CELEX: 31974R2041
Language: en
Date: 1974-08-02 00:00:00
Title: Regulation (EEC) No 2041/74 of the Commission of 1 August 1974 fixing the corrective amount applicable to the refund on cereals

2 . 8 . 74                              Official Journal of the European Communities                              No L 212/ 5
                             REGULATION ( EEC) No 2041 /74 OF THE COMMISSION
                                                       of 1 August 1974
                        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 1996/74 (2 ), and in particular the               above entails a change in that amount of more than
third sentence of the second subparagraph of Article               0-125 unit of account ;
16 (4) thereof ;
                                                                  Whereas, however, Article 2 ot Regulation No 633 /
Having regard to the Opinion of the Monetary                       67/ EEC provides that the corrective amount appli­
Committee ;                                                        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
request to exports to be effected during the period of             particular on those markets whose specific require­
                                                                   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,
Whereas Regulation No 633/ 67/ EEC (3 ), as last                   refunds should be calculated on the following basis :
amended by Regulation ( EEC) No 1 46 1 /72 (4 ), 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              — 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                    Whereas it follows from applying all these provisions
exceeds the latter by more than one unit ot 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 I 20 / 67 / 1 ! l!C ;       Whereas the measures provided for in this Regulation
                                                                   are in accordance with the Opinion of the Manage­
                                                                   ment Committee for Cereals ,
(') Ol No IP , 19 . 6 . 1967 , p. 22 69 / 67 .
(-') O'l No I. 209 ,       | 9-4, p. I.
('-) O'l No 233 , 2S .  1 967 p. 9 .                               O Ol No 125 , 26 . 6 . 1967 , p . 2456/ 67 .
C ) O'l No I. I v\ 11.7 . 1 9~2, p. * S.                           (") O'l No 1 . 262, 3 . 12 . 1970 , p . 3 .
 ---pagebreak--- No L 212/6                               Official Journal of the European Communities                              2 . 8 . 74
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 2 August
export refunds fixed in advance in respect of cereals is             1 974 .
             This Regulation shall be binding in its entirety and directly applicable in all Member
             States .
             Done at Brussels, 1 August 1974.
                                                                               For the Commission
                                                                                  P.J. LARDINOIS
                                                                             Member of tin- Commission
                                                               / NNEX
             to the Commission Regulation of 1 August 1974 fixing the corrective amount applicable to
                                                       the refund on cereals
       CCT                                                             1st       2nd      3rd         4th      •
                                                                                                                       6th
                                                          Current
     heading                Description of goods                     period     period   period      period period    period
        No                                                   S          9         H)       1 1         12      1        1
 10.01 A         Common wheat, and mesiin
 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                              —          —          —        —                  —         —