CELEX: 31973R0512
Language: en
Date: 1973-02-23 00:00:00
Title: Regulation (EEC) No 512/73 of the Commission of 22 February 1973 fixing the corrective amount applicable to the refund on cereals

23 . 2. 73                              Official Journal of the European Communities                            No L 50/7
                                  REGULATION (EEC) No 512/73 OF THE COMMISSION
                                                         of 22 February 1973
                                  fixing the corrective amount applicable to the refund on cereals
 THE COMMISSION OF THE EUROPEAN                                        by Regulation (EEC) No 2435/70 (7), based, in res­
 COMMUNITIES,                                                         pect of each month for which the export licence is
                                                                      valid, on the cif price calculated on the basis of
 Having regard to the Treaty establishing the Euro­                    offers for shipment during the month of export­
 pean Economic Comunity ;                                             ation ;
 Having regard to Council Regulation No                               Whereas the corrective amount so fixed will be al­
 120/67/EEC (1 ) of 13 June 1967 on the common                        tered if application of the calculation procedure
 organization of the market in cereals, as last amen­                 described above entails a change in that amount of
 ded by the Act (2) annexed to the Treaty (3) on the                  more than 0-125 units of account ;
 Accession of new Member States to the European
 Economic Community and the European Atomic                           Whereas however Article 2 of Regulation No
 Energy Community, signed at Brussels on 22 January                   633/67/EEC provides that the corrective amount
 1972, and in particular the third sentence of the first              applicable to the amount of the refund fixed in
 subparagraph of Article 16 (4) thereof ;                             advance on exports to be effected after the third
                                                                      month following that during which the licence was
 Having regard to the Opinion of the Monetary                         issued should be fixed on the basis of foreseable
 Committee ;                                                          market trends ; whereas to this end account should
 Whereas Article 16 (4) of Regulation No 120/67/                     be taken of availabilities and foreseeable trends on
 EEC provides that the export refund appli­                          the Community market and of forward trends on
 cable to cereals on the day on which application                     the world market, in particular on those markets
 for an export licence is made, adjusted for the                     whose specific requirements have made it necessary
 threshold price in force during the month of ex­                    to vary the refund ;
 portation must be applied on request to exports to                  Whereas, if the levy system is to operate normally,
 be effected during the period of validity of the ex­                levies should be calculated on the basis of an
 port licence ; whereas, in this case, a corrective                  exchange rate which is based, in the case of currencies
 amount must be applied to the refund ;                              which are floating or whose central rate differs from
Whereas Regulation No 633/67/EEC (4), as last                        the official parity, on the effective rate or the
 amended by Regulation (EEC) No 1461 /72 (5), lays                   central rate of these currencies and, in the case of
 down detailed rules for the advance fixing of the                   the US dollar, on the change in parity announced
 export refund on cereals ;                                          on 13 February 1973 ;
Whereas that Regulation provides that the refund                     Whereas it follows from applying all these pro­
applicable on the day on which application for a                     visions that the corrective amount must be fixed as
export licence is made must when the refund is                       shown in the Table annexed to this Regulation ;
fixed in advance, be reduced by not more that the                    Whereas the measures provided for in this Regula­
difference between the cif forward delivery price                    tion are in accordance with the Opinion of the
and the cif price where the former exceeds the                       Management Committee for Cereals ;
latter by more than one unit of account per . metric
ton ; whereas, on the other hand, the refund must
be increased by not more than the difference be­                     HAS ADOPTED THIS REGULATION :
tween the cif price and the cif forward delivery
price where the former exceeds the latter by more                                             Article 1
than one unit of account per metric ton ;
                                                                     The corrective amount referred to in Article 16 (4)
Whereas the cif price is that determined in ac­                      of Regulation No 120/67/EEC which is applicable
cordance with Article 13 of Regulation No
                                                                     to export refunds fixed in advance in respect of
120/67/EEC ; whereas the cif forward delivery                        cereals is hereby fixed as shown in the Table an­
price is that determined in accordance with Article                  nexed to this Regulation .
3 (2) of Regulation No 140/67/EEC (6), as amended
                                                                                              Article 2
(!) OJ   No  117, 19 . 6. 1967, p. 2269/67.
(2) OJ   No  L 73 , 27. 3 . 1972, p. 14.                             This Regulation shall enter into force on 23 February
(3) OJ   No  L 73, 27. 3 . 1972, p. 5 .                              1973 .
(*) OJ   No  233 , 28 . 9 . 1967, p. 9.
(5) OJ   No  L 155, 11 . 7. 1972, p. 35 .
(«) OJ   No  125, 26. 6. 1967, p. 2456/67 .                          C) OJ No L 262, 3 . 12 . 1970, p. 3 .
 ---pagebreak--- No L 50/ 8                             Official Journal of the European Communities                           23 . 2. 73
            This Regulation shall be binding in its entirety and directly applicable in all Member
            States .
            Done at Brussels, 22 February 1973 .
                                                                               For the Commission
                                                                                  P.J. LARDINOIS
                                                                          Member of the Commission
                                                             ANNEX
            to the Commission Regulation of 22 February 1973 fixing the corrective amount applicable
                                                     to the refund on cereals
                                                                                                                  (u.a.ltan)
     CCT                                                           1st        2nd        3rd     4th    5th         6th
    heading            Description of goods          Current     period     period      period  period period     period
      No                                                2           3          4           5       6      7          8
10.01 A         Common wheat, and mes­
                   iin
10.01 B         Durum wheat                            —          —           —           —       —      —          —
10.02           Rye                                    —          —           —           —       —      —          —
10.03           Barley                                 —          —           —           —       —      —          —
10.04           Oats                                   —          —           —           —       —      —          —
10.05 B         Maize other than hybrid
                   maize for sowing                    —          —           —           —       —      —          —
10.07 C         Grain sorghum
NB : The zones are those defined in the Annex to Regulation (EEC) No 941/72 ( OJ No L 107, 6. 5. 1972).