31977R2316

No L 269 / 38 Official Journal of the European Communities 21 . 10 . 77

COMMISSION REGULATION (EEC) No 2316/77 of 20 October 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 (EEC) No 1428/76 (5), based, in respect of each month for which the export licence is valid, on the cif Having regard to the Treaty establishing the European price calculated on the basis of offers for shipment Economic Community, during 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 (! ), as amended by Regula­ — in the case of currencies which are maintained in tion (EEC) No 1 1 58/77 (2), and in particular the second 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 relation to the Community currencies referred to Whereas the first subparagraph of Article 17 (4) of 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 21 October in force during the month of exportation, must be 1977 must be fixed as shown in the table annexed to applied on request to exports to be effected during the this Regulation ; period of validity of the licence ;

Whereas the measures provided for in this Regulation are in accordance with the opinion of the Manage­ Whereas Regulation No 474/67/EEC (3), as amended ment Committee for Cereals, by Regulation (EEC) No 1397/68 (4), 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 ;

Article 2 Whereas the cif price is that determined in accor­ dance with Article 16 of Regulation (EEC) No This Regulation shall enter into force on 21 October (•) OJ No L 166, 25. 6. 1976, p. 1 . 1977 . (2) OJ No L 136, 2. 6. 1977, p. 13. (3) OJ No 204, 24. 8 . 1967, p . 20 . (4) OJ No L 222, 10 . 9 . 1968 , p. 6. (5) OJ No L 166, 25 . 6. 1976, p. 30.

21 . 10 . 77 No L 269/39 Official Journal of the European Communities

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

Done at Brussels, 20 October 1977.

For the Commission Finn GUNDELACH Vice-President

ANNEX

to the Commission Regulation of 20 October 1977 fixing the corrective amount applicable to the refund on rice and broken rice

(u.a. / tonne)

ccr Current 1st period 2nd period 3rd period 4th period 5th period heading Description of goods No 10 11 12 1 2 3

10.06 Rice : A. Paddy rice ; husked 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