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New Processed Mineral Product Category for Export-Duty Calculations Introduced

Trade
  • The Minister of Finance ("Minister") has issued Decree No. 22/KM.4/2023 ("Amendment") on the Amendment to Decree of the Minister No. 18/KM.4/2023 on the Stipulation of Export Prices for Calculations of Exports Duty ("Decree 18/2023").
  • While the Amendment has not made revised any export prices for existing commodities, as described under Decree 18/2023 (i.e. wood and leather products and cocoa beans), it has now added a new category of products along with relevant details and export prices. The Amendment also regulates export prices for processed mineral products, which include a total of 269 different mineral export prices based on mineral content and types.
  • The inclusion of minerals and their established export prices under the Amendment will remain effective from 19 - 31 July 2023.
......

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  • The Minister of Finance ("Minister") has issued Decree No. 22/KM.4/2023 ("Amendment") on the Amendment to Decree of the Minister No. 18/KM.4/2023 on the Stipulation of Export Prices for Calculations of Exports Duty ("Decree 18/2023").
  • While the Amendment has not made revised any export prices for existing commodities, as described under Decree 18/2023 (i.e. wood and leather products and cocoa beans), it has now added a new category of products along with relevant details and export prices. The Amendment also regulates export prices for processed mineral products, which include a total of 269 different mineral export prices based on mineral content and types.
  • The inclusion of minerals and their established export prices under the Amendment will remain effective from 19 - 31 July 2023.
......

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