ANNOUNCED AS TEMPORARYYes
On September 27, 2013, the Chilean Ministry of Public Finance passed the Exempt Decree 299 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 223.55 per tonne in refined sugars qualified as Grade 1 or 2 and USD 147.35 per tonne in refined sugars qualified as Grade 3, 4 and other substandard. The previously applicable discounts were USD 222.28 and USD 147.03 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.