ANNOUNCED AS TEMPORARYYes
On March 30, 2016, the Chilean Ministry of Public Finance passed the Exempt Decree 96 to establish new applicable discounts on customs duties on sugar for a one-month period starting on April 1, 2016. The new law established different reductions on the ad valorem customs duties. The applicable discounts were USD 57.67 per tonne of raw sugar, and USD 97.33 per tonne in refined sugars qualified as Grade 3, 4 and other substandard. The previously applicable discounts for these products were USD 41.81 and USD 87.73 per tonne respectively.
The objective of this decree is to establish a relative margin for internal prices to fluctuate in comparison to the international market.
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