IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Outflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 01 Apr 2009 | Removal date: 31 Aug 2010
Still in force

Export-related non-tariff measure, nes

 On 5 March 2009, the Government of Indonesia imposed a regulation concerning the use of domestically issued letters of credit. The following three categories of goods are covered by this regulation: (i) Crude Palm Oil (CPO), (ii) Mined Goods (included are steel ores, coal, nickel, copper, aluminum); and (iii) Cocoa, Coffee, and Rubber. If the export value of such goods exceeds US$ 1,000,000, payment must be made by opening a Letter of Credit in a Domestic Foreign Exchange Bank. If the value of such exports is lower than US$ 1,000,000, another method of payment may be employed, with the proviso that a Domestic Foreign Exchange Bank be used. Such export proceeds, either for the payment by using a Letter of Credit or any other method, must be channeled through or received by a Domestic Foreign Exchange Bank (a foreign exchange bank operating under and in compliance with the prevailing laws and regulations of the Republic of Indonesia).
This regulation was revoked by regulation 27/M-DAG/PER/6/2010 on 24 June 2010.
 
 
 

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

016 Stimulant, spice & aromatic crops
0901 Coffee, whether or not roasted or decaffeinated; coffee husks and skins; coffee substitutes containing coffee in any proportion.
090111 Not decaffeinated
1801 Cocoa beans, whole or broken, raw or roasted.
180100 Cocoa beans, whole or broken, raw or roasted.
019 Forage; natural rubber; living plants; raw vegetable materials
4001 Natural rubber, balata, guttapercha, guayule, chicle and similar natural gums, in primary forms or in plates, sheets or strip.
400110 Natural rubber latex, whether or not prevulcanised
400121 Smoked sheets
400122 Technically specified natural rubber (TSNR)
400129 Other
032 Non-wood forest products
4001 Natural rubber, balata, guttapercha, guayule, chicle and similar natural gums, in primary forms or in plates, sheets or strip.
400130 Balata, guttapercha, guayule, chicle and similar natural gums
110 Coal & peat
2701 Coal; briquettes, ovoids and similar solid fuels manufactured from coal.
270111 Anthracite
270112 Bituminous coal
270119 Other coal
141 Iron ores & concentrates, other than roasted iron pyrites
2601 Iron ores and concentrates, including roasted iron pyrites.
260111 Nonagglomerated
260112 Agglomerated
142 Non-ferrous metal ores & concentrates
2602 Manganese ores and concentrates, including ferruginous manganese ores and concentrates with a manganese content of 20 % or more, calculated on the dry weight.
260200 Manganese ores and concentrates, including ferruginous manganese ores and concentrates with a manganese content of 20 % or more, calculated on the dry weight.
2603 Copper ores and concentrates.
260300 Copper ores and concentrates.
2604 Nickel ores and concentrates.
260400 Nickel ores and concentrates.
2606 Aluminium ores and concentrates.
260600 Aluminium ores and concentrates.
2607 Lead ores and concentrates.
260700 Lead ores and concentrates.
2615 Niobium, tantalum, vanadium or zirconium ores and concentrates.
261510 Zirconium ores and concentrates
216 Vegetable oils
1511 Palm oil and its fractions, whether or not refined, but not chemically modified.
151110 Crude oil
239 Food products n.e.c.
0901 Coffee, whether or not roasted or decaffeinated; coffee husks and skins; coffee substitutes containing coffee in any proportion.
090112 Decaffeinated
090121 Not decaffeinated
414 Copper, nickel, aluminium, alumina, lead, zinc & tin, unwrought
8001 Unwrought tin.
800110 Tin, not alloyed
800120 Tin alloys

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