ANNOUNCED AS TEMPORARYYes
On August 28, 2013, the Chilean Ministry of Public Finance passed the Exempt Decree 273 to establish new applicable discounts on customs duties on sugar for a one-month period starting on September 1, 2013. The new law established different reductions on the ad valorem customs duties. The applicable discount per tonne of raw sugar was USD 96.86. The previously applicable discount was USD 94.03 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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