31976R1246

27 . 5 . 76 Official Journal of the European Communities No L 139/39

COMMISSION REGULATION ( EEC) No 1246/76 of 26 May 1976 fixing the corrective amount applicable to the refund on rice and broken rice

THE COMMISSION OF THE EUROPEAN whereas the cif forward delivery price is that deter­ COMMUNITIES , mined in accordance with Article 3 (2) of Regulation No 365/67/ EEC (5), as last amended by Regulation (EEC) No 2435/70 (6), based, in respect of each month Having regard to the Treaty establishing the European for which the export licence is valid, on the cif price Economic Community, calculated on the basis of offers for shipment during the month of exportation ;

Having regard to Council Regulation No 359/ Whereas if the refund system is to operate normally, 67/ EEC of 25 July 1967 on the common organiza­ refunds should be calculated on the following basis : tion of the market in rice (! ), as last amended by Regu­ lation (EEC) No 668 /75 (2), and in particular the first — in the case of currencies which are maintained in subparagraph of Article 17 (4) thereof, relation to each other, at any given moment, within a band of 2-25 % , a rate of exchange based on their effective parity ; Having regard to the opinion of the Monetary Committee, — for other currencies an exchange rate based on the arithmetic mean of the spot market rates of each of these currencies recorded for a given period, in Whereas the first subparagraph of Article 17 (4) of relation to the Community currencies referred to Regulation No 359/67/EEC provides that the export in the previous subparagraph ; refund applicable to rice and broken rice on the day on which application for an export licence is made, adjusted for the threshold price which will be in force Whereas it follows from applying all these provisions during the month of exportation, must be applied on that the corrective amount applicable on 1 June 1976 request to exports to be effected during the period of must be fixed as shown in the table annexed to this validity of the licence ; Regulation ;

Whereas the measures provided for in this Regulation Whereas Regulation No 474/67/ EEC (3), as amended are in accordance with the opinion of the Manage­ by Regulation (EEC) No 1 397/68 (4), lays down ment Committee for Cereals, detailed rules for the advance fixing of the export refund on rice and broken rice ;

Whereas that Regulation provides that the refund HAS ADOPTED THIS REGULATION : applicable on the day on which application for an export licence is made must, when it is fixed in advance, be reduced by an amount no greater than the difference between the cif forward delivery price and Article 1 the cif price, where the former exceeds the latter by more than 0-25 unit of account per metric ton ; The corrective amount referred to in Article 17 (4) of whereas, on the other hand, the refund must be Regulation No 359/67/ EEC which is applicable to the increased by an amount no greater than the difference export refunds fixed in advance in respect of rice and between the cif price and the cif forward delivery broken rice is hereby fixed as shown in the table price, where the former exceeds the latter by more annexed to this Regulation . than 0-25 unit of account per metric ton ;

Whereas the cif price is that determined in accor­ Article 2 dance with Article 16 of Regulation No 359/67/EEC ; This Regulation shall enter into force on 1 June 1976. (') OJ No 174, 31 . 7. 1967, p . 1 . (2) OJ No L 72, 20 . 3 . 1975, p. 18. (}) OJ No 204, 24. 8 . 1967 , p. 20 . (5) OJ No 174, 31 . 7 . 1967, p. 32. 4 OJ No L 222, 10 . 9 . 1968 , p . 6 . (6) OJ No L 262, 3 . 12. 1970, p. 1 .

No L 139 /40 Official Journal of the European Communities 27 . 5 . 76

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

Done at Brussels, 26 May 1976 . For the Commission P.J. LARDINOIS Member of the Commission

ANNEX

to the Commission Regulation of 26 May 1976 fixing the corrective amount applicable to the refund on rice and broken rice

(u.a. / metric ton)

CCT Current 1st period 2nd period 3rd period 4th period 5th period heading Description of goods No 6 7 8 9 10 11

10.06 Rice : A. Paddy rice ; husked rice : I. Paddy nee : — — — — — — a) Round grain — — — — — — b) Long grain II . Husked rice : — — — — — — a) Round grain b) Long grain 0 0 0 0 0 0 B. Semi-milled or wholly milled rice : I. Semi-milled rice : — — — — — — a) Round grain — — — — — — b) Long grain II . Wholly milled rice : a) Round grain 0 0 0 0 0 0 b) Long grain 0 0 0 0 0 0 C. Broken rice — — — — — —