ANNOUNCEMENT 28 Oct 2013
The Chilean Government has reduced the duties on the import of sugar by establishing applicable reductions on the import tariffs on raw and refined sugar.
NUMBER OF INTERVENTIONS
Public Finance Ministry. Ministerio de Hacienda. Decreto Exento 333/2013. 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=1055542
On October 28, 2013, the Chilean Ministry of Public Finance passed the Exempt Decree 333 to establish new applicable discounts on customs duties on sugar for a one-month period starting on November 1, 2013. The new law established different reductions on the ad valorem customs duties. The applicable discounts were USD 126.12 per tonne of raw sugar; USD 228.53 per tonne in refined sugars qualified as Grade 1 or 2; and USD 167.08 per tonne in refined sugars qualified as Grade 3, 4 and other substandard. The previously applicable discounts were USD 96.86, 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.