ANNOUNCED AS TEMPORARYNo
Import licensing requirement
On 29 December 2015, the Indonesian Ministry of Trade issued regulation 127/M-DAG/PER/12/2015 changing the regulations on importing used capital goods. The regulation replaces a 2013 regulation (cf. Related state acts).
Shortened Import Approval validity
The validity of the import approval for used capital goods was reduced from 12 months to 60 days with the possibility of one prolongation.
New Import Approval Requirements
The new regulation scraps the requirement of providing inter alia a Taxpayer Identification Number and replaces it with other documents, e.g. an import plan or detailed information about the imported goods. Also, approved importers will have to submit quarterly instead of monthly realisation reports.
The regulation shall come into force on 1 February 2016.
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