ANNOUNCED AS TEMPORARYNo
On April 14, 2016, the Chilean Ministry of Public Finance passed the Exempt Decree 116 to establish new applicable discounts on customs duties on wheat for a two-month period starting on April 16, 2016. The new law established different reductions on the ad valorem customs duties. The applicable discount for wheat was USD 65.61 per tonne, whereas the previously applicable discount was USD 62.42 per tonne.
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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