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Chile Import Regs.: Drawback/ Temporary Entry

Regulations of Chile for special products, prohibitions, restrictions, labeling, documentation, etc.

Chile Import Regs.: Drawback/ Temporary Entry

Postby bridgat » Tue Nov 18, 2008 3:35 am

Duty drawback

Chile operates a duty drawback regime that functions under law number 18,708, published on may 15, 1988. This regime allows exporters to recover customs duties (ad-valorem duties, specific duties, clearance fees, surcharge rates and other taxes paid) for the importation of raw materials, semi-manufactured items, parts and pieces used as inputs for the manufacture of merchandise, which are exported. These inputs may have been imported directly by the exporter or by third parties.

According to the regulations, no later than nine months following export, nor 18 months following import of the inputs, the exporter must present a request with supporting documents to the Customs office handling the export transaction. The program is managed by Chilean customs. However, the Central Bank and Treasury have processing responsibilities. In practice, exporters fill out a form, have it notarized and then present it at the Treasury. The treasury receives reports from Customs about three to four weeks following export upon which they base approval of the forms submitted by the exporter.

Chile's three other programs to encourage exports are a simplified system for reimbursements related to non-traditional exports (Law 18,480), temporary admission (Decree 224/86) and deferred payment of duty on capital goods (Law 18,634).

Temporary Entry

Temporary imports are authorized for government-approved exhibitions and for temporary demonstrations. For Chilean government-approved exhibitions, no duty or VAT duty is levied. Goods may remain in the country up to six months, but must be kept in a warehouse. Goods imported for temporary demonstration-exhibition purposes require the resident end-user or potential purchaser to obtain a temporary admission certificate from Chilean Customs Authorities. Said goods are taxed based upon the number of days they are in the country, starting at 2.5% for goods brought in for 1-15 days, etc., for 16 to 30 days 5%, for 31 to 60 days, 10%, for 61 to 90 days, 15%, for 91to 120 days, 20%, and for more than 121 days, 100%. An additional tax of 10% on the customs value is levied upon application for an extension of the period.

Samples are admitted duty free, provided they cannot be sold or used commercially. If they have commercial value, both the 8% duty and the 18% VAT are levied. Small size and limited quantity normally suggest to Chilean customs that the sample has no commercial value.
bridgat
 
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