ANNOUNCEMENT 27 Oct 2014

The Government of Chile approved again discounts on the applicable 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 293/2014. 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=1068802

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

Import tariff

On October 27, 2014, the Chilean Ministry of Public Finance passed the Exempt Decree 293 to establish applicable discounts on customs duties on sugar for a one-month period starting on November 1, 2014. The new law established different reductions on the ad valorem customs duties. The applicable discounts were USD 88.22 per tonne of raw sugar; USD 172.57 per tonne in refined sugars qualified as Grade 1 or 2; and USD 121.93 per tonne in refined sugars qualified as Grade 3, 4 and other substandard. Previously there were no discounts on the import tariffs for these goods.

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