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

2

  • 1 harmful
  • 0 neutral
  • 1 liberalising

SOURCE

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

Inception date: 01 Nov 2017 | Removal date: 30 Nov 2017

Import tariff

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.

AFFECTED SECTORS

 
235

AFFECTED PRODUCTS

 
170114
Inception date: 01 Nov 2017 | Removal date: 30 Nov 2017

Import tariff

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.

 
235
 
170199