CELEX: 31973R1427
Language: en
Date: 1973-05-31 00:00:00
Title: Regulation (EEC) No 1427/73 of the Commission of 30 May 1973 fixing the corrective amount applicable to the refund on cereals

31 . 5. 73                             Official Journal of the European Communities                            No L 144/5
                             REGULATION (EEC) No 1427/73 OF THE COMMISSION
                                                       of 30 May 1973
                         fixing the corrective amount applicable to the refund on cereals
THE COMMISSION OF THE EUROPEAN                                    exceeds the latter by more than one unit of account
COMMUNITIES,                                                      per metric ton ;
Having regard to the Treaty establishing the European             Whereas the cif price is that determined in accor­
Economic Community ;                                              dance with Article 13 of Regulation No 120/67/EEC ;
                                                                  whereas the cif forward delivery price is that deter­
                                                                  mined in accordance with Article 3 (2) of Regulation
Having regard to Council Regulation No 120/                       No 140/67/EEC (6), as amended by Regulation (EEC)
67/EEC ( ! ) of 13 June 1967 on the common organiza­              No 2435/70 (7), based, in respect of each month for
tion of the market in cereals, as last amended by the             which the export licence is valid, on the cif price
Act (2) annexed to the Treaty (3) on the Accession of             calculated on the basis of offers for shipment during
new Member States to the European Economic                        the month of exportation ;
Community and the European Atomic Energy
Community, signed at Brussels on 22 January 1972,
and in particular the third sentence of the first sub­            Whereas the corrective amount so fixed will be altered
paragraph of Article 1 6 (4) thereof ;                            if application of the calculation procedure described
                                                                  above entails a change in that amount of more than
                                                                  0-125 unit of account ;
 Having regard to the Opinion of the Monetary
 Committee :
                                                                  Whereas, however, Article 2 of Regulation No 633/
                                                                  67/EEC provides that the corrective amount appli­
                                                                  cable to the amount of the refund fixed in advance on
Whereas Article 16 (4) of Regulation No 120/67/ EEC               exports to be effected after the third month following
 provides that the export refund applicable to cereals            that during which the licence was issued should be
on the day on which application for an export licence             fixed on the basis of foreseeable market trends ;
 is made, adjusted for the threshold price in force               whereas to this end account should be taken of avail­
 during the month of exportation, must be applied on
                                                                  abilities and foreseeable trends on the Community
 request to exports to be effected during the period of           market and of forward trends on the world market, in
validity of the export licence ; whereas, in this case, a         particular on those markets whose specific require­
 corrective amount must be applied to the refund ;
                                                                   ments have made it necessary to vary the refund ;
 Whereas Regulation No 633/67/ EEC (4), as last                   Whereas, if the refund system is to operate normally,
 amended by Regulation (EEC) No 1461 /72 (5), lays                 refunds should be calculated on the basis of an
 down detailed rules for the advance fixing of the                 exchange rate which is based, in the case of currencies
 export refund on cereals ;                                       which are floating or whose central rate differs from
                                                                   the official parity, on the effective rate or the central
                                                                   rate of these currencies and, in the case of the US
 Whereas that Regulation provides that the refund                  dollar, on the change in parity announced on 13
 applicable on the day on which application for an                 February 1973 ;
 export licence is made must, when the refund is fixed
 in advance, be reduced by not more that the differ­
 ence between the cif forward delivery price and the cif          Whereas it follows from applying all these provisions
 price where the former exceeds the latter by more                 that the corrective amount must be fixed as shown in
 than one unit of account per metric ton ; whereas, on             the Table annexed to this Regulation ;
 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 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 .
 (s ) OJ No  L 155, 11 . 7. 1972, p. 35 .                          ( 7) OJ No L 262, 3 . 12. 1970 , p. 3 .
 ---pagebreak--- No L 144/ 6                            Official Journal of the European Communities                                   31 . 5 . 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 31 May
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, 30 May 1973 .
                                                                                  For the Commission
                                                                                     P. J. LARDINOIS
                                                                              Member of the Commission
                                                             ANNEX
             to the Commission Regulation of 30 May 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                                                5           6            7             8          9      10           11
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