IMPLEMENTATION LEVEL
NationalAFFECTED FLOW
InflowANNOUNCED AS TEMPORARY
YesNON-TRADE-RELATED RATIONALE
NoELIGIBLE FIRMS
allJUMBO
NoTARIFF PEAK
NoOn March 28, 2015, the Chilean Ministry of Public Finance passed the Exempt Decree 80 to establish new applicable discounts on customs duties on sugar for a one-month period starting on April 1, 2015. The new law established different reductions on the ad valorem customs duties. The applicable discounts were USD 47.99 per tonne of raw sugar; USD 124.33 per tonne of refined sugars qualified as Grade 1 or 2; and USD 78.52 per tonne of refined sugars qualified as Grade 3, 4 and other substandard. The previously applicable discounts were USD 75.63, USD 137.65 and USD 100.45 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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