ANNOUNCEMENT 23 Oct 2018
The government of Chile increased the applicable discounts on the applicable customs duties on sugar.
NUMBER OF INTERVENTIONS
Public Finance Ministry. Ministerio de Hacienda. Decreto Exento 307/2018. 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=1124442
On 23 October 2018, the Chilean Government issued Exempt Decree 307/2018 increasing the applicable discounts on customs duties on sugar for a one-month period starting on 1 November 2018.
The new legislation established different reductions on the ad valorem customs duties. The applicable discounts set were USD 82.58 per tonne for refined sugars qualified as Grade 1 or 2; and USD 31.03 per tonne for refined sugars qualified as Grade 3, 4 and other substandard. The previously applicable discounts were USD 65.91 and USD 11.11 per tonne of sugars qualified as Grade 1 or 2 and as Grade 3, 4 and other substandard respectively.