Import duty on IT goods lowered

Import duty on IT goods lowered

JAKARTA (JP): Import duty on electronic goods and information
technology based office equipment has been lowered from 10
percent to 5 percent, while that for electric devices has been
dropped from 5 percent to zero, Hadiyanto head of the law and
public relations bureau at the finance ministry said in a
statement on Monday.

The decision to lower import duty was part of the
implementation of Indonesia's commitment in the Information
Technology Agreement (ITA), aiming at improving the flow of
domestic products and competitiveness, he said.

Two raw materials for fertilizer, Trimin DF-500 and Montaline
SPVC S.3, were exempted from import duty, but for Montaline SPVC
S.3 the duty exemption lasts only until October 2000, to secure
materials for the domestic fertilizer industry, he added. (06)