ANNOUNCED AS TEMPORARYYes
On April 14, 2016, the Chilean Ministry of Public Finance passed the Exempt Decree 116 to establish new applicable discounts on customs duties on wheat and wheat or meslin flour for a two-month period starting on April 16, 2016. The new law established different reductions on the ad valorem customs duties on wheat or meslin flour. The new applicable discount was USD 97.38 per tonne. Previously, the applicable discount was set at USD 102.36 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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