31988R0270

No L 26/56 Official Journal of the European Communities 30 . 1 . 88

COMMISSION REGULATION (EEC) No 270/88 of 28 January 1988 fixing the corrective amount applicable to the refund on rice and broken rice

THE COMMISSION OF THE EUROPEAN COMMUNITIES, basis of offers for shipment during the month of exporta­ tion ;

Having regard to the Treaty establishing the European Whereas, following the introduction of the combined Economic Community, nomenclature by Council Regulaetion (EEC) No 2658/87 (*), the nomenclature applicable from 1 January Having regard to the Act of Accession of Spain and 1988 to export refunds on agricultural products was esta­ Portugal, blished by Regulation (EEC) No 3846/87 (^ ;

Whereas, if the refund system is to operate normally, Having regard to Council Regulation (EEC) No 1418/76 refunds should be calculated on the following basis : of 21 June 1976 on the common organization of the market in rice ('), as last amended by Regulation (EEC) — in the case of currencies which are maintained in rela­ No 3990/87 (2), and in particular the second subparagraph tion to each other at any given moment within a band of Article 17 (4) thereof, of 2,25 % , a rate of exchange based on their central rate, multiplied by the corrective factor provided for in Having regard to the opinion of the Monetary Committee, the last paragraph of Article 3 (1 ) of Council Regula­ tion (EEC) No 1676/85 (8), as last amended by Regula­ tion (EEC) No 1636/87 (9), Whereas the first subparagraph of Article 17 (4) of Regu­ — for other currencies, an exchange rate based on the lation (EEC) No 1418/76 provides that the export refund arithmetic mean of the spot market rates of each of applicable to rice and broken rice on the day on which these currencies recorded for a given period in rela­ application for an export licence is made, adjusted for the tion to the Community currencies referred to in the threshold price which will be in force during the month previous indent, and the aforesaid coefficient ; of exportation, must be applied on request to exports to be effected during the period of validity of the licence ; Whereas it follows from applying the provisions set out above that the corrective amount must be as set out in the Whereas Regulation No 474/67/EEC (3), as amended by Annex hereto ; Regulation (EEC) No 1397/68 (4), lays down detailed rules for the advance fixing of the export refund on rice and Whereas the measures provided for in this Regulation are broken rice ; in accordance with the opinion of the Management Committee for Cereals, Whereas that Regulation provides that the refund appli­ 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 HAS ADOPTED THIS REGULATION : between the cif forward delivery price and the cif price, 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 Article 1 difference between the cif price and the cif forward deli­ very price, where the former exceeds the latter by more The corrective amount referred to in Article 17 (4) of than 0,30 ECU per tonne ; Regulation (EEC) No 1418/76 which is applicable to the export refunds fixed in advance in respect of rice and 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 the cif forward delivery price is that determined in accor­ dance with Article 3 (2) of Council Regulation (EEC) No Article 2 1428/76 (*), based in respect of each month for which the export licence is valid, on the cif price calculated on the This Regulation shall enter into force on 1 February 1988 .

(') OJ No L 166, 25. 6. 1976, p. 1 . I1) OJ No L 377, 31 . 12. 1987. («) OJ No L 256, 7. 9 . 1987, p. 1 . (3) OJ No 204, 24. 8 . 1967, p. 20 . O OJ No L 366, 24. 12. 1987, p. 1 . (4) OJ No L 222, 10 . 9. 1968 , p. 6. (8) OJ No L 164, 24. 6. 1985, p. 1 . Is) OJ No L 166, 25. 6. 1976, p. 30. 0 OJ No L 153, 13 . 6. 1987, p. 1 .

No L 26/57 30 . 1 . 88 Official Journal of the European Communities

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

Done at Brussels, 28 January 1988 . For the Commission Frans ANDRIESSEN Vice-President

ANNEX

to the Commission Regulation of 28 January 1988 fixing the corrective amount applicable to the refund on rice and broken rice

(ECU/tonne) Current 1st period 2nd period 3rd period Product code 3 4 5 2

1006 20 10 000 0 0 0 0 1006 20 90 000 1006 30 11 000 1006 30 19 000 1006 30 91 000 0 0 0 0 1006 30 99 100 0 0 0 0 1006 30 99 900 1006 40 00 000