ANNOUNCED AS TEMPORARYYes
On July 29, 2013, the Chilean Ministry of Public Finance passed the Exempt Decree 232 to establish new applicable discounts on customs duties on sugar for a one-month period starting on August 1, 2013. The new law established different reductions on the ad valorem customs duties. The applicable discounts were USD 233.30 per tonne in refined sugars qualified as Grade 1 or 2 and USD 149.74 per tonne in refined sugars qualified as Grade 3, 4 and other substandard. The previously applicable discounts were USD 213.17 and USD 142.24 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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