ANNOUNCEMENT 27 Jun 2015
The Chilean Government set again new reductions on the import tariffs on raw and refined sugar.
NUMBER OF INTERVENTIONS
Public Finance Ministry. Ministerio de Hacienda. Decreto Exento 186/2015. 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=1078867
On June 27, 2015, the Chilean Ministry of Public Finance passed the Exempt Decree 186 to establish new applicable discounts on customs duties on sugar for a one-month period starting on July 1, 2015. The new law established different reductions on the ad valorem customs duties. The applicable discounts were USD 9.11 per tonne of raw sugar; USD 98.59 per tonne in refined sugars qualified as Grade 1 or 2; and USD 44.90 per tonne in refined sugars qualified as Grade 3, 4 and other substandard. The previously applicable discounts were USD 20.78, USD 112.15 and USD 57.32 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.