+++++

( 1 ) OJ NO L 106 , 12 . 5 . 1971 , P . 1 .

( 2 ) OJ NO L 67 , 15 . 3 . 1976 , P . 1 .

( 3 ) OJ NO L 139 , 30 . 5 . 1975 , P . 37 .

( 4 ) OJ NO L 167 , 26 . 6 . 1976 , P . 28 .

( 5 ) OJ NO L 256 , 2 . 10 . 1975 , P . 2 .

( 6 ) OJ NO L 135 , 24 . 5 . 1976 , P . 41 .

COMMISSION REGULATION ( EEC ) NO 1577/76 OF 30 JUNE 1976 AMENDING REGULATION ( EEC ) NO 1380/75 LAYING DOWN DETAILED RULES FOR THE APPLICATION OF MONETARY COMPENSATORY AMOUNTS

THE COMMISSION OF THE EUROPEAN COMMUNITIES ,

HAVING REGARD TO THE TREATY ESTABLISHING THE EUROPEAN ECONOMIC COMMUNITY ,

HAVING REGARD TO COUNCIL REGULATION ( EEC ) NO 974/71 OF 12 MAY 1971 ON CERTAIN MEASURES OF CONJUNCTURAL POLICY TO BE TAKEN IN AGRICULTURE FOLLOWING THE TEMPORARY WIDENING OF THE MARGINS OF FLUCTUATION FOR THE CURRENCIES OF CERTAIN MEMBER STATES ( 1 ) , AS LAST AMENDED BY REGULATION ( EEC ) NO 557/76 ( 2 ) , AND IN PARTICULAR ARTICLE 6 THEREOF ,

WHEREAS ARTICLE 17 ( 3 ) OF COMMISSION REGULATION ( EEC ) NO 1380/75 OF 29 MAY 1975 LAYING DOWN DETAILED RULES FOR THE APPLICATION OF MONETARY COMPENSATORY AMOUNTS ( 3 ) , AS LAST AMENDED BY REGULATION ( EEC ) NO 1498/76 ( 4 ) , ESTABLISHED A SPECIAL SYSTEM FOR WINE IN TRADE WITH THIRD COUNTRIES WHICH OBSERVE THE REFERENCE PRICES ;

WHEREAS ON 1 JULY 1976 A NEW SYSTEM OF TRADE WITH THIRD COUNTRIES WILL COME INTO EFFECT IN THE WINE SECTOR IN ACCORDANCE WITH COUNCIL REGULATION ( EEC ) NO 2506/75 OF 29 SEPTEMBER 1975 LAYING DOWN SPECIAL RULES FOR THE IMPORTATION OF PRODUCTS IN THE WINE-GROWING SECTOR ORIGINATING IN CERTAIN THIRD COUNTRIES ( 5 ) , AS AMENDED BY REGULATION ( EEC ) NO 1166/76 ( 6 ) ; WHEREAS THE MAIN FEATURE OF THIS SYSTEM IS THAT HENCEFORWARD THE CUSTOMS AUTHORITIES WILL BE RESPONSIBLE FOR ENSURING THAT THE FREE-AT-FRONTIER REFERENCE PRICE IS OBSERVED ; WHEREAS REGULATION ( EEC ) NO 1380/75 SHOULD BE AMENDED ACCORDINGLY ;

WHEREAS THE MEASURES PROVIDED FOR IN THIS REGULATION ARE IN ACCORDANCE WITH THE OPINION OF THE MANAGEMENT COMMITTEE FOR WINE ,

HAS ADOPTED THIS REGULATION :

ARTICLE 1

ARTICLE 17 ( 3 ) OF REGULATION ( EEC ) NO 1380/75 IS HEREBY AMENDED TO READ AS FOLLOWS :

" 3 . IN THE WINE SECTOR THE FREE-AT-FRONTIER REFERENCE PRICES SHALL BE CONSIDERED TO HAVE BEEN OBSERVED AT THE TIME OF IMPORT FROM THIRD COUNTRIES IF , FOR THE PRODUCT CONCERNED THE OFFER PRICE :

( A ) IN THE CASE OF APPRECIATION OF THE CURRENCY OF THE IMPORTING MEMBER STATE , INCREASED OR

( B ) IN THE CASE OF DEPRECIATION OF THAT CURRENCY , REDUCED

BY THE AMOUNT REFERRED TO IN THE FOLLOWING SUBPARAGRAPH IS NOT LESS THAN THE FREE-AT-FRONTIER REFERENCE PRICE .

THE AMOUNT REFERRED TO IN THE PRECEDING SUBPARAGRAPH IS THE MONETARY COMPENSATORY AMOUNT APPLICABLE IN INTRA-COMMUNITY TRADE . "

ARTICLE 2

THIS REGULATION SHALL ENTER INTO FORCE ON 1 JULY 1976 .

THIS REGULATION SHALL BE BINDING IN ITS ENTIRETY AND DIRECTLY APPLICABLE IN ALL MEMBER STATES .

DONE AT BRUSSELS , 30 JUNE 1976 .

FOR THE COMMISSION

P . J . LARDINOIS

MEMBER OF THE COMMISSION