CELEX: 31977R2990
Language: en
Date: 1977-12-31 00:00:00
Title: Commission Regulation (EEC) No 2990/77 of 30 December 1977 fixing the export refunds on malt

No L 351 /42                             Official Journal of the European Communities                           31 . 12. 77
                                   COMMISSION REGULATION (EEC) No 2990/77
                                                      of 30 December 1977
                                               fixing the export refunds on malt
THE COMMISSION OF THE EUROPEAN                                      Whereas it follows from applying these rules and
COMMUNITIES,                                                        criteria to the present situation on the market in
                                                                    products processed from cereals and rice that the
                                                                    export refund should be fixed at an amount which
Having regard to the Treaty establishing the European               will cover the difference between Community prices
Economic Community,                                                 and world market prices ;
                                                                   Whereas the world market situation or the specific
Having regard to Council Regulation (EEC) No                        requirements of certain markets may make it neces­
2727/75 of 29 October 1975 on the common organiza­                  sary to vary the refund for certain products according
tion of the market in cereals (l), as last amended by               to destination ;
Regulation (EEC) No 2560/77 (2), and in particular the
fourth subparagraph of Article 1 6 (2) thereof ;
                                                                   Whereas, if the refund system is to operate normally,
                                                                    refunds should be calculated on the following basis :
Having regard to the opinion of the Monetary
Committee,                                                         — 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 Article 16 of Regulation (EEC) No 2727/75                       on their effective parity ;
provides that the difference between quotations or
                                                                   — for other currencies an exchange rate based on the
prices on the world market for the products listed in
                                                                        arithmetic mean of the spot market rates of each
Article 1 of those Regulations and prices for those
                                                                        of these currencies recorded for a given period, in
products within the Community may be covered by
                                                                        relation to the Community currencies referred to
an export refund ;                                                      in the previous subparagraph ;
Whereas Article 2 of Council Regulation (EEC) No                   Whereas the refund must be fixed once a month ;
2746/75 of 29 October 1975 laying down general                     whereas it may be altered in the intervening period ;
rules for granting export refunds on cereals and
criteria for fixing the amount of such refunds (3),
                                                                   Whereas the measures provided for in this Regulation
provides that when refunds are being fixed account
must be taken of the existing situation and the future
                                                                    are in accordance with the opinion of the Manage­
                                                                    ment Committee for Cereals,
trend with regard to prices and availabilities of cereals
on the Community market on the one hand and
prices for cereals on the world market on the other ;
whereas the same Article provides that it is also impor­
tant to ensure equilibrium and the natural develop­                 HAS ADOPTED THIS REGULATION :
ment of prices and trade on the markets in cereals
and, furthermore, to take into account the economic
aspect of the proposed exports, and the need to avoid
disturbances on the Community market ;                                                     Article 1
Whereas Council Regulation (EEC) No 2744/75 of 29                  The export refunds on malt listed in Article 1 (d) of
October 1975 on the import and export system for                    Regulation (EEC) No 2727/75 subject to Regulation
products processed from cereals and from rice (4), as              (EEC) No 2744/75 are hereby fixed as shown in the
last amended by Regulation (EEC) No 2560/77,                       Annex to this Regulation .
defines the specific criteria to be taken into account
when the refund on these products is being calcu­
lated ;
                                                                                           Article 2
(>) OJ  No L 281 , 1 . 11 . 1975, p. 1 .
(2) OJ  No L 303 , 28 . 11 . 1977, p. 1 .
(3) OJ  No L 281 , 1 . 11 . 1975, p. 78 .                          This Regulation shall enter into force on 1 January
(<) OJ  No L 281 , 1 . 11 . 1975, p. 65.                            1978 .
 ---pagebreak--- 31 . 12. 77                    Official Journal of the European Communities                              No L 351 /43
            This Regulation shall be binding in its entirety and directly applicable in all Member
            States .
            Done at Brussels, 30 December 1977.
                                                                   For the Commission
                                                                    Finn GUNDELACH
                                                                       Vice-President
                                                   ANNEX
              to the Commission Regulation 30 December 1977 fixing the export refunds on malt
                                                                                            (u.a. / tonne)
                                  CCT heading No                                  Refund
            11.07 Ala)                                                           10300
            11.07 A I b)                                                            0
            11.07 A II a)                                                         89-32
            11.07 A II b)                                                         77-00
            11.07 B                                                                89-74