Commission Regulation (EC) No 1518/95 of 29 June 1995 laying down detailed rules for the application of Regulations (EEC) No 1418/76 and (EEC) No 1766/92 as regards the import and export system for products processed from cereals and rice and amending Regulation (EC) No 1162/95 laying down special detailed rules for the application of the system of import and export licences for cereals and rice

COMMISSION REGULATION (EC) No 1518/95 of 29 June 1995 laying down  detailed rules for the application of Regulations (EEC) No 1418/76 and (EEC) No 1766/92 as regards  the import and export system for products processed from cereals and rice and amending Regulation  (EC) No 1162/95 laying down special detailed rules for the application of the system of import and  export licences for cereals and rice
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 organization of  the market in cereals  (1), as last amended by the Act of Accession of Austria, Finland and Sweden  and by Regulation (EC) No 3290/94  (2), and in particular Articles 10 (4), 11 (4), 13 (11) and 16  (2) thereof,
Having regard to Council Regulation (EEC) No 1418/76 of 21 June 1976 on the common organization of  the market in rice  (3), as last amended by the Act of Accession of Austria, Finland and Sweden and  by Regulation (EC) No 3290/94, and in paricular Articles 12 (4), 13 (4), 14 (16) and 17 (11)  thereof,
Whereas implementation of the Agreement on Agriculture reached as part of the Uruguay Round  involves major amendments to the import and export system and whereas, therefore, rules should be  laid down for the application of the system of import duties and refunds applicable in trade with  third countries in products processed from cereals and from rice, excluding compound feedingstuffs,  for which special rules have been laid down;
Whereas the object of the refund should be to cover the difference between the prices for products  within the Community and those charged on the world market; whereas, for that purpose, criteria  should be established for determining the refund essentially by reference to prices of the basis  products within and outside the Community, and to the outlets and conditions for the sale of  processed products on the world market;
Whereas Commission Regulation (EEC) No 1620/93  (4) is to be repealed on 1 July 1995 and whereas,  as a result, this Regulation should incorporate its provisions, whilst adjusting them to present  market conditions and to the implementation of the agreements concluded as part of the Uruguay  Round of multilateral trade negotiations;
Whereas the measures provided for in this Regulaiton are in accordance with the opinion of the  Management Committee for Cereals,