Soybean import duty lifted

Soybean import duty lifted

JAKARTA (JP): The government has abolished its 20 percent
import duty on soybeans to curb further price increases of the
commodity in the domestic market.

The Ministry of Finance said yesterday that the move was
needed to stabilize soybean trading.

The ministry also announced an extension of its import duty
exemption facilities on the import of ship spare parts and ship
safety equipment.

The tax facility for the import of ship spare parts will be
valid through December. (hen)