Document ID: 32003R2037

Commission Regulation (EC) No 2037/2003
of 19 November 2003
applying a reduction coefficient to refund certificates for goods not covered by Annex I to the Treaty, as provided for by Article 8(5) of Regulation (EC) No 1520/2000
THE COMMISSION OF THE EUROPEAN COMMUNITIES,
Having regard to the Treaty establishing the European Community,
Having regard to Council Regulation (EC) No 3448/93 of 6 December 1993 laying down the trade arrangements applicable to certain goods resulting from the processing of agricultural products(1), as last amended by Regulation (EC) No 2580/2000(2),
Having regard to Commission Regulation (EC) No 1520/2000 of 13 July 2000 laying down common detailed rules for the application of the system of granting export refunds on certain agricultural products exported in the form of goods not covered by Annex I to the Treaty and the criteria for fixing the amount of such refunds(3), as last amended by Regulation (EC) No 740/2003(4), and in particular Article 8(5) thereof,
Whereas:
(1) Member States' notifications pursuant to Article 8(2) of Regulation (EC) No 1520/2000 indicate that the total amount of applications received reaches EUR 497785090 while the available amount for the tranche of refund certificates for use from 1 December 2003 as referred to in Article 8(4) of Regulation (EC) No 1520/2000 is EUR 74532833.
(2) A reduction coefficient shall be calculated on the basis of Article 8(3) and (4) of Regulation (EC) No 1520/2000. Such coefficient should therefore be applied to amounts requested in the form of refund certificates for use from 1 December 2003 as established in Article 8(6) of Regulation (EC) No 1520/2000,
HAS ADOPTED THIS REGULATION:
Article 1
The amounts for applications of refund certificates for use from 1 December 2003 are subject to a reduction coefficient of 0,851.
Article 2
This Regulation shall enter into force on 20 November 2003.
This Regulation shall be binding in its entirety and directly applicable in all Member States.
Done at Brussels, 19 November 2003.

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