COMMISSION REGULATION (EC) No 1611/95 of 3 July 1995 fixing for the 1995/96 marketing year the  amount of the levy in connection with the offsetting of storage costs for sugar
THE  COMMISSION OF THE EUROPEAN COMMUNITIES
,
Having regard to the Treaty establishing the European Community,
Having regard to Council Regulation (EEC) No 1785/81 of 30 June 1981 on the common organization of  the markets in the sugar sector  (1), as last amended by Regulation (EC) No 1101/95  (2), and in  particular Article 8 (5) thereof,
Whereas Article 8 (1) of Regulation (EEC) No 1785/81 provides that the storage costs for sugar and  syrups shall be reimbursed at a flat rate by the Member States;
Whereas Article 6 of Council Regulation (EEC) No 1358/77  (3), as last amended by Regulation (EEC)  No 3042/78  (4), provides that the amount of the levy for Community sugar shall be calculated by  dividing the total estimated reimbursement by the estimated quantity of sugar which will be  marketed during the sugar marketing year in question; whereas the total estimated reimbursement is  to be increased or decreased, as the case may be, by the amounts carried forward from previous  marketing years;
Whereas Article 8 (4) of Regulation (EEC) No 1785/81 provides that the monthly reimbursement amount  shall be fixed by the Council simultaneously with the derived intervention prices; whereas that  amount of reimbursement envisaged for 1995/96 should be used for the purpose of calculating the  amounts of the levy;
Whereas, pursuant to Article 4 of Regulation (EEC) No 1358/77, the quantity in store to be taken  into account for the reimbursement of any one month's storage costs is equal to the arithmetic mean  of the quantities held in store in the beginning and at the end of the month in question; whereas,  for the 1995/96 marketing year, the quantities of Community sugar in store each month may be  estimated by reference to estimated stocks at the beginning of the marketing year, estimated  monthly production and the quantities likely to be marketed for domestic consumption or exported  during the same month; whereas total average monthly stocks during the 1995/96 marketing year can  be estimated at approximately 103 million tonnes of sugar expressed as white sugar; whereas the  total reimbursement for Community sugar can thus be estimated at approximately ECU 462 million for  the 1995/96 marketing year; whereas the balance of previous sugar marketing years can be estimated  at a negative amount of ECU 45 million; whereas the detailed rules for the application of the  system of offsetting storage costs for sugar provide that the levy is to be fixed per 100 kilograms  of white sugar; whereas the quantity of Community sugar which will be marketed during the 1995/96  marketing year for home consumption or for export may be estimated at approximately 14 million  tonnes of sugar expressed as white sugar; whereas the amount of the levy for Community sugar should  therefore be ECU 3,62 per 100 kilograms of white sugar;
Whereas the measures provided for in this Regulation are in accordance with the opinion of the  Management Committee for Sugar,
For the 1995/96 marketing year, the amount of the levy referred to  under the second subparagraph of Article 8 (2) of Regulation (EEC) No 1785/81 is hereby fixed at  ECU 3,62 per 100 kilograms of white sugar.
This Regulation shall enter into force on the day of its publication in the Official  Journal of the European Communities.
It shall apply from 1 July 1995.
This Regulation shall be binding in its entirety and directly applicable in all  Member States.