Paper import duties cut

Paper import duties cut

JAKARTA (JP): The government has lowered import duties on
paper products to 20 percent from the previous range of 25 to 30
percent.

According to the Ministry of Finance's statement made
available to The Jakarta Post yesterday, the import duty
surcharge for paper was also reduced to five percent on Monday
from the previous 15 percent.

The government also abolished the import duty surcharge on
formic acid, a substance used for tire production.

The import duty for formic acid will, however, be maintained
at the current level of 20 percent.

The statement said the government has also reduced the import
duty for stainless steel wire rods, raw materials for the
production of bolts and screws, to five percent from 20 percent.
(hen)