CELEX: 31975R1201
Language: en
Date: 1975-05-08 00:00:00
Title: Regulation (EEC) No 1201/75 of the Commission of 7 May 1975 fixing the corrective amount applicable to the refund on cereals

8 . 5 . 75                                Official Journal of the European Communities                              No L 118 / 37
                                REGULATION ( EEC) No 1201 /75 OF THE COMMISSION
                                                          of 7 May 1975
                            fixing the corrective amount applicable to the refund on cereals
THE COMMISSION OF THE EUROPEAN                                       Whereas the cif price is that determined in accor­
COMMUNITIES ,                                                        dance with Article 13 of Regulation No 120 / 67/ EEC ;
                                                                     whereas the cif forward delivery price is that deter­
Having regard to the Treaty establishing the European                mined in accordance with Article 3 (2) of Regulation
Economic Community ;                                                 No 1 40 / 67/ EEC ( 7), as amended by Regulation (EEC)
                                                                     No 2435/70 ( s), based , in respect of each month for
Having regard to Council Regulation                   No   120/      which the export licence is valid , on the cif price
67/ EEC (') of 13 June 1967 on the common organiza­                  calculated on the basis of offers for shipment during
tion of the mauket in cereals, as last amended by Regu­
                                                                     the month of exportation ;
lation ( EEC) No 85/75 (-'), and in particular the third
sentence of the second subparagraph of Article 16 (4)                Whereas the corrective amount so fixed will be altered
thereof ;                                                            if application of the calculation procedure described
                                                                     above entails a change in that amount of more than
 Having regard to Council Regulation No 139 /                        0-125 unit of account ;
67/ EEC (3) of 21 June 1967 laying down general rules
for granting export refunds on cereals and criteria for
fixing the amount of such refunds, as last amended by                Whereas, however, Article 2 of Regulation No 633/
Regulation ( EEC) No 87/75 ( ; ) ;                                   67/ EEC provides that the corrective amount appli­
                                                                     cable to the amount of the refund fixed in advance on
 Having regard to the Opinion of the Monetary                        exports to be effected after the third month following
Committee ;                                                          that during which the licence was issued should be
                                                                     fixed on the basis of foreseeable market trends ;
                                                                     whereas to this end account should be taken of avail­
Whereas Article 16 (4) of Regulation No 120 / 67/ EEC                abilities and foreseeable trends on the Community
 provides that the export refund applicable to cereals               market and of forward trends on the world market, in
on the day on which application for an export licence                particular on those markets whose specific require­
 is made, adjusted for the threshold price in force                  ments have made it necessary to vary the refund ;
during the month of exportation , must be applied on
 request to exports to be effected during the period of
 validity of the export licence ; whereas , in this case, a          Whereas, if the refund system is to operate normally,
corrective amount must be applied to the refund ;                    refunds should be calculated on the following basis :
Whereas Regulation No 633 / 67/ EEC (5 ), as last
                                                                     — in the case of currencies which are maintained in
amended by Regulation ( EEC) No 1461 / 72 ( 6 ), lays
down detailed rules for the advance fixing of the                           relation to each other, at any given moment,
export refund on cereals ;                                                  within a band of 2 25 % , a rate of exchange based
                                                                            on their effective parity ;
Whereas that Regulation provides that the refund
applicable on the day on which application for an                    — for other currencies an exchange rate based on the
export licence is made must, when the refund is fixed                       arithmetic mean of the spot market rates of each
 in advance , be reduced by not more that the differ­                       of these currencies recorded for a given period , in
ence between the cif forward delivery price and the cif                     relation to the Community currencies referred to
 price where the former exceeds the latter by more                          in the previous subparagraph ;
 than one unit of account per metric ton ; whereas, on
 the other hand , the refund must be increased by not
                                                                     Whereas it follows from applying all these provisions
 more than the difference between the cif price and                  that the corrective amount must be fixed as shown in
the cif forward delivery price where the former                      the table annexed to this Regulation ;
exceeds the latter by more than one unit of account
per metric ton ;
                                                                     Whereas the measures provided for in this Regulation
  ')  OJ No  117 , 19 . 6 . 1967 , p. 2269 / 67 .                    are in accordance with the Opinion of the Manage­
  ')  OJ No L 11 , 16 . I. 1975 , p. 1 .                              ment Committee for Cereals ,
  '') OJ No 125 , 26 . 6 . 1967, p. 2453 /67 .
  4)  OJ No L 11 , 16 . 1 . 1975 , p. 3 .
      Oj No 233 , 28 . 9 . 1967. n . 9 .                             ( ) OJ No 125 , 26 . 6 . 1967 , p. 2456 / 67 .
(<>) OJ  No L 155 , 11.7 . 1972, p. 35 .                             ( s ) OJ No L. 262 ,    12 . 1970 , p. 3 .
 ---pagebreak--- No L 118 /38                              Official Journal of the European Communities                                      8 . 5 . 75
HAS ADOPTED THIS REGULATION :                                        export refunds fixed in advance in respect of cereals is
                                                                     hereby fixed as shown in the table annexed to this
                           Article 1                                 Regulation .
                                                                                                  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 8 May 1975 .
               This Regulation shall be binding in its entirety and directly applicable in all Member
               States .
               Done at Brussels, 7 May 1975 .
                                                                                For the Commission
                                                                                   P. J. LARDINOIS
                                                                            Member of the Commission
                                                                ANNEX
               to the Commission Regulation of 7 May 1975 fixing the corrective amount applicable to
                                                        the refund on cereals
                                                                                                                      (tut. / metric ton) s
         CCT                                                           1st       2nd         3rd         4th     5th            6th
                                                           Current
       heading              Description of goods                     period     period      period      period period          period
          No                                                  5         6         7           8           9      10              1 1
10.01 A            Common wheat, and meslin                   0    + 4-00     + 5-00      + 5-00      + 5-00
10.01 B            Durum wheat
10.02              Rye                                        0        0          0           0
10.0.3             Barley                                     0        0          0           0
10.04              Oats                                       0        0          0           0
10.05 B            Maize other than hybrid maize
                      for sowing                              0        0          0           0
10.07 C            Grain sorghum                              0        0          0           0
1 1.01 A           Common wheat flour                         0        0          0           0           0
1 1 .0 1 B         Rye flour                                  0        0          0           0           0     —               —
1 1 .02 A I a      Durum wheat groats and meal
1 1 .02 A 1 b      Common wheat groats and
                      meal                                    0        0          0           0           0
N.B. The zones are those defined in Regulation ( EEC) No 941 /72 (OJ No L 107, 6. 5 . 1972).