ANNOUNCEMENT 24 May 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 154/2018. Aplica rebajas de derechos de aduana para la importación de azúcar refinada grados 1 y 2, y azúcar refinada grados 3 y 4, y subestándares. Available at: https://www.leychile.cl/Navegar?idNorma=1118905
On 24 May 2018, the Chilean Government issued Exempt Decree 154 reducing the applicable discounts on customs duties on sugar for a one-month period starting on June 1, 2018. The new legislation established different reductions on the ad valorem customs duties. The applicable discounts set were USD 72.84 per tonne for refined sugars qualified as Grade 1 or 2; and USD 24.87 per tonne for refined sugars qualified as Grade 3, 4 and other substandard. The previously applicable discounts were USD 97.26 and USD 48.23 per tonne respectively.