ANNOUNCED AS TEMPORARYYes
On November 28, 2013, the Chilean Ministry of Public Finance passed the Exempt Decree 374 to establish new applicable discounts on customs duties on sugar for a one-month period starting on December 1, 2013. The new law established different reductions on the ad valorem customs duties. The applicable discount for refined sugars qualified as Grade 1 or 2 USD was 223.49 per tonne. The previously applicable discount was USD 228.53 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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