Commission Regulation (EC) No 79/2003 of 17 January 2003 amending Regulation (EC) No 1422/95 laying down detailed implementing rules for the import of molasses in the sugar sector

Commission Regulation (EC) No 79/2003
of 17 January 2003
amending Regulation (EC) No 1422/95 laying down detailed implementing rules for the import of molasses in the sugar sector
THE COMMISSION OF THE EUROPEAN COMMUNITIES
,
Having regard to the Treaty establishing the European Community,
Having regard to Council Regulation (EC) No 1260/2001 of 19 June 2001 on the common organisation of the markets in the sugar sector(1), as amended by Commission Regulation (EC) No 680/2002(2), and in particular Article 24(4) thereof,
Whereas:
(1) Regulation (EC) No 1422/95(3) lays down that representative prices on the world market, on the basis of which the additional duties on imports of molasses are fixed, are normally fixed every week in accordance with the procedure laid down in Article 42(2) of Regulation (EC) No 1260/2001.
(2) The current system involves fixing representative prices and additional duties every week, even when the amounts are unchanged or vary only slightly. In order to simplify and clarify the fixing of representative prices and additional duties, provision should be made for representative prices and additional duties to be fixed every two weeks and for their amendment by the Commission during this period subject to certain precise conditions.
(3) The measures provided for in this Regulation are in accordance with the opinion of the Management Committee for Sugar,