) OJ No 125 , 26 . 6 . 1967, p . 2456/ 67 .
(6)  OJ  No L 155 , 11 . 7 . 1972, p. 35 .                            (8) OJ No L 262, 3 . 12. 1970 , p. 3 .
 ---pagebreak--- No L 125/26                             Official Journal of the European Communities                                   16 . 5 . 75
HAS ADOPTED THIS REGULATION :                                       hereby fixed as shown in the table annexed to this
                                                                    Regulation .
                         Article 1
                                                                                               Article 2
The corrective amount referred to in Article 16 (4) of
Regulation No 120/67/EEC which is applicable to                     This Regulation shall enter into force on 16 May
export refunds fixed in advance in respect of cereals is            1975 .
             This Regulation shall be binding in its entirety and directly applicable in all Member
             States .
             Done at Brussels, 15 May 1975.
                                                                             For the Commission
                                                                                 P.J. LARDINOIS
                                                                          Member of the Commission
                                                              ANNEX
             to the Commission Regulation of 15 May 1975 fixing the corrective amount applicable to
                                                      the refund on cereals
                                                                                                                  (u.a. / metric ton)
      CCT                                                            1st      2nd         3rd        4th    5th            6th
                                                         Current
    heading              Description of goods                      period    period     period      period period         period
       No                                                   5         6        7           8          9      10             11
10.01 A         Common wheat, and meslin                   0     + 400     + 5-00      + 5-00
10.01 B         Durum wheat                                —        —         —           —          —      —              —
10.02           Rye                                        0          0        0           0         —      —              —
10.03           Barley                                     0          0        0           0          —     —              —
10.04           Oats                                       0          0        0           0          —     —              —
10.05 B         Maize other than hybrid maize                                                    I
                   for sowing                              0          0        0           0          —     —              —
10.07 C         Grain sorghum                              0          0        0           0          —     —              —
11.01 A          Common wheat flour                        0          0        0           0          0     —              —
11.01 B          Rye flour                                 0          0        0           0          0     —              —
11.02 Ala        Durum wheat groats and meal               —        —         —           —           —     —               —
11.02 Alb        Common wheat groats and                         I                                         I
                   meal                                    0          0        0           0          0     —               —
N.B. The zones are those defined in Regulation (EEC) No 941 /72 (OJ No L 107, 6. 5. 1972).