New regulations issued to speed up exports<\/p>\n
JAKARTA (JP): Minister of Finance Mar'ie Muhammad has raised
\nthe maximum value of goods or parcels that can be exported
\nwithout using the Export Notification Form from Rp 1 million to
\nRp 10 million (US$4,500).<\/p>\n
The new measure, designed to facilitate exports, notably those
\nof small firms, is stipulated in one of three decrees issued by
\nthe minister on Monday.<\/p>\n
The new ruling, Decree No.87\/KMK\/1995, stipulates the items
\nincluded in the goods or parcels worth up to Rp 10 million which
\ncan be exported without using the Export Notification Form. They
\nare goods belonging to travelers, persons moving overseas and
\nborder-crossers; diplomatic bags; goods for religious, sports and
\ncultural and humanitarian missions, items for surveys, as well as
\nexhibition materials, repair goods and commercial samples.<\/p>\n
Decree No.89\/KMK\/1995 exempts metal boxes and crates
\nclassified under the postal tariff of the Harmonized System for
\npackaging export goods, from import duty and other import levies.<\/p>\n
In another ruling, Decree No.88\/KMK\/1995, the finance minister
\nstipulates that companies located in industrial estates can apply
\nfor the Private Entrepot Facility for Export even though their
\nplants are still under construction.<\/p>\n
Applicants are required only to produce written statements
\nfrom the management of the industrial estates certifying the
\nlocation of their plant projects.<\/p>\n
The decree says that when their plants have been completed and
\nare ready to begin production, the investors can ask for the
\nlocal customs and excise duty inspector to make a spot check.<\/p>\n
If the spot check concludes that the plants are indeed ready
\nfor operation, the inspector will immediately assign customs
\nofficers to supervise activities at the Private Entrepot for
\nExport.<\/p>\n
Previously, only companies which had started production were
\nallowed to apply for the facility.<\/p>\n
The three rulings became effective as of Feb. 14, according to
\nAgus Haryanto, chief of the legal and public relations bureau of
\nthe finance ministry. (vin)<\/p>",
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