Determining Export Benchmark Prices for Mining Products ? Mineral Export Ban Aftermath

As a follow up to the recently implemented mineral export ban,[1] the Minister of Trade (“Minister”) has issued Regulation No. 06/M-DAG/PER/1/2014 of 2014 on Procedures for Determining the Export Benchmark Price of Processed Mining Products Subject to Export Duties (“2014 Regulation”).

In summary, the 2014 Regulation sets out the procedures for determining Export Benchmark Prices (Harga Patokan Ekspor – “HPE”) for processed minerals. HPE is the basis for the Minister of Finance to calculate and impose export duties.