ANNOUNCEMENT 28 Nov 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 374/2013. 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=1056577

Inception date: 01 Dec 2013 | Removal date: 31 Dec 2013
Still in force

Import tariff

On November 28, 2013, the Chilean Ministry of Public Finance passed the Exempt Decree 374 to establish new applicable discounts on customs duties on sugar for a one-month period starting on December 1, 2013. The new law established different reductions on the ad valorem customs duties. The applicable discount for refined sugars qualified as Grade 1 or 2 USD was 223.49 per tonne. The previously applicable discount was USD 228.53 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 Dec 2013 | Removal date: 31 Dec 2013
Still in force

Import tariff

On November 28, 2013, the Chilean Ministry of Public Finance passed the Exempt Decree 374 to establish new applicable discounts on customs duties on sugar for a one-month period starting on December 1, 2013. The new law established different reductions on the ad valorem customs duties. The applicable discounts were USD 139.80 per tonne of raw sugar and USD 173.28 per tonne in refined sugars qualified as Grade 3, 4 and other substandard. The previously applicable discounts were USD 126.12 and USD 167.08 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.