EUR-Lex - 31967R0143 - EN

Article 1

The compensatory amount referred to in the second subparagraph of Article 3 (6) of Regulation No 136/66/EEC may be fixed, subject to other conditions laid down in that subparagraph, in respect of imports of oils falling within heading No ex 15.07 of the Common Customs Tariff, with the exception of olive oil, if the prices of these oils on importation into the Community: (a) are lower than the prices which would be established for these products in the absence of subsidies or premiums for the production, manufacture, exportation or transport of oils granted directly or indirectly by the exporting country or the country of origin, irrespective of the grounds for, nature of or manner of granting these subsidies or premiums; (1) OJ No 172, 30.9.1966, p. 3025/66.

(b) are, as a result of - action by a country with a trading monopoly or near-monopoly in which all internal prices are fixed by the State ; or

• measures with an effect equivalent to a subsidy or a premium,

in a different ratio to the prices of the oil seeds or oleaginous fruit from which they have been obtained than the ratio which would exist in the absence of such action or such measures.

For the purpose of calculating this ratio, the value of oil-cake and processing costs shall be taken into account.

Article 2

Any ban on exports, any charge on exports, or any equivalent measure applied to products falling within heading No 12.01 of the Common Customs Tariff from which the exported oil is obtained shall be considered to be a measure having an effect equivalent to a subsidy or a premium.

Article 3

The compensatory amount may not exceed either the estimated amount of the subsidies or premiums or the incidence of the actions or measures referred to in Article 1 (b).

Article 4

Except where exception is made in respect of certain non-food uses the compensatory amount, where such an amount has been fixed, shall apply to any oil for which a price disparity has been found to exist and which is imported from or originates in the country responsible for this disparity.

Article 5

The compensatory amount shall be adjusted at regular intervals to take account of any changes in the situation.

Article 6

The compensatory amount shall be fixed in accordance with the procedure laid down in Article 38 of Regulation No 136/66/EEC. Where the interests of the Community require immediate action, however, the Commission may fix a compensatory amount, the period of validity of which shall be limited to fifteen days.

Article 7

Detailed rules for the application of this Regulation shall be adopted in accordance with the procedure laid down in Article 38 of Regulation No 136/66/EEC.

Article 8

This Regulation shall enter into force on the day following its publication in the Official Journal of the European Communities.

It shall apply from 1 July 1967.

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

Done at Brussels, 21 June 1967.

For the Council

The President

R. VAN ELSLANDE