Commission Regulation (EC) No 1762/2003 of 7 October 2003 fixing the production levies in the sugar sector for the 2002/03 marketing year

Commission Regulation (EC) No 1762/2003
of 7 October 2003
fixing the production levies in the sugar sector for the 2002/03 marketing year
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 the first indent of Article 15(8) thereof,
Whereas:
(1) Article 8 of Commission Regulation (EC) No 314/2002 of 20 February 2002 laying down detailed rules for the application of the quota system in the sugar sector(3), as amended by Regulation (EC) No 1140/2003(4), provides that the basic production levy and the B levy together with, if required, the coefficient referred to in Article 16(2) of Regulation (EC) No 1260/2001 for sugar, isoglucose and inulin syrup shall be fixed for each marketing year before 15 October in respect of the previous marketing year.
(2) For the 2002/03 marketing year, the estimate of the overall loss recorded in accordance with Article 15(1) and (2) of Regulation (EC) No 1260/2001 requires, in accordance with paragraphs 3 and 4 of that Article, the adoption of 2 % for the basic levy and 19,962 for the B levy.
(3) The overall loss recorded on the basis of known data and in accordance with Article 15(1) of Regulation (EC) No 1260/2001 is covered in its entirety by the receipts from the basic production levy and the B levy. So there is no need to fix the coefficient referred to in Article 16(2) of that Regulation for the 2002/03 marketing year.
(4) The Management Committee for Sugar has not delivered an opinion within the time limit set by its chairman,