ANNOUNCEMENT 31 May 2012

The Chilean Government has modified the applicable reductions on the import tariffs of raw sugar and refined sugar.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

Public Finance Ministry. Ministerio de Hacienda. Decreto Exento 564/2012. Aplica rebajas de derechos de aduana para la importación de azúcar cruda, azúcar refinada grados 1 y 2, y azúcar refinada grados 3 y 4, y subestándares. http://www.leychile.cl/Navegar?idNorma=1040479

Inception date: 01 Jun 2012 | Removal date: 30 Jun 2012

Import tariff

On May 31, 2012, the Chilean Ministry of Public Finance passed the Exempt Decree 564 to establish new applicable discounts on customs duties on sugar for a one-month period starting on June 1, 2012. The new law established different reductions on the ad valorem customs duties. The applicable discounts were USD 185.48 per tonne of raw sugar; USD 295.07 per tonne in refined sugars qualified as Grade 1 or 2; and USD 229.31 per tonne in refined sugars qualified as Grade 3, 4 and other substandard. The previously applicable discounts were USD 265.45, USD 371.81 and USD 307.97 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.

AFFECTED SECTORS

 

AFFECTED PRODUCTS