Commission Regulation (EC) No 842/2003 of 15 May 2003 laying down the reduction coefficient to be applied under tariff subquota III for common wheat of a quality other than high quality opened by Regulation (EC) No 2375/2002

Commission Regulation (EC) No 842/2003
of 15 May 2003
laying down the reduction coefficient to be applied under tariff subquota III for common wheat of a quality other than high quality opened by Regulation (EC) No 2375/2002
THE COMMISSION OF THE EUROPEAN COMMUNITIES
,
Having regard to the Treaty establishing the European Community,
Having regard to Council Regulation (EEC) No 1766/92 of 30 June 1992 on the common organisation of the market in cereals(1), as last amended by Regulation (EC) No 1666/2000(2),
Having regard to Commission Regulation (EC) No 2375/2002 of 27 December 2002 opening and providing for the administration of Community tariff quotas for common wheat of a quality other than high quality from third countries and derogating from Council Regulation (EEC) No 1766/92(3), as amended by Regulation (EC) No 531/2003(4), and in particular Article 5(3) thereof,
Whereas:
(1) Regulation (EC) No 2375/2002 opens an annual tariff quota of 2981600 tonnes of common wheat of a quality other than high quality. That quota is divided into three subquotas.
(2) Article 3(3) of Regulation (EC) No 2375/2002 fixes a quantity of 592900 tonnes for subquota III for the period 1 April 2003 to 30 June 2003.
(3) The quantities applied for on 12 May 2003, in accordance with Article 5(1) of Regulation (EC) No 2375/2002, exceed the quantities available. The extent to which licences may be issued should therefore be determined and a reduction coefficient laid down to be applied to the quantities applied for,