CELEX: 31975R1008
Language: en
Date: 1975-04-18 00:00:00
Title: Regulation (EEC) No 1008/75 of the Commission of 17 April 1975 fixing the corrective amount applicable to the refund on cereals

No L 97/46                              Official Journal of the European Communities                              18 . 4. 75
                              REGULATION ( EEC) No 1008 /75 OF THE COMMISSION
                                                       of 17 April 1975
                          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 1 40/67/ EEC (5), as amended by Regulation (EEC)
                                                                   No 2435/70 (6), 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/
67/ EEC (') of 13 June 1967 on the common organiza­                Whereas the corrective amount so fixed will be altered
tion of the market in cereals, as last amended by Regu­            if application of the calculation procedure described
lation (EEC) No 85/75 (2 ), and in particular the third            above entails a change in that amount of more than
sentence of the second subparagraph of Article 16 (4)              0-125 unit of account ;
thereof ;
                                                                   Whereas, however, Article 2 of Regulation No 633/
Having regard to the Opinion of the Monetary
Committee ;
                                                                   67/ EEC provides that the corrective amount appli­
                                                                   cable to the amount of the refund fixed in advance on
                                                                   exports to be effected after the third month following
Whereas Article 16 (4) of Regulation No 120/67/ EEC                that during which the licence was issued should be
                                                                   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
is made, adjusted for the threshold price in force                 abilities and foreseeable trends on the Community
                                                                   market and of forward trends on the world market, in
during the month of exportation , must be applied on
request to exports to be effected during the period of             particular on those markets whose specific require­
validity of the export licence ; whereas, in this case, a          ments have made it necessary to vary the refund ;
corrective amount must be applied to the refund ;
                                                                   Whereas, if the refund system is to operate normally,
Whereas Regulation No 633/67/ EEC (3), as last                     refunds should be calculated on the following basis :
amended by Regulation (EEC) No 1461 /72 (4), lays
down detailed rules for the advance fixing of the
export refund on cereals ;                                         — in the case of currencies which are maintained in
                                                                         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
                                                                   — for other currencies an exchange rate based on the
in advance, be reduced by not more that the differ­                      arithmetic mean of the spot market rates of each
ence between the cif forward delivery price and the cif                  of these currencies recorded for a given period, in
price where the former exceeds the latter by more                        relation to the Community currencies referred to
than one unit of account per metric ton ; whereas, on                    in the previous subparagraph ;
the other hand, the refund must be increased by not
more than the difference between the cif price and
the cif forward delivery price where the former
                                                                   Wher'.as it follows from applying all these provisions
exceeds the latter by more than one unit of account                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 1 1 , 16. 1 . 1975, p. 1 .
(3) OJ  No 233, 28 . 9. 1967, p. 9 .                               (5 ) OJ No 125, 26 . 6 . 1967, p. 2456/ 67 .
(4) OJ  No L 155, 11 . 7. 1972, p. 35.                             (") OJ No L 262, 3 . 12. 1970 , p. 3 .
 ---pagebreak--- 18 . 4. 75                                Official Journal of the European Communities                           No L 97/47
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 18 April
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, 17 April 1975.
                                                                              For the Commission
                                                                                  P.J. LARDINOIS
                                                                            Member of the Commission
                                                                ANNEX
              to the Commission Regulation of 17 April 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                                                    4         5         6        7           8      9               10
 10.01 A          Common wheat, and meslin
 10.01 B          Durum wheat                                —        —         —         —           —      —               —
 10.02            Rye                                        —        —         —         —           —      —               —
 10.03            Barley
                  for export to :
                  — zones I, II, III, VI and Malta            0       +2        +3        +3          —      —               —
                  — other third countries
 10.04            Oats                                       —        —         —         —           —      —
                                                                                                                             —      '
 10.05 B          Maize other than hybrid maize                                                                        \
                       for sowing                            —        —         —         —           —      —               —
 10.07 C          Grain sorghum                              —        —         —         —           —      —               —
 11.01 A          Common wheat flour                          0        0          0        0         —4      —               —
 11.01 B          Rye flour                                  —        —         —         —           —      —               —
 11 .02 A I a     Durum wheat groats and meal                —        —         —         —           —      —               —
 11 .02 A I b     Common wheat groats and
                       meal                                   0        0          0        0         — 4     —               —
 N.B. The zones are those defined in Regulation (EEC) No 941 /72 (OJ No L 107, 6 . 5. 1972).