ANNOUNCED AS TEMPORARYYes
On March 28, 2013, the Chilean Ministry of Public Finance passed the Exempt Decree 94 to establish new applicable discounts on customs duties on sugar for a one-month period starting on April 1, 2013. The new law established different reductions on the ad valorem customs duties. The applicable discount for raw sugar was USD 136.72. The previously applicable discount was USD 137.31 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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