Regulation (EEC) No 19/69 of the Council of 20 December 1968 on the advance fixing of the levy on imports of olive oil

REGULATION (EEC) No 19/69 OF THE COUNCIL  of 20 December 1968  on the advance fixing of the levy on imports of olive oil
THE COUNCIL OF THE EUROPEAN COMMUNITIES
,
Having regard to the Treaty establishing the European Economic Community;
Having regard to Council Regulation No 136/66/ EEC (1) of 22 September 1966 on the establishment of a common organisation of the market in oils and fats, as amended by Regulation (EEC) No 2146/68, (2) and in particular Article 16 (1) thereof;
Having regard to Council Regulation No 162/66/ EEC (3) of 27 October 1966 on trade in oils and fats between the Community and Greece, and in particular Article 8 thereof;
Having regard to the proposal from the Commission;
Whereas Article 16 of Regulation No 136/66/EEC provides for the possibility of the import levy on olive oil being fixed in advance ; and whereas it is for the Council to adopt the appropriate provisions for applying it;
Whereas given normal trade practice on the world market in olive oil, the period of advance fixing can be limited to that which is necessary to allow traders to effect imports knowing what the cost price of the imported product will be;
Whereas to allow the number of applications for advance fixing to be assessed as a preliminary to the possible introduction of protective measures, provision should be made for an interval between the lodging of the application for advance fixing and its approval;
Whereas to prevent speculation which might result from fluctuations in the levy, provision should be made for the lodging of a deposit guaranteeing that importation is effected within the period specified;