Indonesian Political, Business & Finance News

Purbaya Prepares 'Anti-Counterfeit' Excise Stamps with Advanced System

| Source: CNBC Translated from Indonesian | Economy
Purbaya Prepares 'Anti-Counterfeit' Excise Stamps with Advanced System
Image: CNBC

Jakarta, CNBC Indonesia - Finance Minister Purbaya Yudhi Sadewa has revealed plans to develop excise stamps using advanced technology. According to Purbaya, Peruri is partnering with a company that possesses technology capable of tracking sophisticated excise stamps.

The technology is called ‘Track and Trace’. According to him, this technology is more advanced than a barcode system. With this machine, he assures that excise stamps cannot be counterfeited.

“So, we are about to implement a new technology called Track and Trace from a company in cooperation with Peruri. With it, the excise stamps cannot be counterfeited; the stamps will be different, with smart digital features. Not a barcode, but a special scan, not a barcode, but something special and more advanced than a barcode,” said Purbaya at the Ministry of Finance office on Wednesday (28/8/2026).

According to Purbaya, the company partnered with Peruri is a foreign company. However, he was not yet able to disclose the company’s name.

“From abroad. But I cannot reveal the company yet,” Purbaya said.

Purbaya was also unable to disclose the investment value. However, he explained that this partner company will invest in Indonesia and the government will pay based on a certain percentage.

According to Purbaya, the system will be trialled over the next five years; if it does not have an impact on revenue, he will discontinue the excise stamps.

“We will try it for the next five years. If there is no additional income, I will stop it. Before I am replaced, I will stop it,” he said.

Regarding the Track and Trace machines, Purbaya said the government will install dozens of them in the initial phase.

The machines, Purbaya said, must be custom-made to order, which takes time. The equipment is currently being tested in Central Java and will be expanded in the future.

“There is one machine in Central Java. It will be expanded in the near future. Because within six months, if I am not mistaken, we will have 100 machines. Within nine months, around 240 machines,” he said.

View JSON | Print