CELEX: 31967R0140
Language: en
Date: 1967-06-21 00:00:00
Title: Regulation No 140/67/EEC of the Council of 21 June 1967 on rules for the advance fixing of levies on cereals

Official Journal of the European Communities                                        91
 2456/67                      OFFICIAL JOURNAL OF THE EUROPEAN COMMUNITIES                                         26.6.67
                                REGULATION No 140/67/EEC OF THE COUNCIL
                                                      of 21 June 1967
                                    on rules for the advance fixing of levies on cereals
 THE COUNCIL OF THE EUROPEAN ECONOMIC                            fluctuations from adversely affecting the Community
 COMMUNITY,                                                      market in cereals, provision should be made in such a
                                                                 case for fixing the premium at a higher level than
                                                                 that resulting from application of the usual rules so
 Having regard to the Treaty establishing the Euro­               as to cover the difference between the c.i.f. price and
pean Economic Community;                                         the c.i.f. forward delivery price, or for suspending
                                                                 temporarily the advance fixing of the levy, or for re­
                                                                 ducing the period for which it is possible to obtain
Having regard to Council Regulation No 120/67/                   advance fixing of the levy;
EEC1 of 13 June 1967 on the common organisation
 of the market in cereals, and in particular Article
15 (4) thereof;                                                  Whereas it is desirable, by means of the premium sys­
                                                                 tem, to induce the importer to respect the period in­
                                                                 dicated by him when applying for the advance fixing
Having regard to the proposal from the Commission;               of a levy in accordance with Article 15 (2) of Regu­
                                                                 lation No 120/67/EEC, although allowance should be
                                                                 made for the fact that the conditions of purchase cus­
                                                                 tomary in the international cereal trade and uncer­
Whereas the common threshold price is the Com­                   tainty about delivery time will often prevent the im­
munity market's sole protection and whereas, if im­              port from being effected during the month indicated
ports were to enter this market at prices below the              on the import licence;
threshold price, the normal disposal of home-grown
cereals in accordance with the regionalisation rules
would be seriously threatened; whereas it is therefore
necessary, where the levy has been fixed in advance,             HAS ADOPTED THIS REGULATION :
to fix the premium provided for in Article 15 (2) of
Regulation No 120/67/EEC so that the product im­
ported under this procedure may enter the Com­                                           Article 1
munity market under conditions which cannot dis­
turb its balance;
                                                                 The amount of the premiums provided for in Article
                                                                 15 (2) of Regulation No 120/67/EEC expressed in
                                                                 units of account per metric ton shall be the same for
Whereas to this end it is necessary that this premium            the entire Community.
should cover the difference between the c.i.f. price
and a c.i.f. forward delivery price, where the latter is
lower than the former, determined on the basis of of­            The scale of premiums shall include a premium for
fers reflecting the real trend of the future market;             the current month and a premium for each of the fol­
                                                                 lowing months until the licence expires.
Whereas there are exceptional cases where extra­
neous factors cause substantial price fluctuations on                                    Article 2
the cereals market; whereas, in order to prevent such
                                                                 When, for one of the products listed in Article 1 (a)
                                                                 and (b) of Regulation No 120/67/EEC, the c.i.f. price
1 OJ No 117, 19.6.1967, p. 2269/67.                              is higher than the c.i.f. forward delivery price for the
 ---pagebreak--- 92                                   Official Journal of the European Communities
same product, the rate of , the premium shall, subject         the relevant- product, the amount of the premium
to the provisions set out below, be equal to the               may temporarily be fixed at a higher level than the
difference between the two prices.                             premium resulting from the preceding Articles .
                          Article ,3                           2. However, for the month in which the import li­
                                                               cence was issued, the amount of the premium may
                                                               not exceed the amount resulting from the preceding
1 . The c.i.f. price shall be the c.i.f. price as deter­       Articles .                           '    .
mined, in accordance 'with Article 13 of Regulation
No 120/67/EEC, on the day the scale of premiums is
fixed.
                                                               3 . The amount of the premium may not exceed
                                                               the amount resulting from the ^preceding Articles by
                                                               mor.e than : . *
2. The c.i.f. forward delivery price shall' be the ,
c.i.f.. price, determined in accordance with Article 13
of Regulation No 120/67/EEC, but calculated on the             (a). 0-50 units of account , for the month following
basis of offers at North Sea ports valid as' follows :               that in which the licence was issued;
 (a) in the case of imports to be effected during the          (b) 0-75 units of account for ' the other' months for
      month in which the licence was issued, for ship­               which the licence is valid, with the exception of
      ment during that month;                                        the last month, for which the increase in the pre­
                                                                    "mium may ,go up to 1-25 units of account.
 (b) in the case of imports to be effected during the
      month following that in which the licence was
      issued, for shipment during the month following                                     Article 7
      that in which the iriiport licence was issued;
                                                               In exceptional cases, where factors extraneous to the
(c) in the case of imports to be effected during the           cereals market cause substantial price fluctuations on
      last months for which the ' licence is valid, for        this market which could not be foreseen in the light
      shipment during the month preceding the intended         of the supply and demand situation on the world
      month of importation.                                    market, the . amount of the premium may be .fixed at
                                                               a level higher than that resulting from the provisions
                                                               of the preceding Articles.
                          Article 4
                                                               The amount of the premium- may not be increased by
                                                               more than the difference between the c.i.f. price de­
If the c.i;f. price is equal to the c.i.f. forward delivery    termined for each product, and the last c.i.f. price de­
price or exceeds the latter by not more, than 0-125             termined for each product before prices began to be
units of account per metric ton, the premium shall be           affected by the factors mentioned in paragraph 1 .
equal to 0 units of account.
                                                                                        Article 8
                          Article 5
                                                               In the cases mentioned in Article .7, the advance fix­
 1 . The amount of the premium shown in the scale              ing of the levy, in accordance with Article 15 (2) of
in force for a particular product and period shall be           Regulation No 120/67/EEC,. may be suspended, or
adjusted where application of the rules laid down in           the period for whicfr it is possible to obtain advance
the preceding Articles entails a change in that amount         fixing of the levy may be reduced, in accordance with
 of more than 0-125' units of account.                          the procedure provided for in Article 26 of Regu­
                                                                lation No 120/67/EEC.
2.      The scale shall remain in force until a new scale
 is brought into force by the Commission.                                               Article 9
                                                                If importation is not effected during the month indi­
                          Article 6
                                                                cated at the time of application and subject to excep­
                                                                tions the definition and . details, of- which shall be de­
 1.     If, in view of prospective imports, serious diffi­      termined in accordance with the procedure laid down>
 culties threaten to . affect the Community market in           in Article 26 of Regulation No 120/67/EEC :
 ---pagebreak---                                   Official Journal of the European Communities                                   93
(a) the levy applicable on the day on which the                  month of importation indicated, is less than the .
     application for the licence was submitted shall be          amount of the premium which was valid at the
     adjusted in accordance with the threshold price             time of submission of the application for the
     in force on the day of importation ; and                    month in which importation is effected, the latter
                                                                 amount shall be applied.
(b) the premium applicable shall be the premium
     shown, for the product in question and for the
    month of importation indicated, in the scale of
    premiums in force on the day the application for                               Article 10
    the licence was submitted. However, if the
    amount of the premium which is valid for the             This Regulation shall enter into force on 1 July 1967.
              This Regulation shall be binding in its entirety and directly applicable in all Member
              States .
              Done at Brussels, 21 June 1967.
                                                                                  For the Council
                                                                                   The President
                                                                               R. VAN ELSLANDE