- In an attempt to ensure the availability of raw materials for industry during the ongoing Corona Virus Disease 2019 ("COVID-19") pandemic, the Minister of Finance ("Minister") recently issued Regulation No. 68/PMK.010/2021 on Government-Borne Import Duty for Imports of Goods and Materials Used to Produce Goods and/or Services by Certain Industrial Sectors Affected by the Corona Virus Disease 2019 Pandemic During 2021 ("Regulation").
- Under the new regulation, Government-Borne Import Duty (Bea Masuk Ditanggung Pemerintah – "BM DTP") will be granted for imports of goods and materials by certain industrial sectors affected by the COVID-19 pandemic ("Certain Industrial Sectors"). The complete list of goods that can be granted BM DTP can be found under Appendix B of the Regulation.
- The procedure for the securing of BM DTP breaks down as follows: 1) Submission of an electronic application to the Minister through the SINSW portal along with the relevant required information (i.e. company identity, list of goods/materials for which BM DTP is being applied for, invoice and packing list, import customs notification and recommendation letter from an authorized official) on the company operating within Certain Industrial Sectors; 2) Examination of the submitted application by authorized officials; 3) Granting of an approval for the application within three hours of the relevant application being duly received; and 4) Issuance of a decree of the Minister on the granting of the BM DTP.
- This Regulation has been in force since 22 June 2021.
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