ANNOUNCED AS TEMPORARYYes
On December 15, 2015, the Chilean Ministry of Public Finance passed the Exempt Decree 489 to establish new applicable discounts on customs duties on wheat and wheat or meslin flour for a two-month period starting on December 16, 2015. The new law established different reductions on the ad valorem customs duties. The applicable discount was USD 66.39 per tonne of wheat.The previously applicable discount was USD 88.84.
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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