ANNOUNCEMENT 29 Mar 2017
The Chilean Government has modified the applicable reductions on the import tariffs of raw sugar and refined sugar.
NUMBER OF INTERVENTIONS
Public Finance Ministry. Ministerio de Hacienda. Decreto Exento 78/2017. 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=1101360
On March 29, 2017, the Chilean Ministry of Public Finance passed the Exempt Decree 78 to establish new applicable discounts on customs duties on sugar for a one-month period starting on April 1, 2017. The new law established different reductions on the ad valorem customs duties. The applicable discounts were USD 175.54 per tonne of raw sugar; USD 292.05 per tonne in refined sugars qualified as Grade 1 or 2; and USD 222.14 per tonne in refined sugars qualified as Grade 3, 4 and other substandard. The previously applicable discounts were USD 205.86, USD 298.19 and USD 242.79 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.