31992R1621

25 . 6 . 92 Official Journal of the European Communities No L 170/29

COMMISSION REGULATION (EEC) No 1621 /92 of 24 June 1992 fixing the export refunds on olive oil

THE COMMISSION OF THE EUROPEAN COMMUNITIES, Whereas, in accordance with Article 5 of Regulation (EEC) No 1650/86, it may be decided that the refund Having regard to the Treaty establishing the European shall be fixed by tender ; Economic Community, Whereas the tendering procedure should cover the Having regard to Council Regulation No 136/66/EEC of amount of the refund and may be limited to certain coun­ 22 September 1966 on the establishment of a common tries of destination, quantities, qualities and presenta­ organization of the market in oils and fats ('), as last tions ; amended by Regulation (EEC) No 1720/91 (2), Whereas the second indent of Article 2 of Regulation Having regard to Council Regulation (EEC) No 1650/86 (EEC) No 1650/86 provides that the refund on olive oil of 26 May 1986 on export refunds and levies on olive may be varied according to destination where the world oil (3), and in particular the first sentence of Article 3(1 ) market situation or the specific requirements of certain thereof, markets make this necessary ;

Having regard to the opinion of the Monetary Committee, Whereas Article 3 (1 ) of Regulation (EEC) No 1650/86 provides that the refund must be fixed at least once every Whereas Article 20 of Regulation No 136/66/EEC month ; whereas it may, if necessary, be altered in the provides that, where prices within the Community are intervening period ; higher than world market prices, the difference between these prices may be covered by a refund when olive oil is exported to third countries ; Whereas it follows from applying these detailed rules to the present situation on the market in olive oil and in Whereas the detailed rules for fixing and granting export particular to olive oil prices within the Community and on the markets of third countries that the refund should refunds on olive oil are contained in Regulation (EEC) No be as set out in the Annex hereto ; 1650/86 and Commission Regulation (EEC) No 616/72 (4), as last amended by Regulation (EEC) No 2962/77 0 ; Whereas, if the refund system is to operate normally, refunds should be calculated on the following basis : Whereas the first indent of Article 2 of Regulation (EEC) No 1650/86 provides that the refund must be the same — in the case of currencies which are maintained in rela­ for the whole Community ; tion to each other at any given moment within a band of 2,25 %, a rate of exchange based on their central Whereas, in accordance with Article 4 of Regulation rate, multiplied by the corrective factor provided for in (EEC) No 1650/86, the refund for olive oil must be fixed the last paragraph of Article 3 ( 1 ) of Council Regula­ in the light of the existing situation and outlook in rela­ tion (EEC) No 1676/85 (6), as last amended by Regula­ tion to olive oil prices and availability on the Community tion (EEC) No 2205/90 0, market and olive oil prices on the world market ; — for the other currencies, an exchange rate based on an average of the ecu rates published in the Official Whereas, however, where the world market situation is Journal of the European Communities, C series, over such that the most favourable olive oil prices cannot be a period to be determined, multiplied by the coeffi­ determined, account may be taken of the price of the cient referred to in the preceding indent ; main competing vegetable oils on the world market and the difference recorded between that price and the price Whereas by its Regulation (EEC) No 1432/92 (8) the of olive oil during a representative period ; Council prohibited trade between the Community and the Republics of Serbia and of Montenegro ; that it is Whereas the amount of the refund may not exceed the important to take account of it at the time of the fixing of difference between the price of olive oil in the Commu­ the refunds ; nity and that on the world market, adjusted, where appro­ priate, to take account of export costs for the products on the world market : Whereas the measures provided for in this Regulation are in accordance with the opinion of the Management Committee for Oils and Fats, (') OJ No 172, 30. 9. 1966, p. 3025/66. O OJ No L 162, 26. 6. 1991 , p. 27. (3) OJ No L 145, 30 . 5. 1986, p. 8 . (6) OJ No L 164, 24. 6. 1985, p. 1 . 0 OJ No L 78, 31 . 3. 1972, p. 1 . O OJ No L 201 , 31 . 7. 1990, p. 9 . 0 OJ No L 348 , 30 . 12. 1977, p. 53. (") OJ No L 151 , 3. 6. 1992, p. 4.

No L 170/30 Official Journal of the European Communities 25. 6. 92

HAS ADOPTED THIS REGULATION : 2. Export refunds towards the Republics of Montenegro and Serbia are not fixed. Article 1

1 . The export refunds on the products listed in Article Article 2 1 (2) (c) of Regulation No 136/66/EEC shall be as set out in the Annex hereto . This Regulation shall enter into force on 1 July 1992.

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

Done at Brussels, 24 June 1992.

For the Commission Ray MAC SHARRY Member of the Commission

ANNEX

to the Commission Regulation of 24 June 1992 fixing the export refunds on olive oil

(ECU/100 kg) Product code Amount of refund (')

1509 10 90 100 38,50 1509 10 90 900 64,00 1509 90 00 100 48,50 1509 90 00 900 79,00 1510 00 90 100 10,50 1510 00 90 900 42,00

(') For destinations mentioned in Article 34 of amended Commission Regulation (EEC) No 3665/87 as well as for exports to third countries.

NB : The product codes and the footnotes are defined in amended Commission Regulation (EEC) No 3846/87.