31988R2363

No L 205/ 12 Official Journal of the European Communities 30 . 7. 88

COMMISSION REGULATION (EEC) No 2363/88 of 29 July 1988 fixing the corrective amount applicable to the refund on rice and broken rice

THE COMMISSION OF THE EUROPEAN COMMUNITIES, dance with Article 3 (2) of Council Regulation (EEC) No 1428/76 (*), based in respect of each month for which the export licence is valid, on the cif price calculated on the Having regard to the Treaty establishing the European basis of offers for shipment during the month of exporta­ Economic Community, * tion ;

Whereas, if the refund system is to operate normally, Having regard to the Act of Accession of Spain and refunds should be calculated on the following basis : Portugal, — in the case of currencies which are maintained in rela­ tion to each other at any given moment within a band Having regard to Council Regulation (EEC) No 1418/76 of 2,25 % , a rate of exchange based on their central of 21 June 1976 on the common organization of the rate, multiplied by the corrective factor provided for in market in rice ('), as last amended by Regulation (EEC) the last paragraph of Article 3 ( 1 ) of Council Regula­ No 3990/87 (2), and in particular the second subparagraph tion (EEC) No 1676/85 (*), as last amended by Regula­ of Article 17 (4) thereof, tion (EEC) No 1636/87 Q, — for other currencies, an exchange rate based on the Having regard to the opinion of the Monetary Committee, 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 previous indent, and the aforesaid coefficient ; Whereas the first subparagraph of Article 17 (4) of Regu­ lation (EEC) No 1418/76 provides that the export refund applicable to rice and broken rice on the day on which Whereas it follows from applying the provisions set out application for an export licence is made, adjusted for the above that the corrective amount must be as set out in the threshold price which will be in force during the month Annex hereto ; of exportation, must be applied on request to exports to 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 Committee for Cereals, Whereas Regulation No 474/67/EEC (3), as amended 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 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 Article 1 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 The corrective amount referred to in Article 17 (4) of must be increased by an amount no greater than the Regulation (EEC) No 1418/76 which is applicable to the difference between the cif price and the cif forward deli­ export refunds fixed in advance in respect of rice and very price, where the former exceeds the latter by more broken rice shall be as set out in the Annex hereto. than 0,30 ECU per tonne ;

Whereas the cif price is that determined in accordance Article 2 with Article 16 of Regulation (EEC) No 1418/76 ; whereas the cif forward delivery price is that determined in accor­ This Regulation shall enter into force on 1 August 1988 .

(■) OJ No L 166, 25. 6. 1976, p. 1 . (2) OJ No L 377, 31 . 12. 1987, p. 15. O OJ No L 166, 25. 6. 1976, p. 30 . (3) OJ No 204, 24. 8 . 1967, p. 20/6. (6) OJ No L 164, 24. 6. 1985, p. 1 . (4) OJ No L 222, 10 . 9. 1968 , p. 6. O OJ No L 153, 13. 6. 1987, p. 1 .

50 . 7. 88 Official Journal of the European Communities No L 205/ 13

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

Done at Brussels, 29 July 1988 . For the Commission Frans ANDRIESSEN Vice-President

ANNEX

to the Commission Regulation of 29 July 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 8 9 10 11

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

N.B, : The product codes and the footnotes are defined in Regulation (EEC) No 3846/87 as amended.