| Issue Number : 4848ID Indonesian translation

Bappebti Introduces Sharia Based Physical Commodity Market

All goods, services, rights and other interests, as well as any derivatives thereof, that can be traded and that are subject to futures contracts, sharia derivative contracts and/or other derivative contracts are required to first be approved by Bappebti in order to be traded through physical commodity markets that are based on sharia principles

| Issue Number : 4836ID Indonesian translation

New Import Policy Tightens the Entry of Hand-Carry Goods from Overseas

Limits on the entry of non-commercial goods that comprise the personal belongings of passengers, transportation crews and border crossers have now been set. Said hand-carry goods that are limited in terms of their import into Indonesia broadly encompass the following: 1) Footwear: two pairs; 2) Bags: two pieces; 3) Textile products: five pieces; 4) Electronic goods: five units with maximum values of US$ 1,500; and 5) Cellphones, laptops and tablets: two units.

| Issue Number : 4831ID Indonesian translation

New Sustainable Procurement Selection Document Model Introduced for Construction Projects

During construction project tenders, participants have the option of joining as sole proprietorships or may engage in joint operations (Kerja Sama Operasi KSO). However, a number of specific provisions must be fulfilled in order for KSO to join as participants, including requirements that relate to form, qualifications and KSO agreements

| Issue Number : 4806ID Indonesian translation

Provisions on Entries and Releases of Consignment Goods to and from Free Areas Applicable from March 2024

In essence, entries and releases of consignment goods to and from areas that have been stipulated as Free Trade Areas and Free Ports (collectively referred to as "Free Areas") are addressed under three applicable provisions, as follows: 1) To and from outside customs areas; 2) To and from other locations within customs areas; and 3) To and from other Free Areas, bonded stockpiling locations or special economic zones.

| Issue Number : 4805ID Indonesian translation

Framework for the Settlement of KITE-Secured Imported Goods via Non-Export Mechanism Introduced: Settlement Methods Now Expanded

Imported goods that have secured export-oriented import facilities (Kemudahan Impor Tujuan Ekspor "KITE") are permitted to be settled via non-export means ("Settlements"). The applicable methods for Settlements now include: 1) Destruction; 2) Damage; 3) Handover; 4) Sale; 5) Transfer; and/or 6) Return. Settlements themselves may be carried out by Companies that have received KITE in the form of exemptions (KITE Pembebasan Companies) and/or companies that have received KITE for small- and medium-scale industries (Industri Kecil Menengah/IKM) (KITE IKM Companies).

| Issue Number : 4792ID Indonesian translation

Updated Mechanism for AEO Recognition Introduced: Eligible Economic Operators and Mandated Responsibilities Now Expanded

While maintaining the list of economic operators ("Operators") that were previously deemed eligible to be recognized as Authorized Economic Operators ("AEO") (i.e. importers/exporters, carriers, Customs Service Management Companies [Pengusaha Pengurusan Jasa Kepabeanan/PPJK] and other parties related to the global supply chain), manufacturers have now been included on this list. Moreover, the following responsibilities of recognized AEO have now been incorporated: 1) Independent monitoring of the fulfillment of AEO terms and conditions; 2) Helping to improve understanding of laws and regulations that apply within the customs-and-excise sector; and 3) Displaying of the AEO logo in predetermined locations.

| Issue Number : 4779ID Indonesian translation

Minister of Trade Issues New Import Policy and Provisions

Minister of Trade Renews Import Policy and Provisions

| Issue Number : 4766ID Indonesian translation

Procedure for the Termination of Criminal Investigations Within the Excise Sector Introduced: Perpetrators May File Termination Requests by Settling Four Times the Initial Payable Excise Values

In the interests of state revenue, the Attorney General or other appointed officials may terminate investigations into certain crimes that occur within the excise sector (Excise Crimes) within six months of such requests being submitted by the Minister of Finance or other appointed officials. Excise Crime investigations may be terminated if the relevant Excise Crime perpetrators have first settled their payable administrative fines, which should amount to four times the initial payable excise values.

| Issue Number : 4741ID Indonesian translation

Additional Mandates for Physical Traders of Crypto-Assets Introduced in Line with the Prevention of PPSPM: Provision of Funds to DPPSPM-Listed Parties Now Prohibited

the Amendment also mandates that individuals and corporations should implement the immediate blocking of any funds that directly or indirectly belong to or that are controlled by other individuals or corporations listed under the DPPSPM. However, said immediate blocking will not apply under certain conditions that relate to the fulfillment of the obligations of sanctioned individuals or corporations

| Issue Number : 4728ID Indonesian translation

Mechanisms for NPPBKC Issuance Updated: TPB Permits May Now be Utilized as NPPBKC

The Regulation has now clarified which parties are mandated to secure Business Identification Numbers for Excisable Goods (NPPBKC), including: 1) Factory entrepreneurs; 2) Storage place entrepreneurs; 3) Importers of excisable goods (BKC); 4) Distributors; and 5) Retail sales place entrepreneurs

1