31975R1676

No L 168 / 64 1 . 7 . 75 Official Journal of the European Communities

REGULATION (EEC) No 1676/75 OF THE COMMISSION

of 30 June 1975

fixing the import levy on molasses

THE COMMISSION OF THE EUROPEAN on prices recorded on important third-country COMMUNITIES , markets and on sales concluded in international trade of which it has knowledge, either directly or through Having regard to the Treaty establishing the European the agency of the Member States ; whereas, under the Economic Community ; terms of Article 7 of Regulation (EEC) No 785/68 , the Commission may for this purpose take an average of Having regard to Council Regulation (EEC) No several prices as a basis, provided this average can be 3330/74 (') of 19 December 1974 on the common regarded as being representative of actual market organization of the market in sugar, and in particular trends ; Article 15 (7) thereof ;

Whereas the Commission must disregard information Having regard to the Opinion of the Monetary if the goods concerned are not of sound and fair Committee ; marketable quality or if the price quoted in an offer relates to a small quantity and is not representative of Whereas Article 15 ( 1 ) of Regulation (EEC) No the market ; whereas offer prices which can be 3330/74 provides for charging a levy on imports of regarded as not representative of actual market trends the products listed in Article 1 ( 1 ) of that Regulation ; must also be disregarded ;

Whereas the import levy on molasses must be equal Whereas, of the offer prices taken into consideration, to the threshold price less the cif price ; whereas the those which are not for delivery cif Rotterdam must threshold price for molasses was fixed by Council be adjusted, account being taken in particular of the Regulation (EEC) 'No 660/75 (2) of 4 March 1975 differences in the cost of transporting the goods fixing for the 1975/76 sugar marketing year the between the port of loading and the port of destina­ derived intervention prices, the intervention prices for tion and between the port of loading and Rotterdam ; raw beet sugar, the minimum prices for beet, the \ threshold prices and the maximum amount of the Whereas, if information on molasses of the standard production levy ; quality is to be comparable, prices must, depending Whereas the cif price for molasses is calculated by the on the quality of the molasses offered, be increased or Commission for a Community frontier crossing point reduced in the light of the results obtained by which was fixed at Rotterdam by Council Regulation applying Article 6 of Regulation (EEC) No 785/68 ; (EEC) No 431 /68 (3) of 9 April 1968 determining the standard quality for raw sugar and fixing the Commu­ Whereas the cif price may, by way of exception, be nity frontier crossing point for calculating cif prices left unchanged for a limited period if the offer price for sugar ; which served as a basis for the previous calculation of the cif price is not available to the Commission and if Whereas this price must be based on the most , favour­ the offer prices which are available and which appear able purchasing opportunities on the world market not to be sufficiently representative of actual market established for each product on the basis of quotations trends would entail sudden and considerable changes or prices on that market adjusted for any deviation in the cif price ; from the standard quality for which the threshold price is fixed ; whereas the standard quality for Whereas the levy must be fixed each week ; whereas molasses was defined by Commission Regulation pursuant to Article 5 of Commission Regulation (EEC) No 785/68 (4) of 26 June 1968 determining the (EEC) No 837/68 (5) of 28 June 1968 on detailed rules standard quality and laying down detailed rules for for the application of levies on sugar, as last amended calculating the cif price for molasses ; by Regulation (EEC) No 1491 /70 (6), the levy is altered only if the variation in the elements used to calculate Whereas, when the most favourable purchasing oppor­ it would entail an increase or a reduction of not less tunities on the world market are being established, the than 0-05 unit of account per 100 kilogrammes in rela­ Commission must take account of all available infor­ tion to the levy previously fixed ; mation on offers on the world market, on quotations on the exchanges which are important for world trade, Whereas, in accordance with Article 21 ( 1 ) of Regula­ tion (EEC) No 3330/74, the nomenclature provided (') OJ No L 359, 31 . 12. 1974, p. 1 . U) OJ No L 72, 20. 3. 1975, p. 7. (}) OJ No L 89, 10 . 4. 1968 , p. 3 . (5) OJ No L 151 , 30 . 6 . 1968 , p. 42. (") OJ No L 145, 27 . 6 . 1968 , p. 12. (6) OJ No L 165, 28 . 7. 1970 , p. 8 .

1 . 7 . 75 Official Journal of the European Communities No L 168 /65

for in this Regulation is incorporated in the Common Whereas it follows from applying all these provisions Customs Tariff ; that the levy for molasses should be fixed as shown in the Annex to this Regulation, Whereas, if the levy system is to operate normally, levies should be calculated on the following basis :

— in the case of currencies which are maintained in HAS ADOPTED THIS REGULATION : relation to each other, at any given moment, within a band of 2-25 % , a rate of exchange based Article 1 on their effective parity ;

— for other currencies an exchange rate based on the The levy referred to in Article 15 ( 1 ) of Regulation arithmetic mean of the spot market rates of each (EEC) No 3330/74 is, in respect of molasses, hereby of these currencies recorded for a given period, in fixed as shown in the Annex to this Regulation . relation to the Community currencies referred to in the previous subparagraph ; Article 2 Whereas the Opinion of the Monetary Committee was requested ; This Regulation shall enter into force on 1 July 1975.

This Regulation shall be binding in its entirety and directly applicable in all Member States .

Done at Brussels, 30 June 1975.

For the Commission

P.J. LARDINOIS

Member of the Commission