1. In so far as the conditions set out in Article 12 of Regulation (EEC) No 766/68 are satisfied, any export refunds and export levies fixed in advance before 1 July 1980 for the products listed in the Annex hereto and exported on or after that date shall, at the request of the party concerned, be adjusted in accordance with paragraph 2. (1)OJ No L 359, 31.12.1974, p. 1. (2)OJ No L 170, 28.3.1978, p. 1. (3)OJ No L 143, 25.6.1968, p. 6. (4)OJ No L 167, 26.6.1976, p. 13. (5)OJ No L 61, 6.3.1980, p. 18. (6)OJ No L 289, 27.12.1972, p. 13. (7)OJ No L 94, 8.4.1978, p. 7.
2. For purposes of the adjustment referred to in paragraph 1, the export refund shall be increased, and the export levy decreased, by the difference, expressed in ECU per 100 kilograms, between the intervention price of the product in question applicable with effect from 1 July 1980 in the area most in surplus and the intervention price of that product applicable on 30 June 1980 in the same area.
In calculating the difference referred to in the preceding subparagraph there shall be added to these intervention prices the relevant storage levy as referred to under (a) of the third subparagraph of Article 8 (1) of Regulation (EEC) No 3330/74.
In the case of raw sugar, where the yield differs from that of the standard quality as defined in Regulation (EEC) No 431/68 (1) the amount of the adjustment shall be modified in accordance with Article 2 of Regulation (EEC) No 837/68 (2).