Article 3

In respect of imports of the products referred to in Article 1 (d) of Regulation No 120/67/EEC and in Article 1 (c) of Regulation No 359/67/EEC, the levy applicable on the day on which the licence is applied for shall, if the applicant so requests when applying for the licence, and provided he does so before 1300 hours, be applicable in respect of an importation to be effected at any time during the period of validity of the licence.

In the case referred to in the preceding subparagraph, the levy shall be adjusted if necessary in relation to the threshold price in force during the month of importation for the basic products or products taken as a basis for the calculation of the variable component of the levy, without prejudice to the possible application of the second subparagraph of Article 15 (3) of Regulation No 120/67/EEC.

This adjustment shall be made by increasing or reducing the levy by the difference between the threshold price in force in the month of the application for 100 kg of the basic product and that in force in the month of importation that difference being adjusted by the coefficient shown in column 4 of the Annex to Regulation (EEC) No 1052/68.

With regard to products falling within tariff heading No 11.07 a premium shall be added to the levy fixed in advance. This premium shall, per 100 kg of processed products, be equal to the premium applicable under Article 15 of Regulation No 120/67/EEC and under Council Regulation No 140/67/EEC^f1 of 21 June 1967 on rules for the advance fixing of levies on cereals, as last amended by Regulation (EEC) No 2435/70^f2, and in accordance with the scale in force on the day on which the licence was applied for, to the quantity of the basic product taken as a basis for the calculation of the variable component of the levy.

Without prejudice to the possible application of Article 9 (b) of Regulation No 140/67/EEC, the premium shall be determined in relation to the month of actual importation of the processed product, the premium applicable to an importation effected during the last month of validity of the import licence being equal to that applicable to an importation effected during the preceding month.