ANNOUNCEMENT 24 Jul 2018
The government of Chile decreased the applicable discounts on the applicable customs duties on sugar.
NUMBER OF INTERVENTIONS
Public Finance Ministry. Ministerio de Hacienda. Decreto Exento 211/2018. 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=1120925
On 24 July 2018, the Chilean Government issued Exempt Decree 211/2018 decreasing the applicable discounts on customs duties on sugar for a one-month period starting on 1 August 2018.
The new legislation established different reductions on the ad valorem customs duties. The applicable discounts set were USD 88.21 per tonne for refined sugars qualified as Grade 1 or 2; and USD 33.87 per tonne for refined sugars qualified as Grade 3, 4 and other substandard. The previously applicable discounts were USD 90.31 and USD 42.34 per tonne of sugars qualified as Grade 1 or 2 and as Grade 3, 4 and other substandard respectively.
With the approval of the new Decree, the discounts set for raw sugar at USD 10.35 per tonne are no longer applicable.