Jumat, Juli 21, 2023

Physical Development Progress of Refinery Facilities for Determinations of Export-Duty Tariffs for Metal Mineral Processing Products Revised

The Minister of Finance ("Minister") has issued the third amendment to Regulation of the Minister No. 39/PMK.010/2022 on the Stipulation of Exported Goods Subject to Export Duty and Export-Duty Tariffs through the issuance of Regulation of the Minister No. 71 of 2023 ("Third Amendment"), which has been in force since 17 July 2023.
Various changes have now been introduced under the Third Amendment, including: 1) Stipulated export-duty tariffs for exports of metal mineral processing products (collectively referred to as "Products") should be based on progress relating to the physical development of refinery facilities (collectively referred to as "Progress") and should amount to at least 50% completion of the relevant facilities (previously, no percentage was set); 2) Progress has now been divided into three stages, specifically: 1) Stage I = 50% - 70% of total facility development (previously figures of 0% - 30% were stipulated); 2) Stage II = 70% - 90% of total facility development (previously figures of 30% - 50% were stipulated); 3) Stage III = 90% - 100% of total facility development (previously a figure of > 50% was stipulated).
Appendices E – F to the Third Amendment set out a comprehensive and revised list of Products and corresponding export duties.

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*Syarat dan ketentuan berlaku

The Minister of Finance ("Minister") has issued the third amendment to Regulation of the Minister No. 39/PMK.010/2022 on the Stipulation of Exported Goods Subject to Export Duty and Export-Duty Tariffs through the issuance of Regulation of the Minister No. 71 of 2023 ("Third Amendment"), which has been in force since 17 July 2023.
Various changes have now been introduced under the Third Amendment, including: 1) Stipulated export-duty tariffs for exports of metal mineral processing products (collectively referred to as "Products") should be based on progress relating to the physical development of refinery facilities (collectively referred to as "Progress") and should amount to at least 50% completion of the relevant facilities (previously, no percentage was set); 2) Progress has now been divided into three stages, specifically: 1) Stage I = 50% - 70% of total facility development (previously figures of 0% - 30% were stipulated); 2) Stage II = 70% - 90% of total facility development (previously figures of 30% - 50% were stipulated); 3) Stage III = 90% - 100% of total facility development (previously a figure of > 50% was stipulated).
Appendices E – F to the Third Amendment set out a comprehensive and revised list of Products and corresponding export duties.

......

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