EUR-Lex - 31968R1397 - EN

Article 1

The following shall be substituted for the first two subparagraphs of Article 1 of Regulation No 474/67/EEC:

"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 not more than the difference between the c.i.f. forward delivery price and the c.i.f. price when the former exceeds the latter by more than 0 7025 units of account per 100 kilogrammes;

• increased by not more than the difference between the c.i.f. price and the c.i.f. forward delivery price when the former exceeds the latter by more than 0 7025 units 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 only when application of the above-mentioned provision would lead to its amount being altered by more than 0 7025 units of account per 100 kilogrammes."

Article 2

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

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

Done at Brussels, 6 September 1968.

For the Commission

The Vice-President

F. HELLWIG 1OJ No 174, 31.7.1967, p. 1. 2OJ No 204, 24.8.1967, p. 20.