ANNOUNCEMENT 27 Sep 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 299/2013. 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=1054453

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

Import tariff

On September 27, 2013, the Chilean Ministry of Public Finance passed the Exempt Decree 299 to establish new applicable discounts on customs duties on sugar for a one-month period starting on August 1, 2013. The new law established different reductions on the ad valorem customs duties. The applicable discounts were USD 223.55 per tonne in refined sugars qualified as Grade 1 or 2 and USD 147.35 per tonne in refined sugars qualified as Grade 3, 4 and other substandard. The previously applicable discounts were USD 222.28 and USD 147.03 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 Oct 2013 | Removal date: 31 Oct 2013

Import tariff

On September 27, 2013, the Chilean Ministry of Public Finance passed the Exempt Decree 299 to establish new applicable discounts on customs duties on sugar for a one-month period starting on August 1, 2013. The new law established different reductions on the ad valorem customs duties. The applicable discount for raw sugar was USD 96.54 per tonne. The previously applicable discount was USD 96.86.

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