
Article 1 
Article 3 (1) (a) and (b) of Regulation (EEC) No 1579/7A is replaced by the following:
'
((a)) In the case referred to in the preceding subparagraph, and except in respect of products falling within subheading 23.07 B specified in Annex A of Regulation No 120/67/EEC any adjustment of the levy shall subject to the operation of the second subparagraph of Article 15 (3) of Regulation No 120/67/EEC, be made in relation to the threshold price for the basic product or products used for the purpose of calculating the variable component of the levy operative on the day of importation. Such adjustment shall be made by increasing or reducing the levy which was fixed in advance by the difference between the threshold price for 100 kg of the basic product operative for the month in which the application is made and that operative for the month of importation, that difference being multiplied by the coefficient shown in column 4 of the Annex to Regulation (EEC) No 1052/68.
((b)) With regard to the products referred to in Article 2, the levy fixed in advance shall moreover be adjusted if the production refunds fixed in Article 1 of Regulation (EEC) No 1955/75 are altered between the day on which the licence is applied for and the day of importation. Such adjustment shall be made by increasing or decreasing the amount of levy fixed in advance by reference to the difference resulting from such alteration, that difference being multiplied by the coefficient shown in column 4 of the Annex to Regulation (EEC) No 1052/68 against the products in question.'
Article 2 
This Regulation shall enter into force on 1 August 1975.
This Regulation shall be binding in its entirety and directly applicable in all Member States.Done at Brussels, 31 July 1975.
For the Commission
P. J. LARDINOIS
Member of the Commission