No L 144/22 Official Journal of the European Communities 28. 6. 95 COMMISSION REGULATION (EC) No 1466/95 of 27 June 1995 laying down special detailed rules of application for export refunds on milk and milk products THE COMMISSION OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Community, Having regard to Council Regulation (EEC) No 804/68 of 27 June 1968 on the common organization of the market in milk and milk products ('), as last amended by the Act of Accession of Austria, Finland and Sweden and by Regulation (EC) No 3290/94 (3, and in particular Article 17 (14) thereof, Whereas, pursuant to the Agricultural Agreement concluded during the Uruguay Round of the GATT trade negotiations (hereinafter referred to as the ‘Agreement’), export refunds on agricultural products, including milk products, are issued within each twelve-month period from 1 July 1995 up to a maximum quantity and a maximum value ; whereas, in order to ensure compliance with those limits, the issue of export licences must be monitored ; procedures must also be adopted for alloca- ting the quantities which may be exported with a refund; Whereas Regulation (EEC) No 804/68 lays down the general rules for the granting of export refunds in the milk and milk products sector, in order, in particular, to permit the monitoring of the value and quantity limits for refunds ; whereas detailed rules for the application of those arrangements must be laid down; Whereas, notwithstanding 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 agricultural products, as last amended by Regulation (EC) No 331/95 (%), cases where a refund may be granted without presentation of an export licence should be defined and the maximum time that products may remain under customs control should be specified ; Whereas special provisions should be adopted for the milk and milk products sector, notwithstanding Commis- sion Regulation (EEC) No 3719/88 (), as last amended by () OJ No L 148, 28. 6. 1968, p. 13. () OJ No L 349, 31. 12. 1994, p. 105. () OJ No L 351, 14. 12. 1987, p. 1. () OJ No L 38, 18. 2. 1995, p. 1. () O No L 331, 2. 12. 1988, p. 1. Regulation (EC) No 1199/95 (¢), concerning, in particular, licences ; whereas, in addition, the tolerance permitted by that Regulation as regards the quantity of goods exported compared with the quantity indicated on the licence should be reduced and, in order to ensure effective exceeding that indicated on the licence; whereas the securities to be lodged when licence applications are submitted should be sufficient to prevent speculative applications ; Whereas, in order to ensure accurate checking of products exported and to minimize the risk of speculation, the possibility of changing a product for which a licence has been issued should be restricted and penalties should be laid down for cases where the composition of the product does not conform to the description ; Whereas, to enable traders to participate in invitations to tender opened by third countries without affecting the restrictions as regards volume, a system of provisional licences should be introduced giving successful tenderers the right to a full licence; Whereas, in order to ensure effective monitoring of licences issued, which depends on the notification of information to the Commission by the Member States, a delay of five working days should be provided for before the issue of licences; whereas, in order to ensure the smooth operation of the arrangements and, in particular, an equitable allocation of the quantities available within the limits laid down by the Agreement, various rules on administration should be laid down and, in particular, provision should be made for the issue of licences to be suspended and for a reduction coefficient to be applied to the quantities applied for; Whereas the method for fixing the refund on milk products containing added sugar, the price of which is determined by the price of the ingredients, should be laid down according to the percentage of the ingredients contained therein ; Whereas the risk of a break in export should be averted and provision should accordingly be made for licences, valid from 1 July 1995 to be issued before that date; Whereas the measures provided for in this Regulation are in accordance with the opinion of the Management Committee for Milk and Milk Products, () OJ No L 119, 30. 5. 1995, p. 4.