CERTIFICATIONS

Customs Duties

• It is a set of public law rules that have as an element of its factual assumption, the entry of goods into a customs territory, which is called import, or the exit of goods from a customs territory, which is called export.
• As a general rule, imports are subject to payment of the ad valorem duty or customs duty (6%) on their CIF value (cost of the goods + insurance premium + value of the transportation freight) and payment of VAT (19%) on their CIF value plus the ad valorem duty.

How much is the customs duty?

• As a general rule, imports are subject to payment of ad valorem duty or customs duty (6%) on their CIF value (cost of goods + insurance premium + value of freight) and payment of VAT (19%) on their CIF value plus ad valorem duty.

Tariff and Non-Tariff Restrictions

• Non-tariff regulations and restrictions (NTRs) are a measure of governments to regulate or restrict the entry or exit of goods between different countries in order to control the flow of goods, divided into quantitative and qualitative.

In Chile, which law regulates imports?

• Chilean Law – Law 18525. All goods imported from abroad are subject to the payment of duties established in the Customs Tariff or in other legal provisions that impose them.

Most common non-tariff barriers

• Import Licenses, Rules of Origin, Technical Standards, Sanitary, Phytosanitary and Zoosanitary Standards, Quantitative Restrictions on imports, are some of the typical examples of this type of import restrictions.

Physical inspection (“Aforo”)

• It is the activity in which Customs randomly recognizes the merchandise, verifying its nature and value, establishing its weight and measurements, classifying it in the tariff nomenclature and determining the applicable duties.

Customs Agent

• It is the natural or legal person authorized by the national superintendence of customs that officially represents the consignees or owners of the cargo.

Warehousing or Customs Warehouses

• It is the space provided to the cargo in the warehouses determined by the company as long as its clearance is requested.