COMMISSION REGULATION (EEC) No 2116/80  of 30 July 1980  amending Regulation No 470/67/EEC as regards the corrective amounts applicable to the intervention price for rice
THE COMMISSION OF THE EUROPEAN COMMUNITIES
,
Having regard to the Treaty establishing the European Economic Community,
Having regard to Council Regulation (EEC) No 1418/76 of 21 June 1976 on the common organization of the market in rice (1), as last amended by Regulation (EEC) No 1871/80 (2), and in particular Article 5 (5) thereof,
Whereas, given the prospect of a common price system, the corrective amounts referred to in Article 3 (1) of Commission Regulation No 470/67/EEC of 21 August 1967 on the taking-over of paddy rice by intervention agencies and fixing the corrective amounts, price increases and reductions applied by them (3), as last amended by Regulation (EEC) No 1775/79 (4), were reduced by half during the 1979/80 marketing year ; whereas the second stage must be carried out this year by the abolition of the remaining corrective amounts ; whereas the provisions of the above Regulation must be adapted to take account of that development;
Whereas it is appropriate to make at the same time other amendments of a formal nature;
Whereas the measures provided for in this Regulation are in accordance with the opinion of the Management Committee for Cereals,
Regulation No 470/67/EEC is hereby amended as follows:    1. In the second indent of Article 2 (2) the expression "Annex III" is replaced by "Annex II".
2. Article 3 is replaced by the following:
"Article 3
1. Where the moisture content of the paddy rice offered to intervention exceeds the content laid down for the standard quality of paddy rice, the price reductions to be applied shall be as shown in Annex I.
2. Where the yield after processing of the paddy rice offered to intervention differs from the yield laid down for the standard quality of paddy rice, the price increases and reductions to be applied shall be as shown in Annex II.
3. Where the defects in the grains of the paddy rice offered to intervention exceed the tolerances allowed for the standard quality of paddy rice, the price reductions to be applied shall be as shown in Annex III.
4. The abovementioned price increases and reductions shall be calculated by applying the percentages shown in the Annexes to the intervention price prevailing at the beginning of the marketing year for the marketing centre chosen by the seller."
3. Article 4 (3) is replaced by the following:
"3. The price to be paid to the seller shall be the price fixed in accordance with Article 2 of Regulation (EEC) No 1424/76 (1), for goods delivered not unloaded to storage depot, valid for the month specified at the time when the offer was accepted as the month of delivery and with account taken of the increases and reductions provided for in Annexes I to III.
(1) OJ No L 166, 25.6.1976, p. 24."  4. Annexes I to IV are replaced by Annexes I to III of this Regulation.
This Regulation shall enter into force on the day following its publication in the Official Journal of the European Communities.
It shall apply with effect from 1 September 1980.  (1)OJ No L 166, 25.6.1976, p. 1. (2)OJ No L 184, 17.7.1980, p. 4. (3)OJ No 204, 24.8.1967, p. 8. (4)OJ No L 203, 11.8.1979, p. 13.
This Regulation shall be binding in its entirety and directly applicable in all Member States.