EUR-Lex - 31968R0770 - EN

Article 1

1. The import levy on products listed in Article 1 (1) (a) and (c) of Regulation No 1009/67/EEC shall be fixed in advance - for sugar, if importation is necessary to ensure global supplies for the Community;

• for molasses, if importation is necessary to ensure supplies to specified areas of the Community.

1. The period of validity of the import licence referred to in Article 15 (2) of Regulation No 1009/67/EEC may be limited to the period during which imports are necessary to ensure the supplies referred to in paragraph 1.

1. A decision shall be taken to terminate advance fixing of the levy when the quantities available, combined with import for which licences have been issued, are sufficient to ensure that supplies of sugar or molasses cover foreseeable consumption in the Community.

Article 2

1. A premium shall be added to the levy in the case of the products referred to in Article 1 for which the period of validity of the licence makes forward purchases possible.

1. The amount of the premium shall be calculated on the basis of the difference between the forward delivery price and the c.i.f. price determined in accordance with Article 13 of Regulation No 1009/67/EEC.

Article 3

This Regulation shall enter into force on 1 July 1968.

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

Done at Luxembourg, 18 June 1968.

For the Council

The President

E. FAURE 1OJ No 308, 18.12.1967, p. 1.