ANNOUNCEMENT 30 Oct 2017
On October 30, 2017, the Chilean Government issued Exempt Decree 357 establishing new applicable discounts on customs duties on sugar for a one-month period starting on November 1, 2017.
NUMBER OF INTERVENTIONS
Public Finance Ministry. Ministerio de Hacienda. Decreto Exento 357/2017. 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. Available at: https://www.leychile.cl/Navegar?idNorma=1109856
Exempt Decree 357 issued by the Ministry of Public Finance of Chile established different temporary reductions on the ad valorem customs duties on raw sugar. The applicable discount set was USD 51.71 per tonne of raw sugar. The previously applicable discount was USD 51.01 per tonne. This discount only applies for the month of November 2017.
In addition to the discounts set on raw sugar, the Ministry of Public Finance of Chile also set temporary applicable discounts for refined sugars qualified as Grade 1 or 2, and for refined sugars qualified as Grade 3, 4 and other substandard on Exempt Decree 357. The applicable discount set for the latter was USD 77.50 per tonne, whereas for the former the discount was set at USD 116.38 per tonne. The previously applicable discounts were USD 79.66 and USD 122.62 per tonne respectively.
This discount only applies for the month of November 2017.