Kamis, Mei 31, 2012

New Minister of Finance Regulation Imposes Export Duties to Encourage Minerals Processing

Minister of Finance Regulation No. 75/PMK.011/2012 (Regulation) regulates goods that are subject to export duties and determines their rates.

The regulation applies to exportation of:

-	Animal leathers, such as cow, buffalo, sheep, and lamb (see Appendix I);
-	Timbers, such as veneer, wood in chips or particle, and processed timber (see Appendix I);
-	Cacao Beans (see Appendix II);
-	Crude palm oil (29 derivative products) pursuant to Appendix III, and;
-	Mineral ores, 65 types of minerals comprising of 21 metal minerals, 9 non-metal minerals, and 33 rocks (see Appendix IV).

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Minister of Finance Regulation No. 75/PMK.011/2012 (Regulation) regulates goods that are subject to export duties and determines their rates.

The regulation applies to exportation of:

-	Animal leathers, such as cow, buffalo, sheep, and lamb (see Appendix I);
-	Timbers, such as veneer, wood in chips or particle, and processed timber (see Appendix I);
-	Cacao Beans (see Appendix II);
-	Crude palm oil (29 derivative products) pursuant to Appendix III, and;
-	Mineral ores, 65 types of minerals comprising of 21 metal minerals, 9 non-metal minerals, and 33 rocks (see Appendix IV).

......