Kamis, Februari 23, 2023

Minister of Finance Sets Export Prices for Export-Duty Calculations

The Minister of Finance (“Minister”) has now set applicable export prices (“Prices”) for export-duty (“Duty”) calculations for certain commodities through the issuance of Decree No. 3/KM.4/2023 (“Decree 3/2023”), which will remain in force between 1 February 2023 and 28 February 2023. However, it should be noted that any Prices that are determined based on Decree 3/2023 will remain applicable in relation to calculations of Duty after the applicability period for Decree 3/2023 has expired until a new Duty calculation basis is introduced.
In essence, Decree 3/2023 features Prices that apply in relation to Duty calculations for certain goods, as outlined under the Appendix to Decree 3/2023. Said goods encompass: 1) Wooden products (e.g. veneer, wood chips and processed wooden products) and leather products (e.g. raw animal hides, tanned skins and so forth); 2) Cacao seeds; and 3) Processed metal minerals and certain metal mineral products.
In terms of crude palm oil (CPO) and its derivative products, as well as cacao seeds, as featured under Regulation of the Minister No. 123/PMK.010/2022 on the Second Amendment to Regulation of the Minister No. 39/PMK.010/2022 on the Stipulation of Exported Goods That Are Subject to Export Duty and Export-Duty Tariffs (collectively referred to as “Regulation 39/2022”), the applicable Duty tariffs for said products should be determined based on the relevant product reference prices determined by the Minister of Trade.
It is also important to note that the types of exported goods subject to the imposition of Duty along with the relevant applicable Duty tariffs remain the same as those originally stipulated under Regulation 39/2022.

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The Minister of Finance (“Minister”) has now set applicable export prices (“Prices”) for export-duty (“Duty”) calculations for certain commodities through the issuance of Decree No. 3/KM.4/2023 (“Decree 3/2023”), which will remain in force between 1 February 2023 and 28 February 2023. However, it should be noted that any Prices that are determined based on Decree 3/2023 will remain applicable in relation to calculations of Duty after the applicability period for Decree 3/2023 has expired until a new Duty calculation basis is introduced.
In essence, Decree 3/2023 features Prices that apply in relation to Duty calculations for certain goods, as outlined under the Appendix to Decree 3/2023. Said goods encompass: 1) Wooden products (e.g. veneer, wood chips and processed wooden products) and leather products (e.g. raw animal hides, tanned skins and so forth); 2) Cacao seeds; and 3) Processed metal minerals and certain metal mineral products.
In terms of crude palm oil (CPO) and its derivative products, as well as cacao seeds, as featured under Regulation of the Minister No. 123/PMK.010/2022 on the Second Amendment to Regulation of the Minister No. 39/PMK.010/2022 on the Stipulation of Exported Goods That Are Subject to Export Duty and Export-Duty Tariffs (collectively referred to as “Regulation 39/2022”), the applicable Duty tariffs for said products should be determined based on the relevant product reference prices determined by the Minister of Trade.
It is also important to note that the types of exported goods subject to the imposition of Duty along with the relevant applicable Duty tariffs remain the same as those originally stipulated under Regulation 39/2022.

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