
Article 1 
The text of Article 3(1) of Regulation (EEC) No 1579/74 is replaced by the following:
'
1. 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 1 p.m., be applicable in respect of an importation to be effected at any time during the period of validity of the licence.
(a) In the case referred to in the preceding subparagraph, and except in respect of:
— the products referred to in Article 2, and of
— the products falling within subheading 23.07 B specified in Annex A to 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 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, any levy fixed in advance pursuant to the first subparagraph hereof shall be adjusted, if the amounts fixed in Article 1 of Regulation (EEC) No 1132/74 are altered between the day on which the licence is applied for and the day of importation, 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 product in question.
(c) With regard to the products falling within subheading 23.07 B specified in Annex A to Regulation No 120/67/EEC, any adjustment required shall be made by increasing or reducing the levy:
— in respect of the cereal component of such products, by the difference between the threshold price for 100 kg of maize 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 Table A of Annex II to Regulation (EEC) No 968/68;
— in respect of the milk component of such products, by the difference between the threshold price for 100 kg of skimmed-milk powder 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 Table B of Annex II to Regulation (EEC) No 968/68.'
Article 2 
This Regulation shall enter into force on the third day following its publication in the Official Journal of the European Communities.
This Regulation shall be binding in its entirety and directly applicable in all Member States.Done at Brussels, 10 December 1974.
For the Commission
The President
François-Xavier ORTOLI