CELEX: 31973R2015
Language: en
Date: 1973-07-27 00:00:00
Title: Regulation (EEC) No 2015/73 of the Commission of 26 July 1973 fixing the corrective amount applicable to the refund on cereals

No L 206/ 10                              Official Journal of the European Communities                            27. 7. 73
                             REGULATION (EEC) No 2015/73 OF THE COMMISSION
                                                          of 26 July 1973
                          fixing the corrective amount applicable to the refund on cereals
THE COMMISSION OF THE EUROPEAN                                       whereas the cif forward delivery price is that deter­
COMMUNITIES,                                                         mined in accordance with Article 3 (2) of Regulation
                                                                     No 140/67/EEC (6), as amended by Regulation (EEC)
Having regard to the Treaty establishing the European                No 2435/70 (7), based, in respect of each month for
Economic Community ;                                                 which the export licence is valid, on the cif price
                                                                     calculated on the basis of offers for shipment during
                                                                     the month of exportation ;
Having regard to Council Regulation No 120/
67/EEC (*) of 13 June 1967 on the common organiza­
tion of the market in cereals, as last amended by the                Whereas the corrective amount so fixed will be altered
Act (2) annexed to the Treaty (3) on the Accession of                if application of the calculation procedure described
new Member States to the European Economic                           above entails a change in that amount of more than
Community and the European Atomic Energy                             0-125 unit of account ;
Community, signed at Brussels on 22 January 1972,
and in particular the third sentence of the first sub­
paragraph of Article 1 6 (4) thereof ;                               Whereas, however, Article 2 of Regulation No 633/
                                                                     67/EEC provides that the corrective amount appli­
Having regard to the Opinion of the Monetary                         cable to the amount of the refund fixed in advance on
Committee ;                                                          exports to be effected after the third month following
                                                                     that during which the licence was issued should be
Whereas Article 16 (4) of Regulation No 120/67/EEC                   fixed on the basis of foreseeable market trends ;
                                                                     whereas to this end account should be taken of avail­
provides that the export refund applicable to cereals
on the day on which application for an export licence                abilities and foreseeable trends on the Community
is made, adjusted for the threshold price in force                   market and of forward trends on the world market, in
during the month of exportation, must be applied on                  particular on those markets whose specific require­
request to exports to be effected during the period of               ments have made it necessary to vary the refund ;
validity of the export licence ; whereas, in this case, a
corrective amount must be applied to the refund ;
                                                                     Whereas, if the refund system is to operate normally,
                                                                     refunds should be calculated on the following basis :
Whereas Regulation No 633/67/EEC (4), as last
amended by Regulation (EEC) No 1461 /72 (5), lays
down detailed rules for the advance fixing of the                    — in the case of currencies which are maintained in
export refund on cereals ;
                                                                         relation to each other, at any given moment,
                                                                         within a band of 2-25 % , a rate of exchange based
Whereas that Regulation provides that the refund                         on their effective parity ;
applicable on the day on which application for an
export licence is made must, when the refund is fixed
in advance, be reduced by not more that the differ­                  — for other currencies an exchange rate based on the
ence between the cif forward delivery price and the cif                  arithmetic mean of the spot market rates of each
price where the former exceeds the latter by more                        of these currencies recorded for a given period, in
than one unit of account per metric ton ; whereas, on                    relation to the Community currencies referred to
the other hand, the refund must be increased by not                      in the previous subparagraph ;
 more than the difference between the cif price and
the cif forward delivery price where the former
exceeds the latter by more than one unit of account                  Whereas it follows from applying all these provisions
                                                                     that the corrective amount must be fixed as shown in
 per metric ton ;
                                                                     the Table annexed to this Regulation ;
Whereas the cif price is that determined in accor­
dance with Article 13 of Regulation No 120/67/EEC ;                  Whereas the measures provided for in this Regulation
                                                                     are in accordance with the Opinion of the Manage­
 (») OJ No  117, 19 . 6. 1967, p . 2269/ 67.                          ment Committee for Cereals ;
 (2) OJ No  L 73 , 27. 3 . 1972, p . 14.
 (>) OJ No  L 73 , 27 . 3 . 1972, p . 5 .
 (4) OJ No  233 , 28 . 9 . 1967, p. 9 .                              (6) OJ No 125, 26. 6. 1967, p. 2456/67.
 (5) OJ No  L 155, 11 . 7 . 1972, p. 35.                             C) OJ No L 262, 3 . 12. 1970 , p. 3 .
 ---pagebreak---  27 . 7. 73                            Official Journal of the European Communities                              No L 206/ 11
 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 27 July
 export refunds fixed in advance in respect of cereals is             1973 .
              This Regulation shall be binding in its entirety and directly applicable in all Member
              States .
              Done at Brussels, 26 July 1973.
                                                                                 For the Commission
                                                                                    P.J. LARDINOIS
                                                                           Member of the Commission
                                                             ANNEX
             to the Commission Regulation of 26 July 1973 fixing the corrective amount applicable
                                                    to the refund on cereals
                                                                                                                      (u.a. /ton)
      CCT                                                         1st         2nd          3rd         4th   5th        6th
     heading           Description of goods         Current     period       period       period     period period    period
       No                                              7           8           9            10         11     12          1
10.01 A          Common wheat, and mes­
                   iin
10.01 B          Durum wheat                          —           —            —            —          —      —         —
10.02            Rye                                  —           —            —            —          —      —         —
10.03            Barley                               —           —            —           —           —      —         —
10.04            Oats                                 —           —            —            —          —.     —         —
10.05 B          Maize other than hybrid
                   maize for sowing                   —           —            —           —           —     —          —
10.07 C          Grain sorghum
                                /