ANNOUNCEMENT 14 Apr 2012
The Chilean Government has modified the applicable reductions on the import tariffs of wheat and wheat or meslin flour.
NUMBER OF INTERVENTIONS
Public Finance Ministry. Ministerio de Hacienda. Decreto Exento 448/2012. Aplica rebajas de derechos de aduana para la importación de trigo y harina de trigo o de morcajo (tranquillón). http://www.leychile.cl/Navegar?idNorma=1038942
On April 14, 2012, the Chilean Ministry of Public Finance passed the Exempt Decree 448 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. The applicable discounts were USD 126.67 per tonne of wheat and USD 197.61 per tonne of wheat or meslin flour. The previously applicable discounts were USD 127.88 and USD 199.49 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.