- While the most recent classification of goods units (“Units”), as utilized in customs export notifications (“Notifications”), was only recently introduced on 11 October 2024 via the issuance of Decree of the Minister of Finance (“Minister”) No. 45/KM.4/2024 (“Decree 45/2024”), the Minister has now subsequently decided to adjust the Units that are utilized in Notifications of palm oil derivative products, as outlined under Decree 45/2024, through the issuance of Decree No. 49/KM.4/2024 (“Decree 49/2024”), which has been in force since 25 October 2024.
- While the enforcement of Decree 49/2024 has resulted in the repeal and replacement of Decree 45/2024, the new framework still retains the majority of the Units that were previously outlined under Decree 45/2024. In this regard, it should be noted that the listed Units should be utilized in Notifications for releases of goods from the following areas lying outside customs areas: 1) Free-trade areas and free ports (Kawasan Perdagangan Bebas dan Pelabuhan Bebas/KPBPB); 2) Special economic zones (Kawasan Ekonomi Khusus/KEK); and 3) Bonded storage areas (Tempat Penimbunan Berikat/TPB).
- The new framework of Decree 49/2024 has specifically adjusted the applicable Units that are utilized in Notifications for exports of palm oil derivative products. Moreover, the commodity name outlined under the framework has been adjusted from “Crude Palm Oil and Derivative Products” to “Palm Oil Derivative Products”. In addition, Decree 49/2024 has newly included one additional Unit for palm oil derivative products that fall under Harmonized System (HS) Code 2306.60.90.
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