- The Director-General of Customs and Excise ("Director-General") recently issued the Third Amendment to Regulation of the Director-General No. PER-14/BC/2019 (Second Amendment) on the Amendment to Regulation No. PER-01/BC/2016 ("Regulation 1/2016") on the Governance of Bonded Logistics Centers through the issuance of Regulation No. PER-23/BC/2023 ("Third Amendment"), which has been in force since 14 December 2023.
- The Third Amendment sets out several additional provisions that address: 1) Bonded Zones (i.e. bonded stockpiles [Tempat Penimbunan Berikat - "TPB"] for the stockpiling of imported goods and/or goods originating from other places within customs areas in order to be processed or combined before being exported or imported for use); 2) Bonded Zone Organizers/Bonded Zone Entrepreneurs; 3) Bonded Zone Entrepreneurs acting concurrently as Bonded Zone Organizers.
- The procedures for entries and releases of goods in the form of finished products of Bonded Zones that are deposited in bonded logistics centers (Pusat Logistik Berikat - "PLB") are listed under the Appendices to this Third Amendment.
- The Third Amendment is set to come into force 30 days after its date of promulgation.
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