Regulation (EEC) No 608/72 of the Council of 23 March 1972 laying down rules to be applied in cases of considerable price rises on the world sugar market

REGULATION (EEC) No 608/72 OF THE COUNCIL  of 23 March 1972  laying down rules to be applied in cases of considerable price rises on the world sugar market
THE COUNCIL OF THE EUROPEAN COMMUNITIES
,
Having regard to the Treaty establishing the European Economic Community;
Having regard to Council Regulation No 1009/67/EEC 1 of 18 December 1967 on the common organization of the market in sugar, as last amended by Regulation (EEC) No 607/72, 2 and in particular Article 16 (3) thereof;
Having regard to the proposal from the Commission;
Whereas Article 16 (1) of Regulation No 1009/67/EEC provides for the charging of a levy and for the possibility of charging a special levy on exports of sugar;
Whereas the appropriate procedures must be laid down for fixing the special levy;
Whereas Article 16 (2) of Regulation No 1009/67/EEC provides for the possibility of a subsidy on imports of sugar if the c.i.f. price is higher than the threshold price ; whereas, if in such a situation it is found that supplies to the Community or to a high-consumption region thereof can no longer be maintained from Community resources, a decision must be taken on the application of the abovementioned subsidy;