Indonesian Political, Business & Finance News

Aircraft parts duty free

| Source: JP

Aircraft parts duty free

JAKARTA (JP): Minister of Finance Mar'ie Muhammad has issued a
ruling, extending the duty exemption on imports of components for
repair and maintenance of aircraft for another year.

Agus Haryanto, a spokesman for the ministry, said yesterday
that the ruling, which took effect on Aug. 14, also includes the
repair and maintenance of Indonesian airplanes overseas.

He said that the import tax immunity remains essential to
support the aircraft maintenance industry in the country and to
improve flight services to the public.

Components covered by the duty exemption ruling include parts
of aircraft body, rocket propelling engines and telecommunication
equipment.

Agus said that the ruling will not affect the general import
tariff regulations because the tax facility is issued only for
repair and maintenance purposes.

Aircraft companies should apply for the import tax exemption
to the director general of excise and duty, which will award the
facility on behalf of the finance minister, he said.(hen)

View JSON | Print