Minister of Finance Updates Provisions on Import-Duty Exemptions for Export-Oriented Imported Goods

In a bid to improve customs services through procedures aimed at the simplification and enhancement of export-oriented import facilities (kemudahan impor tujuan ekspor– “KITE”) in the form of exemptions (“KITE Exemptions”), the Minister of Finance (“Minister”) has issued Regulation No. 149/PMK.04/2022 on Import-Duty Exemptions and the Non-Imposition of Value-Added Tax or Value-Added Tax and Luxury-Goods Sales Tax for Imports of Goods and Materials for Processing, Assembly or Installation as Parts of Other Goods Intended for Export Purposes (“Regulation 149/2022”).[1] Upon entering into force, Regulation 149/2022 simultaneously repealed and replaced the following: