The Ministry of Environment and Forestry (“
Ministry”) has issued Regulation
No. P.64/MENLHK/SETJEN/KUM.1/12/2017 on Benchmark Pricing for Forestry Products for the Calculation of Forestry Provisional Fees and Stumpage Compensation (“
Regulation 64/2017”).
Regulation 64/2017 essentially incorporates new benchmark prices for a number of new forestry commodities, specifically non-timber products produced through sylvopastural system and sylvofishery systems. These new benchmark prices will be used in order to calculate any Provisional Forestry Fees (Provisi Sumber Daya Hutan - “PSDH”) and Stumpage Compensation (Ganti Rugi Tegakan - “GRT”) which are payable by forestry businesses.
......