Ministry of Trade has issued Regulation No. 33/M-DAG/PER/5/2012 (“Regulation”) on Procedures in Determining Benchmark Price for Mining Products. The Regulation, in general, outlines the procedure for determining export benchmark price or Harga Patokan Ekspor (HPE in the Regulation) for minerals and rocks, upon which export duties are based.
The determination of the HPE is based on four different prevailing benchmark prices (Article 4):
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a.
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International Market Highest Average Prices
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b.
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FOB Highest Average Prices
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c.
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Domestic Market prevailing Highest Average Prices
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d.
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Importing Country Highest Average Prices
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