CELEX: 31973R1812
Language: en
Date: 1973-07-06 00:00:00
Title: Regulation (EEC) No 1812/73 of the Commission of 5 July 1973 fixing the corrective amount applicable to the refund on cereals

6. 7. 73                              Official Journal of the European Communities                          No L 184/5
                             REGULATION (EEC) No 1812/73 OF THE COMMISSION
                                                       of 5 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)
                                                                 No 2435/70 (7), based, in respect of each mopth 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.
(3) 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 .                          (7) OJ No L 262, 3 . 12. 1970, p. 3 .
 ---pagebreak--- No L 184/6                             Official Journal of the European Communities                                  6 . 7. 73
HAS ADOPTED THIS REGULATION :                                         export refunds fixed in advance in respect of cereals is
                                                                      hereby fixed as shown in the Table annexed to this
                         Article 1                                    Regulation .
                                                                                                 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 6 July 1973 .
             This Regulation shall be binding in its entirety and directly applicable in all Member
             States .
             Done at Brussels, 5 July 1973 .
                                                                               For the Commission
                                                                                   P. J. LARDINOIS
                                                                           Member of the Commission
                                                              ANNEX
                   to the Commission Regulation of 5 July 1973 fixing the corrective amount applicable
                                                     to the refund on cereals
                                                                                                                        (u.a./ton,
                                                                   1st        2nd          3rd         4th    5th         6th
      CCT                                             Current    period      period       period      period period     period
    heading             Description of goods
       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