Website developed by
Code & Pepper
ANNOUNCEMENT 26 Dec 2013
The Chilean Government has modified the applicable reductions on the import tariffs on raw and refined sugar.
NUMBER OF INTERVENTIONS
1
SOURCE
Public Finance Ministry. Ministerio de Hacienda. Decreto Exento 420/2013. 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=1057578
On December 26, 2013, the Chilean Ministry of Public Finance passed the Exempt Decree 420 to establish new applicable discounts on customs duties on sugar for a one-month period starting on January 1, 2014. The new law established different reductions on the ad valorem customs duties. The applicable discounts were USD 122.60 per tonne of raw sugar; USD 209.99 per tonne in refined sugars qualified as Grade 1 or 2; and USD 157.55 per tonne in refined sugars qualified as Grade 3, 4 and other substandard. The previously applicable discounts were USD 139.80, USD 223.49 and USD 173.28 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.