Eridania Zuccherifici Nazionali SpA, ISI - Industria Saccarifera Italiana Agroindustriale SpA, Sadam Zuccherifici, Sadam Castiglionese SpA, Sadam Abruzzo SpA, Zuccherificio del Molise SpA, SFIR - Società Fondiaria Industriale Romagnola SpA and Ponteco Zuccheri SpA v Council of the European Union (T-158/95)

Judgment of 8 Jul 1999

law://eu/cjeu/1995/t-158-95/para_35@2026-11-15

35The Council further points out that Regulation No 1534/95 forms part of the ‘price package’ which it adopts each year for the following marketing year in the various agricultural sectors. It follows from the preamble to that regulation that in determining the amount of the refund the Council relied on objective criteria and — in accordance with the criteria set out in Article 5 of Council Regulation (EEC) No 1358/77 of 20 June 1977 laying down general rules for offsetting storage costs for sugar and repealing Regulation (EEC) No 750/68 (OJ 1977 L 156, p. 4) — took account of financing costs (in respect of which it also took account of a 6.75% interest rate), insurance costs and specific storage costs.

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