CELEX: 31988R1463
Language: en
Date: 1988-05-28 00:00:00
Title: Commission Regulation (EEC) No 1463/88 of 27 May 1988 fixing the corrective amount applicable to the refund on rice and broken rice

No L 132/ 54                             Official Journal of the European Communities                                 28 . 5. 88
                                     COMMISSION REGULATION (EEC) No 1463/88
                                                         of 27 May 1988
                     fixing the corrective amount applicable to the refund on rice and broken rice
THE COMMISSION OF THE EUROPEAN COMMUNITIES,                        dance with Article 3 (2) of Council Regulation (EEC) No
                                                                   1428/76 (*), based in respect of each month for which the
                                                                   export licence is valid, on the cif price calculated on the
Having regard to the Treaty establishing the European              basis of offers for shipment during the month of exporta­
Economic Community,                                                tion ;
                                                                   Whereas, if the refund system is to operate normally,
Having regard to the Act of Accession of Spain and                 refunds should be calculated on the following basis :
Portugal,
                                                                   — in the case of currencies which are maintained in rela­
                                                                       tion to each other at any given moment within a band
Having regard to Council Regulation (EEC) No 1418/76                   of. 2,25 % , a rate of exchange based on their central
of 21 June 1976 on the common organization of the                      rate, multiplied by the corrective factor provided for in
market - in rice ('), as last amended by Regulation (EEC)              the last paragraph of Article 3 (1 ) of Council Regula­
No 3990/87 (2), and in particular the second subparagraph              tion (EEC) No 1676/85 (*), as last amended by Regula­
of Article 17 (4) thereof,                                             tion (EEC) No 1636/87 0,
                                                                   — for other currencies, an exchange rate based on the
Having regard to the opinion of the Monetary Committee,                arithmetic mean of the spot market rates of each of
                                                                       these currencies recorded for a given period in rela­
                                                                       tion to the Community currencies referred to in the
                                                                       previous indent, and the aforesaid coefficient ;
Whereas the first subparagraph of Article 17 (4) of Regu­
lation (EEC) No 1418/76 provides that the export refund
applicable to rice and broken rice on the day on which             Whereas it follows from applying the provisions set out
application for an export licence is made, adjusted for the        above that the corrective amount must be as set out in the
threshold price which will be in force during the month            Annex hereto ;
of exportation, must be applied on request to exports to
be effected during the period of validity of the licence ;
                                                                   Whereas the measures provided for in this Regulation are
                                                                   in accordance with the opinion of the Management
                                                                   Committee for Cereals,
Whereas Regulation No 474/67/EEC (3), as amended by
Regulation (EEC) No 1397/68 (4), lays down detailed rules
for the advance fixing of the export refund on rice and
broken rice ;
                                                                   HAS ADOPTED THIS REGULATION :
Whereas that Regulation provides that the refund appli­
cable on the day on which application for an export
licence is made must, when it is fixed in advance, be
reduced by an amount no greater than the difference                                          Article 1
between the cif forward delivery price and the cif price,
where the former exceeds the latter by more than 0,30
ECU per tonne ; whereas on the other hand, the refund              The corrective amount referred to in Article 17 (4) of
must be increased by an amount no greater than the                 Regulation (EEC) No 1418/76 which is applicable to the
difference between the cif price and the cif forward deli­         export refunds fixed in advance in respect of rice and
very price, where the former exceeds the latter by more            broken rice shall be as set out in the Annex hereto.
than 0,30 ECU per tonne ;
Whereas the cif price is that determined in accordance                                        Article 2
with Article 16 of Regulation (EEC) No 1418/76 ; whereas
the cif forward delivery price is that determined in accor­
                                                                   This Regulation shall enter into force on 1 June 1988.
(') OJ No  L 166, 25.   6. 1976, p. 1 .
(2) OJ No  L 377, 31 .  12. 1987, p. 15.                           O OJ No L 166, 25. 6. 1976, p. 30.
(3) OJ No  204, 24. 8 .  1967, p. 20/67.                           (6) OJ No L 164, 24. 6. 1985, p. 1 .
(4) OJ No  L 222, 10.   9. 1968, p. 6.                             O OJ No JL 153, 13. 6. 1987, p. 1 .
 ---pagebreak--- 28 . 5 . 88                           Official Journal of the European Communities                                     No L 132/55
            This Regulation shall be binding in its entirety and directly applicable in all Member
             States .
             Done at Brussels, 27 May 1988 .
                                                                                 For the Commission
                                                                                   Frans ANDRIESSEN
                                                                                      Vice-President
                                                             ANNEX
            to the Commission Regulation of 27 May 1988 fixing the corrective amount applicable to
                                            the refund on rice and broken rice
                                                                                                           (ECU/tonne)
                                                 Current            1st period         2nd period       3rd period
                       Product code                                                                          9
                                                    6                   7                  8
                      1006 20 10 000               —                    —
                                                                                          —       • ■       —
                      1006 20 90 000                0                   0                  0                 0
                      1006 30 11 000               —                    —                 —
                      1006 30 19 000               —                    —                 —                 —
                      1006 30 91 000               —                    —
                                                                                  I-\                       —
                      1006 30 99 100                0                   0                  0                 0
                                                                                                      \
                      1006 30 99 900                0                    0                 0                 0
                      10.06 40 00 000              —                    —                  —                —
             N.B. : The product codes and the footnotes are defined in Regulation (EEC) No 3846/87 as amended.