The Director General of Customs and Excise, Djaka Budi Utama,\nannounced that his agency has imposed an administrative fine of\napproximately Rp98 billion on the jewellery company Tiffany & Co.\u00a0He\nstated that the audit process conducted by the Directorate of Customs\nand Excise Audit has been completed, and the authorities are currently\nawaiting the settlement of the fine.<\/p>\n
\u201cAs of now, the audit has been conducted, and we are simply waiting\nfor the payment from Tiffany & Co as the due date has not yet\narrived. We have imposed a fine of around Rp97 billion,\u201d Djaka said\nduring the APBN KiTa June 2026 press conference in Jakarta on\nFriday.<\/p>\n
It was previously reported that the Jakarta Regional Office of the\nDirectorate General of Customs and Excise sealed three Tiffany & Co\noutlets due to alleged administrative violations related to goods\nimportation. The three sealed stores are located in Plaza Senayan, Plaza\nIndonesia, and Pacific Place, Jakarta.<\/p>\n
Siswo Kristyanto, Head of the Enforcement Section at the Jakarta\nRegional Office of Customs and Excise, stated that the agency conducted\noperations targeting high-value goods that were allegedly not fully\ndeclared in the import notification documents. This practice is known as\nunder-invoicing, or reporting an import value lower than the actual\nvalue.<\/p>\n
\u201cWe conducted operations regarding high-value goods, where we suspect\nthere were items not declared in the import notification documents,\u201d\nsaid Siswo. According to Siswo, the company\u2019s owners and management have\nbeen given the opportunity to provide explanations to the Jakarta\nRegional Office of Customs and Excise regarding these findings. He also\nnoted that similar enforcement actions could be taken against other\nluxury jewellery stores in Jakarta if indications of violations are\ndiscovered.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/customs-imposes-rp98-billion-fine-on-tiffany-and-co-1780816011", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }