CELEX: 31988R0270
Language: en
Date: 1988-01-30 00:00:00
Title: Commission Regulation (EEC) No 270/88 of 28 January 1988 fixing the corrective amount applicable to the refund on rice and broken rice

No L 26/56                            Official Journal of the European Communities                                   30 . 1 . 88
                                   COMMISSION REGULATION (EEC) No 270/88
                                                     of 28 January 1988
                    fixing the corrective amount applicable to the refund on rice and broken rice
THE COMMISSION OF THE EUROPEAN COMMUNITIES,                      basis of offers for shipment during the month of exporta­
                                                                 tion ;
Having regard to the Treaty establishing the European
Economic Community,                                              Whereas, following the introduction of the combined
                                                                 nomenclature by Council Regulaetion (EEC) No
                                                                 2658/87 (*), the nomenclature applicable from 1 January
Having regard to the Act of Accession of Spain and               1988 to export refunds on agricultural products was esta­
Portugal,                                                        blished by Regulation (EEC) No 3846/87 (^ ;
Having regard to Council Regulation (EEC) No 1418/76             Whereas, if the refund system is to operate normally,
of 21 June 1976 on the common organization of the                refunds should be calculated on the following basis :
market in rice ('), as last amended by Regulation (EEC)          — in the case of currencies which are maintained in rela­
No 3990/87 (2), and in particular the second subparagraph             tion to each other at any given moment within a band
of Article 17 (4) thereof,                                            of 2,25 % , a rate of exchange based on their central
                                                                      rate, multiplied by the corrective factor provided for in
Having regard to the opinion of the Monetary Committee,               the last paragraph of Article 3 (1 ) of Council Regula­
                                                                      tion (EEC) No 1676/85 (8), as last amended by Regula­
                                                                      tion (EEC) No 1636/87 (9),
Whereas the first subparagraph of Article 17 (4) of Regu­
                                                                 — for other currencies, an exchange rate based on the
lation (EEC) No 1418/76 provides that the export refund               arithmetic mean of the spot market rates of each of
applicable to rice and broken rice on the day on which                these currencies recorded for a given period in rela­
application for an export licence is made, adjusted for the           tion to the Community currencies referred to in the
threshold price which will be in force during the month
of exportation, must be applied on request to exports to              previous indent, and the aforesaid coefficient ;
be effected during the period of validity of the licence ;
                                                                 Whereas it follows from applying the provisions set out
                                                                 above that the corrective amount must be as set out in the
Whereas Regulation No 474/67/EEC (3), as amended by              Annex hereto ;
Regulation (EEC) No 1397/68 (4), lays down detailed rules
for the advance fixing of the export refund on rice and          Whereas the measures provided for in this Regulation are
broken rice ;
                                                                 in accordance with the opinion of the Management
                                                                  Committee for Cereals,
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               HAS ADOPTED THIS REGULATION :
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
must be increased by an amount no greater than the                                           Article 1
difference between the cif price and the cif forward deli­
very price, where the former exceeds the latter by more          The corrective amount referred to in Article 17 (4) of
than 0,30 ECU per tonne ;
                                                                  Regulation (EEC) No 1418/76 which is applicable to the
                                                                  export refunds fixed in advance in respect of rice and
Whereas the cif price is that determined in accordance            broken rice shall be as set out in the Annex hereto.
with Article 16 of Regulation (EEC) No 1418/76 ; whereas
the cif forward delivery price is that determined in accor­
dance with Article 3 (2) of Council Regulation (EEC) No                                      Article 2
 1428/76 (*), based in respect of each month for which the
export licence is valid, on the cif price calculated on the
                                                                  This Regulation shall enter into force on 1 February 1988 .
(') OJ No L 166, 25. 6. 1976, p. 1 .
I1) OJ No L 377, 31 . 12. 1987.                                   («) OJ  No  L 256,  7. 9. 1987, p. 1 .
(3) OJ No 204, 24. 8. 1967, p. 20.                                O   OJ  No  L 366,  24. 12. 1987, p. 1 .
(4) OJ No L 222, 10. 9. 1968, p. 6.                               (8) OJ  No  L 164,  24. 6. 1985, p. 1 .
Is) OJ No L 166, 25. 6. 1976, p. 30.                              0   OJ  No  L  153, 13. 6. 1987, p. 1 .
 ---pagebreak---                                                                                                           No L 26/57
30 . 1 . 88                        Official Journal of the European Communities
            This Regulation shall be binding in its entirety and directly applicable in all Member
            States.
            Done at Brussels, 28 January 1988 .
                                                                        For the Commission
                                                                         Frans ANDRIESSEN
                                                                            Vice-President
                                                        ANNEX
            to the Commission Regulation of 28 January 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                2               3               4              5
                    1006 20 10 000
                                                  0               0              0              0
                    1006 20 90 000
                    1006 30 11 000
                    1006 30 19 000
                    1006 30 91 000
                                                  0               0              0              0
                    1006 30 99 100
                                                  0               0              0              0
                    1006 30 99 900
                    1006 40 00 000