ANNOUNCEMENT 24 Aug 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 240/2018. 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=1122246
On 24 August 2018, the Chilean Government issued Exempt Decree 240/2018 decreasing the applicable discounts on customs duties on sugar for a one-month period starting on 1 September 2018.
The new legislation established different reductions on the ad valorem customs duties. The applicable discounts set were USD 66.28 per tonne for refined sugars qualified as Grade 1 or 2; and USD 13.60 per tonne for refined sugars qualified as Grade 3, 4 and other substandard. The previously applicable discounts were USD 88.21 and USD 33.87 per tonne of sugars qualified as Grade 1 or 2 and as Grade 3, 4 and other substandard respectively.