\u201cWe will continue implementing contracts already held by all\ncompanies,\u201d Danantara Chief Operating Officer Dony Oskaria told the\npress at the Parliament Complex in Jakarta on Monday.<\/p>\n
He emphasized that existing agreements would continue as usual,\nprovided they do not involve practices such as under-invoicing or\ntransfer pricing.<\/p>\n
Under-invoicing refers to the deliberate reporting of prices below\nactual transaction values, while transfer pricing involves setting\nprices for goods, services, or intangible assets exchanged between\naffiliated entities within a corporate group.<\/p>\n
Oskaria made the remarks following the government\u2019s decision to\ndesignate DSI as the sole entity responsible for managing and\nsupervising reports on strategic natural resource exports.<\/p>\n
Also serving as head of the State-Owned Enterprises Regulatory Agency\n(BP BUMN), he said the government has begun developing a digital system\nto strengthen oversight and improve transparency in natural resource\ntransactions.<\/p>\n
On May 31, Coordinating Minister for Economic Affairs Airlangga\nHartarto announced that all natural resource exporters would be required\nto report their export activities to DSI, with the initial phase of\nimplementation beginning on June 1.<\/p>\n
The reporting process will be conducted through the Customs Excise\nInformation System and Automation (CEISA) 4.0 platform operated by the\nDirectorate General of Customs and Excise under the Ministry of\nFinance.<\/p>\n
Airlangga explained that the first phase of the single-channel export\npolicy covers coal, palm oil, and ferroalloys. The policy will be\nevaluated after three months before moving to full implementation on\nJanuary 1, 2027.<\/p>\n
He added that the transition period is intended to give businesses\nand exporters sufficient time to adapt to the new reporting\nmechanism.<\/p>\n
Related news: DSI not export broker, only provides service fees:\nDanantara<\/p>\n
Translator: Putu Indah, Tegar Nurfitra<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/danantara-says-new-dsi-policy-wont-affect-existing-export-deals-1780920824", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }