CELEX: 31974R2432
Language: en
Date: 1974-09-27 00:00:00
Title: Regulation (EEC) No 2432/74 of the Commission of 26 September 1974 fixing the corrective amount applicable to the refund on rice and broken rice

No L 261 /40                          Official Journal of the European Communities                              27. 9 . 74
                           REGULATION (EEC) No 2432/74 OF THE COMMISSION
                                                  of 26 September 1974
              fixing the corrective amount applicable to the refund on rice and broken rice
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 365/67/ EEC (5), as last amended by Regulation
Having regard to the Treaty establishing the European            (EEC) No 2435/70 (6), based, in respect of each month
Economic Community ;
                                                                 for which the export licence is valid, on the cif price
Having regard to Council Regulation No 359/                      calculated on the basis of offers for shipment during
67/EEC of 25 July 1967 on the common organiza­                   the month of exportation ;
tion of the market in rice, as last amended by Regula­           Whereas if the refund system is to operate normally,
tion (EEC) No 11 29/74 (2), and in particular the first          refunds should be calculated on the following basis :
subparagraph of Article 17 (4) thereof ;
                                                                 — in the case of currencies which are maintained in
Having regard to the Opinion of the Monetary                          relation to each other, at any given moment,
Committee ;                                                           within a band of 2-25 % , a rate of exchange based
Whereas the first subparagraph of Article 17 (4) of                   on their effective parity ;
Regulation No 359/67/ EEC provides that the export               — for other currencies an exchange rate based on the
refund applicable to rice and broken rice on the day                  arithmetic mean of the spot market rates of each
on which application for an export licence is made,                   of these currencies recorded for a given period, in
adjusted for the threshold price which will be in force               relation to the Community currencies referred to
during the month of exportation, must be applied on                   in the previous subparagraph ;
request to exports to be effected during the period of
validity of the licence ;
                                                                 Whereas it follows from applying all these provisions
                                                                 that the corrective amount applicable on 27
Whereas Regulation No 474/67/ EEC (3 ), as amended               September 1974 must be fixed as shown in the Table
by Regulation ( EEC) No 1 397/68 (4), lays down                  annexed to this Regulation ;
detailed rules for the advance fixing of the export
refund on rice and broken rice ;
                                                                 Whereas the measures provided for in this Regulation
                                                                 are in accordance with the Opinion of the Manage­
Whereas that Regulation provides that the refund                  ment Committee for Cereals ,
applicable on the day on which application for an
export licence is made must, when it is fixed in                  HAS ADOPTED THIS REGULATION :
advance, be reduced by an amount no greater than the
difference between the cif forward delivery price and                                     Article 1
the cif price, where the former exceeds the latter by
more than 0-025 unit of account per 100 kilo­                    The corrective amount referred to in Article 17 (4) of
grammes ; whereas, on the other hand, the refund                 Regulation No 359/67/EEC which is applicable to the
must be increased by an amount no greater than the               export refunds fixed in advance in respect of rice and
difference between the cif price and the cif forward             broken rice is hereby fixed as shown in the Table
delivery price, where the former exceeds the latter by           annexed to this Regulation .
more than 0-025 unit of account per 100 kilo­
grammes ;                                                                                 Article 2
Whereas the cif price is that determined in accor­               This Regulation       shall  enter into   force on     27
dance with Article 16 of Regulation No 359/67/ EEC ;             September 1974.
              This Regulation shall be binding in its entirety and directly applicable in all Member
              States .
              Done at Brussels, 26 September 1974.
                                                                             For the Commission
                                                                               P.J. LARDINOIS
                                                                        Member of the Commission
(') OJ No 174, 31 . 7 . 1967, p. 1 .
(-') OJ No L 128, 10. 5. 1974, p. 20.
(3) OJ No 204, 24. 8 . 1967, p. 20 .                             (5) OJ No 174, 31 . 7. 1967, p. 32.
n OI No L 222, 10 . 9 . 1968 , p. 6 .                            (6) OJ No L 262, 3 . 12. 1970, p. 1 .
 ---pagebreak--- 27. 9. 74                                      Official Journal of the European Communities                      No L 261/41
                                                                    ANNEX
                    to the Commission Regulation of 26 September 1974 fixing the corrective amount applicable
                                                     to the refund on rice and broken j-ice
                                                                                                                   (u.a.noo km)
                                                                             1st           2nd    3rd       4th        5ih
      CCT                                                  Current
    heading               Description of goods                             period         period period   period     period
       No                                                     9              10             11     12        1          2
10.0*       K ice :
            Λ . Paddy rice ; husked rice :
                 !. Paddy ricc :
                      a) Round grained                       —              —              —      --       —           —
                      h) Long grained                        —              —              —      —         —          —
                II . Husked rice :
                      a ) Round grained                      —              —              —      —        —           —
                      b) Long grained                        —              —              —      —         —
                                                                                                                       —
            ti. Semi-milled or wholly milled
                rice :
                 I. Semi-milled rice :
                      a ) Round grained                      —              —              —
                                                                                                           __
                                                                                                                       —
                      b) Long grained                        —              —              —      —        —
                                                                                                                       —
                II . Wholly milled rice :
                      a ) Round grained                      —
                                                                            —              —      —                    —
                      b) Long grained                        —              —              —      —        —
                                                                                                                       —
            C. Broken rice                                   —              —              —      —        —          —