Article 1
Article 4 of Regulation (EEC) No 616/72 is replaced by the following: "Article 4 1. The Commission shall fix an export levy for olive oil falling within subheading 15.07 A of the Common Customs Tariff where the difference between the cif price and the price recorded on the Community market is such as to encourage exportation on a scale likely to disturb the Community or the world market. For the purposes of determining the price on the Community market account shall be taken of quotations and prices on the most representative markets for production and export. The export levy shall be adjusted in accordance with any changes in the situation. 2. Where the cif price exceeds the market target price the application of the export levy shall be examined at least once a month under the procedure laid down in Article 39 of Regulation No 136/66/EEC. 3. The Commission shall notify Member States of the amount of the export levy to be charged per 100 kg of oil exported as soon as such levy is fixed."