COMMISSION REGULATION (EEC) No 3022/93 of 29 October 1993 amending Regulation (EEC) No 3478/92 laying down detailed rules for the application of the premium system for raw tobacco

COMMISSION REGULATION (EEC) No 3022/93 of 29 October 1993 amending Regulation (EEC) No 3478/92 laying down detailed rules for the application of the premium system for raw tobacco
THE COMMISSION OF THE EUROPEAN COMMUNITIES
,
Having regard to the Treaty establishing the European Economic Community,
Having regard to Council Regulation (EEC) No 2075/92 of 30 June 1992 on the common organization of the market in raw tobacco (1), and in particular Article 7 thereof,
Whereas the securities to be provided by first processors in the case of the payment of advances may be very large; whereas the risk of subsequent recovery of the advance is considerably diminished where tobacco deliveries have been provisionally  verified and certified by the competent authorities and the corresponding premiums paid by the first processors to the entitled producers; whereas, in that case, a partial release of the security may be permitted, providing that sufficient security is  retained to safeguard against subsequent recovery when all deliveries have been verified; whereas Article 15 (3) of Commission Regulation (EEC) No 3478/92 (2), as last amended by Regulation (EEC) No 1668/93 (3), should accordingly be amended,