CELEX: 31973R1575
Language: en
Date: 1973-06-15 00:00:00
Title: Regulation (EEC) No 1575/73 of the Commission of 14 June 1973 fixing the corrective amount applicable to the refund on cereals

15 . 6 . 73                               Official Journal of the European Communities                          No L 158 /5
                               REGULATION (EEC) No 1575/73 OF THE COMMISSION
                                                           of 14 June 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)
                                                                      No 2435/70 (7), based, in respect of each month for
 Having regard to the Treaty establishing the European                which the export licence is valid, on the cif price
 Economic Community ;                                                 calculated on the basis of offers for shipment during
                                                                      the month of exportation ;
 Having regard to Council Regulation No 120/
                                                                      Whereas the corrective amount so fixed will be altered
 67/EEC (*) of 13 June 1967 on the common organiza­
 tion of the market in cereals, as last amended by the                if application of the calculation procedure described
 Act (2) annexed to the Treaty (3) on the Accession of                above entails a change in that amount of more than
 new Member States to the European Economic                           0·125 unit of account ;
 Community and the European Atomic Energy
 Community, signed at Brussels on 22 January 1972,                    Whereas, however, Article 2 of Regulation No 633/
 and in particular the third sentence of the first sub­               67/EEC provides that the corrective amount appli­
 paragraph of Article 1 6 (4) thereof ;                               cable to the amount of the refund fixed in advance on
                                                                      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 ;
 provides that the export refund applicable to cereals                whereas to this end account should be taken of avail­
 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                    — in the case of currencies which are maintained in
 down detailed rules for the advance fixing of the
 export refund on cereals ;                                               relation to each other, at any given moment,
                                                                          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 the Opinion of the Monetary Committee was
 more than the difference between the cif price and                   requested ;
 the cif forward delivery price where the former
 exceeds the latter by more than one unit of account
 per metric ton ;                                                    Whereas it follows from applying all these provisions
                                                                      that the corrective amount must be fixed as shown in
                                                                      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 .
P)  OJ   No  L 73 , 27. 3 . 1972, p . 5 .
(4) OJ   No  233 , 28 . 9 . 1967, p . 9 .                                OJ No 125, 26 . 6. 1967, p . 2456/67 .
(5  OJ   No  L 155, 11 . 7 . 1972, p . 35 .                          ( 7 OJ No L 262, 3 . 12. 1970, p . 3 .
 ---pagebreak--- No L 158 /6                            Official Journal of the European Communities                                 15. 6 . 73
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 15 June
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, 14 June 1973.
                                                                                 For the Commission
                                                                                    P.J. LARDINOIS
                                                                             Aiember of the Commission
                                                             ANNEX
            to the Commission Regulation of 14 June 1973 fixing the corrective amount applicable
                                                     to the refund on cereals
                                                                                                                       (u .aJton)
     CCT                                                           1st         2nd         3rd         4th    5th        6th
    heading            Description of goods          Current     period       period      period      period period    period
      No                                                6           7           8           9           10     11         12
10.01 A         Common wheat , and mes­
                   lin
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