ANNOUNCED AS TEMPORARYYes
On July 31, 2015, the Chilean Ministry of Public Finance passed the Exempt Decree 225 to establish new applicable discounts on customs duties on sugar for a one-month period starting on August 1, 2015. The new law established different reductions on the ad valorem customs duties. The applicable discount for raw sugar was USD 4.09 per tonne. The previously applicable discount was USD 9.11 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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