ANNOUNCEMENT 25 Apr 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 119/2013. 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=1050375

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

Import tariff

On April 25, 2013, the Chilean Ministry of Public Finance passed the Exempt Decree 119 to establish new applicable discounts on customs duties on sugar for a one-month period starting on May 1, 2013. The new law established different reductions on the ad valorem customs duties. The applicable discounts were USD 125.40 per tonne of raw sugar; USD 253.66 per tonne in refined sugars qualified as Grade 1 or 2; and USD 176.70 per tonne in refined sugars qualified as Grade 3, 4 and other substandard. The previously applicable discounts were USD 136.72, USD 256.37 and USD 184.57 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