No L 289/2 Official Journal of the European Communities 12. 11. 96 COMMISSION REGULATION (EC) No 2154/96 of 11 November 1996 on certain transitional measures required to implement the Uruguay Round Agriculture Agreement THE COMMISSION OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Community, " Having regard to Council Regulation (EEC) No 1766/92 of 30 June 1992 on the common organization of the markets in cereals ('), as last amended by Commission Regulation (EC) No 923/96 () and in particular Article 13 thereof, and the corresponding provisions of the other regulations on the common organization of the agricul- tural markets, Whereas the second indent of Article 20 (3) (b) of Commission Regulation (EEC) No 3665/87 of 27 November 1987 laying down common detailed rules for the application of the system of export refunds on agri- cultural products (*), as last amended by Regulation (EC) No 1384/95 (%), lays down that, in the case of differen- tiated refunds, if the destination indicated on the licence has not be complied with and the rate of refund corres- ponding to the actual destination is less than the rate of refund indicated on the licence, the refund is to be reduced by 20 % of the difference between that refund and the refund indicated on the licence; whereas this provision applies to export declarations accepted on or after 1 July 1995; whereas the reduction has been intro- duced to ensure that the restrictions on quantities and value under the Uruguay Round Agricultural Agreements are complied with; Whereas, to avoid disruption to trade and to ensure a smooth transition to the new GATT rules from the rules applying before 1 July 1995, Commission Regulation (EC) No 974/95(°) provides for the issue of export licences before 1 July 1995 that can be used after that date; whereas these licences are not to be booked to account under the new GATT rules; whereas these licences should therefore be expressly excluded from the application of the 20 % reduction with effect from 1 July 1995; Whereas the measures provided for in this Regulation are in accordance with the opinion of all the Management Committees concerned, HAS ADOPTED THIS REGULATION: Article 1 On application by the interested party submitted not later than one year after the publication of this Regulation, the 20 % reduction laid down in the second indent of Article 20 (3) (b) of Regulation (EEC) No 3665/87 shall not apply to exports effected under export licences issued under Regulation (EC) No 974/95. Article 2 This Regulation shall enter into force the day following its publication in the Official Journal of the European Communities. It shall apply from 1 July 1995. This Regulation shall be binding in its entirety and directly applicable in all Member States. Done at Brussels, 11 November 1996. () OJ No L 181, 1. 7. 1992, p. 21. () OJ No L 126, 24. 5. 1996, p. 37. () OJ No L 351, 14. 12, 1987, p. 1. () OJ No L 134, 20. 6. 1995, p. 14. For the Commission Franz FISCHLER Member of the Commission () OJ No L 97, 29. 4. 1995, p. 66.