IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

Yes

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 01 May 2014 | Removal date: 31 May 2014
Still in force

Import tariff

On April 30, 2014, the Chilean Ministry of Public Finance passed the Exempt Decree 123 to establish new applicable discounts on customs duties on sugar for a one-month period starting on May 1, 2014. The new law established different reductions on the ad valorem customs duties. The applicable discounts were USD 125.95 per tonne of raw sugar; USD 208.54 per tonne in refined sugars qualified as Grade 1 or 2; and USD 158.99 per tonne in refined sugars qualified as Grade 3, 4 and other substandard. The previously applicable discounts were USD 132.21, USD 224.11 and USD 168.97 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.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

235 Sugar & molasses
1701 Cane or beet sugar and chemically pure sucrose, in solid form.
170114 Other cane sugar
170199 Other

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