ANNOUNCEMENT 28 Mar 2013

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 94/2013. 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=1049691

Inception date: 01 Apr 2013 | Removal date: 30 Apr 2013

Import tariff

On March 28, 2013, the Chilean Ministry of Public Finance passed the Exempt Decree 94 to establish new applicable discounts on customs duties on sugar for a one-month period starting on April 1, 2013. The new law established different reductions on the ad valorem customs duties. The applicable discount for raw sugar was USD 136.72. The previously applicable discount was USD 137.31 per tonne.

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 Apr 2013 | Removal date: 30 Apr 2013

Import tariff

On March 28, 2013, the Chilean Ministry of Public Finance passed the Exempt Decree 94 to establish new applicable discounts on customs duties on sugar for a one-month period starting on April 1, 2013. The new law established different reductions on the ad valorem customs duties. The applicable discounts were USD 256.37 per tonne for refined sugars qualified as Grade 1 or 2, and USD 184.57 per tonne in refined sugars qualified as Grade 3, 4 and other substandard. Previously, the applicable discounts were USD 229.23 and USD 174.07 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.