ANNOUNCEMENT 25 Apr 2018
The government of Chile reduced the applicable discounts on the applicable customs duties on sugar.
NUMBER OF INTERVENTIONS
Public Finance Ministry. Ministerio de Hacienda. Decreto Exento 123/2018. 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=1117822
On April 25, 2018, the Chilean Government issued Exempt Decree 123 reducing the applicable discounts on customs duties on sugar for a one-month period starting on May 1, 2018. The new legislation established different reductions on the ad valorem customs duties. The applicable discounts set were USD 15.54 per tonne of raw sugar; USD 97.26 per tonne for refined sugars qualified as Grade 1 or 2; and USD 48.23 per tonne for refined sugars qualified as Grade 3, 4 and other substandard. The previously applicable discounts were USD 34.63, USD 105.90 and USD 63.13 per tonne respectively.