Indonesian Political, Business & Finance News

Customs Demands Rp97 Billion in Duties and Fines from Tiffany & Co

| Source: CNBC Translated from Indonesian | Legal
Customs Demands Rp97 Billion in Duties and Fines from Tiffany & Co
Image: CNBC

The Directorate General of Customs and Excise (DJBC) at the Ministry of Finance has issued a customs assessment bill to Tiffany & Co, including fines, following an investigation into suspected administrative violations concerning imported goods. Director General of Customs Djaka Budhi Utama stated that the jewellery retailer had been served with a Customs Assessment Notice valued at Rp97.49 billion. The largest component is a fine of Rp78.50 billion, with the remainder comprising import duty, import VAT, and import income tax Article 22.

The audit by the Jakarta Regional Customs Office has been completed. The Customs Assessment Notice totals Rp97.49 billion, with the fine component amounting to Rp78.50 billion.

In February 2026, the Jakarta Regional Office of the Directorate General of Customs and Excise sealed three Tiffany & Co stores in the Senayan area of Jakarta. The sealing was part of an enforcement operation to improve customs and excise compliance. The operation targeted high-value goods suspected of not being declared on import declarations.

DJBC Jakarta Regional Office explained that the sealing was related to suspected administrative violations regarding goods imported by the American luxury jewellery store. The enforcement action followed instructions from the Minister of Finance to explore potential revenue streams beyond those routinely collected.

Authorities are currently compiling data on the jewellery items to ascertain whether they were registered in the import declaration. If they were not, appropriate action will be taken to enforce order and improve the company’s customs compliance. Research is ongoing, as documents declared by the company must be compared with those held by customs.

If the company is proven to have violated import administration rules, it must pay a fine of 1,000 per cent of the customs value or taxes in the context of imports, as stipulated in Law Number 17 of 2006 concerning Customs. The focus remains on administrative sanctions in the customs field, with efforts made to avoid criminal proceedings in line with directives to boost state revenue.

Following the sealing, the management or owner of the jewellery company is expected to provide a detailed explanation to the Directorate General of Customs and Excise Jakarta Regional Office regarding import documents. The goods have been secured in their safes and the stores sealed until the administrative party or owner provides clarification on whether state levies were paid at the time of import.

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