ANNOUNCEMENT 29 Dec 2015

The Chilean Government updated the applicable discounts on the import tariffs set on raw and refined sugar.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising

SOURCE

Public Finance Ministry. Ministerio de Hacienda. Decreto Exento 508/2015. 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=1085829

Inception date: 01 Jan 2016 | Removal date: 31 Jan 2016

Import tariff

On December 29, 2015, the Chilean Ministry of Public Finance passed the Exempt Decree 508 to establish new applicable discounts on customs duties on sugar for a one-month period starting on January 1, 2016. The new law established different reductions on the ad valorem customs duties. The applicable discounts were USD 76.39 per tonne of raw sugar; USD 155.43 per tonne in refined sugars qualified as Grade 1 or 2; and USD 108.01 per tonne in refined sugars qualified as Grade 3, 4 and other substandard. The previously applicable discounts were USD 66.31, USD 139.90 and USD 87.73 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