ANNOUNCED AS TEMPORARYYes
On July 28, 2016, the Chilean Ministry of Public Finance passed the Exempt Decree 254 to establish new applicable discounts on customs duties on sugar for a one-month period starting on August 1, 2016. The new law established different reductions on the ad valorem customs duties. The applicable discounts were USD 188.31 per tonne of raw sugar; USD 303.08 per tonne in refined sugars qualified as Grade 1 or 2; and USD 234.22 per tonne in refined sugars qualified as Grade 3, 4 and other substandard. The previously applicable discounts were USD 147.16, USD 252.85 and USD 189.43 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.
⚑ Please report this page in case you detect an inaccuracy in its content.