31986R0556

No L 55/74 Official Journal of the European Communities 1 . 3 . 86

COMMISSION REGULATION (EEC) No 556/86 of 28 February 1986 fixing the corrective amount applicable to the refund on rice and broken rice

THE COMMISSION OF THE EUROPEAN COMMUNITIES, 1428/76 (*), based in respect of each month for which the export licence is valid, on the cif price calculated on the basis of offers for shipment during the month of exporta­ tion ; Having regard to the Treaty establishing the European Economic Community, Whereas, if the refund system is to operate normally, refunds should be calculated on the following basis : Having regard to Council Regulation (EEC) No 1418/76 — in the case of currencies which are maintained in rela­ of 21 June 1976 on the common organization of the market in rice ('), as last amended by Regulation (EEC) tion to each other at any given moment within a band No 3768/85 (2), and in particular the second subparagraph of 2,25 % , a rate of exchange based on their central of Article 17 (4) thereof, rate, multiplied by the corrective factor provided for in the last paragraph of Article 3 ( 1 ) of Regulation (EEC) No 1676/85 (*),

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 rela­ tion to the Community currencies referred to in the Whereas the first subparagraph of Article 17 (4) of Regu­ previous indent, and the aforesaid coefficient ; lation (EEC) No 1418/76 provides that the export refund applicable to rice and broken rice on the day on which application for an export licence is made, adjusted for the Whereas it follows from applying the provisions set out threshold price which will be in force during the month above that the corrective amount must be as set out in the of exportation, must be applied on request to exports to Annex hereto ; be effected during the period of validity of the licence ;

Whereas the measures provided for in this Regulation are in accordance with the opinion of the Management Whereas Regulation No 474/67/EEC (3), as amended by Committee for Cereals, Regulation (EEC) No 1397/68 (4), lays down detailed rules for the advance fixing of the export refund on rice and broken rice :

Whereas that Regulation provides that the refund appli­ HAS ADOPTED THIS REGULATION : cable 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 the cif price, Article 1 where the former exceeds the latter by more than 0,30 ECU per tonne ; whereas on the other hand, the refund must be increased by an amount no greater than the The corrective amount referred to in Article 17 (4) of difference between the cif price and the cif forward deli­ Regulation (EEC) No 1418/76 which is applicable to the very price, where the former exceeds the latter by more export refunds fixed in advance in respect of rice and than 0,30 ECU per tonne ; broken rice shall be as set out in the Annex hereto .

Whereas the cif price is that determined in accordance with Article 16 of Regulation (EEC) No 1418/76 ; whereas Article 2 the cif forward delivery price is that determined in accor­ dance with Article 3 (2) of Regulation (EEC) No This Regulation shall enter into force on 1 March 1986. (') OJ No L 166, 25. 6. 1976, p. 1 . (2) OJ No L 362, 31 . 12. 1985, p. 8 . (3) OJ No 204, 24. 8 . 1967, p. 20 . i5) OJ No L 166, 25. 6. 1976, p, 30 . (4) OJ No L 222, 10 . 9 . 1968 , p. 6 . «) OJ No L 164, 24. 6 . 1985, p . 1 .

1 . 3 . 86 Official Journal of the European Communities No L 55/75

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

Done at Brussels, 28 February 1986. For the Commission Frans ANDRIESSEN Vice-President

ANNEX

to the Commission Regulation of 28 February 1986 fixing the corrective amount applicable to the refund on rice and broken rice

(ECU/tonne) CCT Current 1st period 2nd period 3rd period heading Description No 3 4 5 6

ex 10.06 Rice : B. I. Paddy rice, husked rice : a) Paddy rice :

— — — — 1 . Round grain — — — — 2. Long grain b) Husked rice : I \

— — — — 1 . Round grain 2. Long grain 0 0 0 0 II. Semi-milled or wholly milled rice : a) Semi-milled rice : \ \

— — — — 1 . Round grain — — — — 2. Long grain b) Wholly milled rice : \IIl

— — — — 1 . Round grain 2. Long grain 0 0 0 0 I

III . Broken rice — — — —