ANNOUNCEMENT 11 Mar 2010In March 2010, the government of Indonesia announced a change in import duties.
NUMBER OF INTERVENTIONS
Indonesian Ministry of Finance, 11 March 2010 (http://www.depkeu.go.id/Eng/Read/?type=ixPers&id=15005&thn=2010&name=PR_43_110310.doc)
On 11 March 2010, the Indonesian government introduced fiscal incentives in the form of importduty exemptions to industries of certain sectors. The exemptions are providedfor industries using imported goods and materials to produce goods and/or servicesunder the following criteria:
and under the following qualifications:
The new policies are stated in Regulation of theMinister of Finance No.42/PMK.011/2010 up to No. 55/PMK.011/2010 and are in effect from the date of stipulation until 31December 2010.