24.3.1999 Official Journal of the European Communities L 78/9 COMMISSION REGULATION (EC) No 624/1999 of 23 March 1999 amending Regulation (EEC) No 1713/93 establishing special detailed rules for applying the agricultural conversion rate in the sugar sector THE COMMISSION OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Community, Having regard to Council Regulation (EEC) No 1785/81 of 30 June 1981 on the common organisation of the markets in the sugar sector ('), as last amended by Commission Regulation (EC) No 1148/98 (%, and in particular Articles 8(5), 9(6) and 36(6) thereof, Having regard to Council Regulation (EC) No 2799/98 of 15 December 1998 establishing agrimonetary arrangements for the euro (}), and in particular Article 9 thereof, Whereas Regulation (EC) No 2799/98 establishes new agrimonetary arrangements as a result of the introduction of the euro; whereas the resulting application of certain operative events adopted by Regulation (EEC) No 1713/93 of 30 June 1993 establishing special detailed rules for applying the agricultural conversion rate in the sugar sector (*), as last amended by Regulation (EC) No 59/97 (°), has become unnecessarily complex because of the daily amendment of the exchange rates of non-participating Member States; whereas the application of the operative events should be simplified to permit the efficient administration of the system and compliance with the criteria set out in Article 3 of Regulation (EEC) No 2799/98; Whereas the measures provided for in this Regulation are in accordance with the opinion of the Management Committee for Sugar, HAS ADOPTED THIS REGULATION: Article 1 The Annex to Regulation (EEC) No 1713/93 is amended as follows: 1. Point V is replaced by the following: ‘V. Compensation system for storage costs Storage levy provided for in Article 8 of Rate applicable on the first day of the Regulation (EEC) No 1785/81. month following the month in which the quantity in question was disposed of, within the meaning of Article 12 of Regulation (EEC) No 1998/78. 2. Point VIII is replaced by the following: ‘VIII. Production refunds for products used in the chemical industry Production refunds provided for in Rate applicable one month after the day Atrticle 9(3) of Regulation (EEC) No on which the application for a refund 1785/81. certificate was received by the competent authority, within the meaning of Article 5 of Regulation (EEC) No 1729/78’ () OJ L 177, 1. 7. 1981, p. 4. () OJ L 159, 3. 6. 1998, p. 38. () OJ L 349, 24. 12. 1998, p. 1. () OJ L 159, 1. 7. 1993, p. 94. () OJ L 14, 17. 1. 1997, p. 25.