ANNOUNCED AS TEMPORARYYes
On April 15, 2014, the Chilean Ministry of Public Finance passed the Exempt Decree 120 to establish new applicable discounts on customs duties on wheat and wheat or meslin flour for a two-month period starting on April 16, 2014. The new law established different reductions on the ad valorem customs duties. The applicable discounts were USD 225.25 per tonne of wheat and USD 351.39 per tonne of wheat or meslin flour. The previously applicable discounts were USD 207.76 and USD 324.11 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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