ANNOUNCEMENT 29 Dec 2017
On December 29, 2017, the Chilean Government issued Exempt Decree 566 establishing new applicable discounts on customs duties on sugar for a one-month period starting on January 1, 2018.
NUMBER OF INTERVENTIONS
Public Finance Ministry. Ministerio de Hacienda. Decreto Exento 566/2017. Aplica rebajas de derechos de aduana para la importación de azúcar cruda, azúcar refinada grados 1 y 2, y azúcar refinada grados 3 y 4, y subestándares. Available at: https://www.leychile.cl/Navegar?idNorma=1112956
Exempt Decree 566 issued by the Ministry of Public Finance of Chile established different temporary reductions on the ad valorem customs duties on raw sugar. The applicable discount for raw sugar was set at USD 68.82 per tonne whereas per tonne of refined sugars qualified as Grade 3, 4 and other substandard was set at USD 93.11. The previously applicable discounts were USD 64.28 and USD 90.58 per tonne respectively. This discount only applies to the month of January 2018.
In addition to the discounts set on raw sugar, and refined sugars qualified as Grade 3, 4 and other substandard, the Ministry of Public Finance of Chile also decreased the temporary applicable discounts for refined sugars qualified as Grade 1 or 2, through Exempt Decree 566. The applicable discount set was USD 129.55 per tonne. The previously applicable discount was USD 130.02 per tonne.