ANNOUNCEMENT 28 Sep 2018
The government of Chile decreased the applicable discounts on the applicable customs duties on sugar.
NUMBER OF INTERVENTIONS
1
SOURCE
Public Finance Ministry. Ministerio de Hacienda. Decreto Exento 277/2018. 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=1123443
On 28 September 2018, the Chilean Government issued Exempt Decree 277/2018 decreasing the applicable discounts on customs duties on sugar for a one-month period starting on 1 October 2018.
The new legislation established different reductions on the ad valorem customs duties. The applicable discounts set were USD 65.91 per tonne for refined sugars qualified as Grade 1 or 2; and USD 11.11 per tonne for refined sugars qualified as Grade 3, 4 and other substandard. The previously applicable discounts were USD 66.28 and USD 13.60 per tonne of sugars qualified as Grade 1 or 2 and as Grade 3, 4 and other substandard respectively.