ANNOUNCEMENT 29 Mar 2014

The Chilean Government has modified the applicable reductions on the import tariffs on raw and refined sugar.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising

SOURCE

Public Finance Ministry. Ministerio de Hacienda. Decreto Exento 94/2014. 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=1060661

Inception date: 01 Apr 2014 | Removal date: 30 Apr 2014

Import tariff

On March 29, 2014, the Chilean Ministry of Public Finance passed the Exempt Decree 94 to establish new applicable discounts on customs duties on sugar for a one-month period starting on April 1, 2014. The new law established different reductions on the ad valorem customs duties. The applicable discounts were USD 132.21 per tonne of raw sugar; USD 224.11 per tonne in refined sugars qualified as Grade 1 or 2; and USD 168.97 per tonne in refined sugars qualified as Grade 3, 4 and other substandard. The previously applicable discounts were USD 85.84, USD 174.14 and USD 121.16 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