Regulation (EEC) No 1397/68 of the Commission of 6 September 1968 amending Regulation No 474/67/EEC on the advance fixing of the export refund on rice and broken rice

REGULATION (EEC) No 1397/68 OF THE COMMISSION  of 6 September 1968  amending Regulation No 474/67/EEC on the advance fixing of the export refund on rice and broken rice
THE COMMISSION OF THE EUROPEAN COMMUNITIES
,
Having regard to the Treaty establishing the European Economic Community;
Having regard to Council Regulation No 359/67/EEC 1 of 28 July 1967 on the common organisation of the market in rice, and in particular Article 17 (6) thereof;
Whereas, in accordance with Article 17 (4) of Regulation No 359/67/EEC, the refund applicable on the day on which the application for an export licence is made may be applied to an export made during the period of validity of the licence and whereas, in that case, a corrective amount is applied to the refund ; whereas, in accordance with Article 1 of Commission Regulation No 474/67/EEC 2 of 21 August 1967 on the advance fixing of the export refund on rice and broken rice, the corrective amount is equal to the difference between the c.i.f. price and c.i.f. forward delivery price;
Whereas, while export licences for rice and broken rice are valid until the end of the fifth month following that of issue, a truly representative market seldom exists for such products other than on the shortest term or terms ; whereas it should therefore be possible to fix a corrective amount lower than the difference referred to above;
Whereas it is consequently necessary to amend Regulation No 474/67/EEC;
Whereas the measures provided for in this Regulation are in accordance with the Opinion of the Management Committee for Cereals;