PURPOSE : to establish a levy in the milk and milk products sector and to repeal Regulation 3950/92/EC.
CONTENT : for 11 consecutive periods of twelve months commencing on 1 April 2004, a levy is proposed on quantities of cow's milk and other milk products marketed during the twelve-month period concerned in excess of the quantities fixed in Annex I to the draft Regulation. The main purpose is to reduce the imbalance between supply and demand on the milk d milk-products market and achieve better market equilibrium.
The levy is set at 115% of the target price for milk. (Please refer to CNS/2003/0011).
Before 1 September following the twelve-month period concerned, the Member States will pay the EAGGF a sum equivalent to the levy calculated on every overrun of the reference quantities set out in Annex I, taking account of the reference fat content fixed in Annex II of the draft Regulation.
The levy will be entirely allocated among the producers who have contributed to the overruns in line with the individual reference quantities provided for in this proposal.
Producers may have either one or two reference quantities, one for deliveries and the other for sales. Quantities may be transferred from one reference quantity to the other only by the competent authority of the Member State, at the duly justified request of the producer.�