IMPLEMENTATION LEVEL
NationalAFFECTED FLOW
InflowANNOUNCED AS TEMPORARY
YesNON-TRADE-RELATED RATIONALE
NoELIGIBLE FIRMS
allJUMBO
NoTARIFF PEAK
NoOn November 27, 2015, the Chilean Ministry of Public Finance passed the Exempt Decree 423 to establish new applicable discounts on customs duties on sugar for a one-month period starting on December 1, 2015. The new law established different reductions on the ad valorem customs duties. The applicable discounts were USD 66.31 per tonne of raw sugar; USD 139.90 per tonne of refined sugars qualified as Grade 1 or 2; and USD 87.73 per tonne of refined sugars qualified as Grade 3, 4 and other substandard. The previously applicable discounts were USD 20.67, USD 117.24 and USD 59.30 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.