Proof of elimination by Croatia
Article 12
1. By 28 February 2015 at the latest Croatia shall provide the proof to the Commission that the surplus quantity referred to in Article 7(1) was eliminated from the Union market in accordance with the methods referred to in Article 9(2) and shall specify for each method the quantity eliminated. 2. In case the proof of elimination from the Union market is not provided in accordance with paragraph 1, for all or part of the surplus quantity, Croatia shall be charged an amount equal to the quantity not eliminated (in white sugar or dry matter equivalent) multiplied by the highest positive difference between the average Union sugar market price reported on a monthly basis in accordance with Article 14 of Regulation (EC) No 952/2006 and the average monthly quotation, in EUR equivalent, of white sugar observed at the London No 5 white sugar futures market for the nearest term during the period from 1 July 2013 to 31 October 2014. That amount shall be increased by EUR 50 per tonne. From the resulting total amount shall be deducted any amount charged pursuant to Article 10 of this Regulation. This amount shall be assigned to the Union budget by 30 June 2015 at the latest. The amounts referred to in the first subparagraph and in Article 10 shall be determined in accordance with the procedure referred to in Article 195(2) of Regulation (EC) No 1234/2007 by 30 April 2015 at the latest on the basis of the communications made by Croatia pursuant to paragraph 1 of this Article.