ANNOUNCEMENT 29 Aug 2020

The government of Chile changed the applicable discounts on the applicable customs duties on sugar, establishing the values valid for the month of September 2020.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising

SOURCE

Public Finance Ministry. Ministerio de Hacienda. Decreto Exento 261/2020. 29/08/2020. 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.bcn.cl/leychile/navegar?idNorma=1148823

Public Finance Ministry. Ministerio de Hacienda. Decreto Exento 223/2020. 28/07/2020. 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=1147810.

Inception date: 01 Sep 2020 | Removal date: 30 Sep 2020

Import tariff

On 29 August 2020, the Chilean Government adopted Exempt Decree 261/2020 which increases the applicable discount on customs duties on raw sugar, sugar qualified as Grade 1 or 2, as well as Grade 3 and 4, and other substandard.

The new discount values are in force for a one-month period starting on 1 September 2020 and are to be applied to the ad valorem customs duties.

For raw sugar, the discount was set at USD 13.23 per tonne, whereas the previous discount was USD 3.14 per tonne.

In the case of sugar qualified as Grade 1 or 2, the discount was set at USD 114.01 per tonne, while the previously applicable discount was USD 101.97 per tonne. 

Finally, the discount for sugar qualified as Grade 3 or 4 and other substandard was set at USD 53.54 per tonne, whereas the previously applicable discount was USD 42.68 per tonne.

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