ANNOUNCEMENT 24 Dec 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 449/2018. Aplica rebajas de derechos de aduana para la importación de azúcar cruda, azúcar refinada grados 1 y 2, y azúcar refinada grados 3 y 4, y subestándares. Available at: https://www.leychile.cl/Navegar?idNorma=1126983
On 24 December 2018, the Chilean Government issued Exempt Decree 449/2018 decreasing the applicable discounts on customs duties on sugar for a one-month period starting on 1 January 2019.
The new legislation established different reductions on the ad valorem customs duties. The discounts were set at USD 22.30 per tonne in the case of raw sugar, USD 89.14 per tonne for refined sugars qualified as Grade 1 or 2; and USD 49.04 per tonne for refined sugars qualified as Grade 3, 4 and other substandard. The previously applicable discounts were USD 36.74, USD 106.66 and USD 64.71 per tonne respectively.