EUR-Lex - 31967R0474 - EN

Article 1

Where the export refund on rice and broken rice referred to in the first subparagraph of Article 17 (4) of Regulation Nº 359/67/EEC is fixed in advance, the refund shall be that which is applicable to an export on the day on which the licence is applied for: - reduced by the difference between the cif forward delivery price and the cif price where the former exceeds the latter by more than 0.025 unit of account per 100 kilogrammes;

• increased by the difference between the cif price and the cif forward delivery price where the former exceeds the latter by more than 0.025 unit of account per 100 kilogrammes.

In the intervals between weekly fixings, the amount of the refund applicable in the case of advance fixing shall be adjusted when application of the above method of calculation would lead to its amount being altered by more than 0.025 unit of account per 100 kilogrammes.

The cif price for this purpose shall be that calculated in accordance with Article 16 of Regulation Nº 359/67/EEC.

The cif forward delivery price shall be that calculated in accordance with Article 3 (2) of Regulation Nº 365/67/EEC (2) based, however, in respect of each (1) OJ Nº 174, 31.7.1967, p. 1. (2) OJ Nº 174, 31.7.1967, p. 32. month for which the export licence is valid, on the cif price calculated on the basis of offers for shipment during the month in which export will be effected.

Article 2

This Regulation shall enter into force on 1 September 1967.

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

Done at Brussels, 21 August 1967.

For the Commission

The President

Jean REY