Article 4
1. For standard-quality raw sugar falling within CN codes 1701 11 90 and 1701 12 90 listed in Annexes I and II, the adjustment referred to in Article 1 shall be obtained by increasing or reducing, as the case may be, the export refund by the difference, expressed in ecus per 100 kilograms of sugar, between the intervention price for raw sugar plus the storage levy, expressed as raw sugar, which are applicable on the day the application for the export licence was lodged and the intervention price for raw sugar plus the storage levy, expressed as raw sugar, which are applicable on the day of export. 2. Where the yield of the raw sugar differs from that of the standard quality referred to in Council Regulation (EEC) No 431/68 (6), the refund payable adjusted in accordance with paragraph 1 shall be further adjusted in accordance with Article 5 (1) of Commission Regulation (EC) No 1423/95 (7).