ANNOUNCEMENT 29 Dec 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 1171/2012. 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=1047529

Inception date: 01 Jan 2013 | Removal date: 31 Jan 2013

Import tariff

On December 29, 2012, the Chilean Ministry of Public Finance passed the Exempt Decree 1171 to establish new applicable discounts on customs duties on sugar for a one-month period starting on January 1, 2013. The new law established different reductions on the ad valorem customs duties. The applicable discounts were USD 157.35 per tonne of raw sugar and USD 195.21 per tonne in refined sugars qualified as Grade 3, 4 and other substandard. The previously applicable discounts were USD 144.15 and USD 191.13 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 Jan 2013 | Removal date: 31 Jan 2013

Import tariff

On December 29, 2012, the Chilean Ministry of Public Finance passed the Exempt Decree 1171 to establish new applicable discounts on customs duties on sugar for a one-month period starting on January 1, 2013. The new law established different reductions on the ad valorem customs duties. The applicable discount for refined sugars qualified as Grade 1 or 2 was USD 252.00 per tonne. The previously applicable discount was USD 261.60 per tonne.

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