18.3.2005 Official Journal of the European Union L 72/3 COMMISSION REGULATION (EC) No 435/2005 of 17 March 2005 applying a reduction coefficient to refund certificates for goods not covered by Annex I to the Treaty, as provided for by Article 8(5) of Regulation (EC) No 1520/2000 THE COMMISSION OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Community, Having regard to Council Regulation (EC) No 3448/93 of 6 December 1993 laying down the trade arrangements applicable to certain goods resulting from the processing of agricultural products (1), Having regard to Commission Regulation (EC) No 1520/2000 of 13 July 2000 laying down common detailed rules for the application of the system of granting export refunds on certain agricultural products exported in the form of goods not covered by Annex I to the Treaty and the criteria for fixing the amount of such refunds (%), and in particular Article 8(5) thereof, Whereas: (1)  Member States’ notifications pursuant to Article 8(2) of Regulation (EC) No 1520/2000 indicate that the total amount of applications received reaches EUR 178 002 906 while the available amount for the tranche of refund certificates as referred to in Article 8(4) of Regulation (EC) No 1520/2000 is EUR 68 116 869. (2) A reduction coefficient shall be calculated on the basis of Article 8(3) and (4) of Regulation (EC) No 1520/2000. Such coefficient should therefore be applied to amounts requested in the form of refund certificates for use from 1 April 2005 as established in Article 8(6) of Regulation (EC) No 15202000, HAS ADOPTED THIS REGULATION: Article 1 The amounts for applications of refund certificates for use from 1 April 2005 are subject to a reduction coefficient of 0,618. Article 2 This Regulation shall enter into force on 18 March 2005. This Regulation shall be binding in its entirety and directly applicable in all Member States. Done at Brussels, 17 March 2005. () OJ L 318, 20.12.1993, p. 18. Regulation as last amended by Regu- lation (EC) No 2580/2000 (O] L 298, 25.11.2000, p. 5). (» OJ L 177, 15.7.2000, p. 1. Regulation as last amended by Regu- lation (EC) No 886/2004 (O] L 168, 1.5.2004, p. 14). For the Commission Gilinter VERHEUGEN Vice-President