ANNOUNCEMENT 25 Feb 2013

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 66/2013. 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=1049087

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

Import tariff

On February 25, 2013, the Chilean Ministry of Public Finance passed the Exempt Decree 66 to establish new applicable discounts on customs duties on sugar for a one-month period starting on March 1, 2013. The new law established different reductions on the ad valorem customs duties. The applicable discounts were USD 137.31 per tonne of raw sugar; USD 229.23 per tonne in refined sugars qualified as Grade 1 or 2; and USD 174.07 per tonne in refined sugars qualified as Grade 3, 4 and other substandard. The previously applicable discounts were USD 154.40, USD 253.74 and USD 194.14 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