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 discounts were USD 256.37 per tonne for refined sugars qualified as Grade 1 or 2, and USD 184.57 per tonne in refined sugars qualified as Grade 3, 4 and other substandard. Previously, the applicable discounts were USD 229.23 and USD 174.07 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.