31977R0888

29 . 4 . 77 Official Journal of the European Communities No L 107/ 15

COMMISSION REGULATION ( EEC) No 888 /77 of 28 April 1977 fixing the corrective amount applicable to the refund on rice and broken rice

THE COMMISSION OF THE EUROPEAN 1418 /76 ; whereas the cif forward delivery price is that COMMUNITIES , determined in accordance with Article 3 (2) of Regula­ tion 1 428 / 76 (4 ), based , in respect of each month for which the export licence is valid, on the cif price Having regard to the Treaty establishing the European calculated on the basis of offers for shipment during Economic Community, the month of exportation ;

Whereas, if the refund system is to operate normally, Having regard to Council Regulation ( EEC) No refunds should be calculated on the following basis : 1418 / 76 of 21 June 1976 on the common organiza­ tion of the market in rice ('), and in particular the — in the case of currencies which are maintained in second subparagraph of Article 1 7 (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 3 Whereas the first subparagraph of Article 17 (4) of relation to the Community currencies referred to Regulation ( EEC) No 1418 /76 provides that the in the previous subparagraph ; export refund applicable to rice and broken rice on the day on which application for an export licence is Whereas it follows from applying all these provisions made , adjusted for the threshold price which will be that the corrective amount applicable on 1 May 1977 in force during the month of exportation , must be must be fixed as shown in the table annexed to this applied on request to exports to be effected during the Regulation ; period of validity of the licence ;

Whereas the measures provided for in this Regulation Whereas Regulation No 474/67/ EEC (2 ), as amended are in accordance with the opinion of the Manage­ ment Committee for Cereals, by Regulation ( EEC) No 1 397/_68 (3 ), lays down detailed rules for the advance fixing of the export refund on rice and broken rice ;

HAS ADOPTED THIS REGULATION : Whereas that Regulation provides that the refund 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 Article 1 difference between the cif forward delivery price and the cif price, where the former exceeds the latter by more than 0 25 unit of account per tonne ; whereas, The corrective amount referred to in Article 17 (4) of on the other hand , the refund must be increased by Regulation ( EEC) No 1418 /76 which is applicable to an amount no greater than the difference between the the export refunds fixed in advance in respect of rice cif price and the cif forward delivery price, where the and broken rice is hereby fixed as shown in the table former exceeds the latter by more than 0 25 unit of annexed to this Regulation . account per tonne ;

Whereas the cif price is that determined in accor­ Article 2 dance with Article 16 of Regulation ( EEC) No This Regulation shall enter into force on 1 May 1977 . (') OJ No L 166, 25 . 6 . 1976, p . 1 . ( 2 ) OJ No 204, 24 . 8 . 1967, p . 20 . ( 3 ) OJ No L 222, 10 . 9 . 1968 , p . 6 . (4 ) OJ No L 166 , 25 . 6 . 1976, p. 30 .

No L 107 / 16 Official Journal of the European Communities 29 . 4 . 77

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

Done at Brussels, 28 April 1977 . For the Commission Finn GUNDELACH Vice-President

ANNEX

to the Commission Regulation of 28 April 1977 fixing the corrective amount applicable to the refund on rice and broken rice

(u.a . / tonne) CCT Current 4th period 1st period 2nd period ,? rd period 5th period heading Description oí goods No 5 h 7 H 9 10

10.06 Rice : A. Paddy rice ; hrusked rice : I. Paddy rice : a) Round grain b) Long grain II . Husked rice : a) Round grain 0 0 0 0 0 0 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 0 0 0 0 0 0