ANNOUNCEMENT 27 Aug 2012

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

NUMBER OF INTERVENTIONS

2

  • 1 harmful
  • 0 neutral
  • 1 liberalising

SOURCE

Public Finance Ministry. Ministerio de Hacienda. Decreto Exento 781/2012. 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=1043247

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

Import tariff

On August 27, 2012, the Chilean Ministry of Public Finance passed the Exempt Decree 781 to establish new applicable discounts on customs duties on sugar for a one-month period starting on September 1, 2012. The new law established different reductions on the ad valorem customs duties. The applicable discounts were USD 207.12 per tonne of raw sugar and USD 259.16 per tonne in refined sugars qualified as Grade 3, 4 and other substandard. The previously applicable discounts were USD 194.96 and USD 256.01 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

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

Import tariff

On August 27, 2012, the Chilean Ministry of Public Finance passed the Exempt Decree 781 to establish new applicable discounts on customs duties on sugar for a one-month period starting on September 1, 2012. The new law established different reductions on the ad valorem customs duties. The applicable discount for refined sugars qualified as Grades 1 and 2 was USD 337.22 per tonne. The previously applicable discount was USD 347.61 per tonne.

The objective of this decree is to establish a relative margin for internal prices to fluctuate in comparison to the international market.