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ANNOUNCEMENT 28 Apr 2015
The Government of Chile approved again discounts on the applicable import tariffs on raw and refined sugar.
NUMBER OF INTERVENTIONS
1
SOURCE
Public Finance Ministry. Ministerio de Hacienda. Decreto Exento 121/2015. 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=1076621
On April 28, 2015, the Chilean Ministry of Public Finance passed the Exempt Decree 121 to establish new applicable discounts on customs duties on sugar for a one-month period starting on May 1, 2015. The new law established different reductions on the ad valorem customs duties. The applicable discounts were USD 20.78 per tonne of raw sugar; USD 112.15 per tonne in refined sugars qualified as Grade 1 or 2; and USD 57.32 per tonne in refined sugars qualified as Grade 3, 4 and other substandard. The previously applicable discounts were USD 47.99, USD 124.33 and USD 78.52 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.