ANNOUNCED AS TEMPORARYYes
On December 29, 2016, the Chilean Ministry of Public Finance passed the Exempt Decree 570 to establish new applicable discounts on customs duties on sugar for a one-month period starting on January 1, 2017. The new law established different reductions on the ad valorem customs duties. The applicable discounts were USD 180.98 per tonne of raw sugar; USD 276.08 per tonne in refined sugars qualified as Grade 1 or 2; and USD 219.02 per tonne in refined sugars qualified as Grade 3, 4 and other substandard. The previously applicable discounts were USD 244, USD 344.28 and USD 297.14 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.