1. In respect of the products referred to in Article 1 (1) (a) and (b) of Regulation (EEC) No 1766/92, export refunds fixed in advance between 5 May and 30 June 1994 shall be adjusted in accordance with paragraph 2 upon application by exporters, where completion of the customs export formalities will take place after 30 June 1994.
2. Export refunds shall be increased by the difference as expressed in ECU per tonne between the threshold price applying in the last month of the 1993/94 marketing year and the threshold price applying in the first month of the 1994/95 marketing year.
3. Applications under paragraph 1 shall be submitted only by the holders of the export licences concerned to the Member State which has issued them and before customs export formalities in respect of the quantities concerned have been completed.
The said Member State shall enter the adjustment to be applied in box 22 of the relevant export licence and place its stamp thereon.
The Member States shall inform the Commission immediately of the quantities of products covered by applications made under paragraph 1.