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AMENDS THE SYSTEM OF DRAWBACK TO NON-TRADITIONAL EXPORTS, AS LAID DOWN IN LAW NO 18,480

Original Language Title: MODIFICA EL SISTEMA DE REINTEGRO A EXPORTACIONES NO TRADICIONALES, ESTABLECIDO EN LA LEY N° 18.480

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CHANGES THE SYSTEM OF DRAWBACK TO NON-TRADITIONAL EXPORTS, ESTABLISHED IN LAW N ° 18,480 Having regard to the fact that the National Congress has given its approval to the following Bill " Article 1 °.-Repeal the article 1 ° transitory of the Law No 18,768. Article 2-The annual list of goods excluded from the simplified system of drawback to non-traditional exports referred to in Law No 18,480 and which is to be fixed before 31 March 1990 may, exceptionally, be given until 30 June of the same year, and shall be drawn up on the basis of the customs tariff approved by the Decree of Finance No 679 of 1981. Article 3.-However, the items to be added in 1990 to the exclusion list approved by Decree No 82 of 1989 of the Ministry of Economy, Development and Reconstruction shall be governed by the following provisions: (a) To the NAB items referred to in the preceding paragraph, the corresponding equivalence shall be applied to the Harmonized System of Designation and Coding of Goods; (b) According to this breakdown of the Harmonized Tariff, the amounts shall be measured exported for each item in the first three months of 1990; (c) Those that have registered exports for amounts exceeding US$ 2,500,000, will be added to the list of previous years, with the rates of 5% or 0% that would have been if this special procedure is not applied. In any case, the corresponding NAB tariff item will appear in the list, with the observation that specifies the products within it will be excluded, and d) Those that have registered exports for amounts less than US$ 2.500,000, they will continue to enjoy the reimbursement rates determined by Decree No. 82 of 1989, of the Ministry of Economy, Development and Reconstruction. " And as soon as I have had to approve and sanction it, therefore promulgate and take effect as the Law of the Republic. Santiago, June 13, 1990.-PATRICIO AYLWIN AZOCAR, President of the Republic.-Carlos Ominami Pascual, Minister of Economy, Development and Reconstruction.-Alejandro Foxley Rioseco, Minister of Finance. What I transcribe to you for your knowledge.-Salute attentively to you-Jorge Marshall Rivera, Undersecretary of Economy, Development and Reconstruction.