# Regulation (EEC) No 1579/74 of the Commission of 24 June 1974 on the procedure for calculating the import levy on products processed from cereals and from rice and for the advance fixing of this levy for these products and for compound feedingstuffs manufactured from cereals, Article 1

Extent: E+W+S+N.I.

1. Where, during the month of importation of products covered by Regulation (EEC) No 1052/68, the levy in force for 100 kg of the basic product exceeds by 0·25 unit of account the average levy, adjusted in accordance with the second subparagraph of Article 2 (1) of that Regulation, on the same quantity during the first 25 days of the preceding month, the variable component of the levy on the processed product shall be increased by an amount equal to the ascertained excess, rounded to 0·25 unit of account or to the nearest multiple of 0·25 unit of account, the amount of such excess then being multipled by the coefficient shown in column 4 of the Annex to Regulation (EEC) No 1052/68.
This increase shall apply on the day following ascertainment of the excess.
Where, subsequently during the same month, the levy in force differs by not less than 0·25 unit of account per 100 kg of basic product from the variable component increased as specified above (prior to multiplication by the abovementioned), that variable component shall be increased or reduced by an amount equal to the ascertained difference, rounded to 0·25 unit of account or to the nearest multiple of 0·25 unit of account, the rounded differences being then multiplied by the abovementioned coefficient.
However, the amount of the levy may in no case be reduced below the level fixed on the first day of the month.
2. For the application of paragraph 1 to products falling within tariff subheading 23.02 A, the levy on 100 kg of ‘basic product’ shall be calculated by adding together the levies on 100 kg of common wheat, 100 kg of barley and 100 kg of maize and dividing the total by 3.

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Source: https://www.legislation.gov.uk/eur/1974/1579/article/1 (the official version)
Page: https://openlegislation.uk/eu-regulation-1974-1579/article-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.