ANNOUNCEMENT 18 Jul 2011In July 2011, the government of Indonesia announced a change in import duties.
NUMBER OF INTERVENTIONS
On 18 July 2011, Indonesia granted government borne import duties to materials used in the production of: alkyd resin, unsaturated polyester resin, amino resin, pigment phthalate, solution acrylic/synthetic latex and plasticizer.
"Government borne" means that the import duty will be refunded by the state. Even though the importer has to pay the regular duty upfront, the measure could also be regarded as a zero tariff for the importer.
This measure is aimed at increasing the value added in the local production of the above mentioned goods and is intended to boost the import of raw materials/intermediate goods rather than finished products. The measure is temporary and will expire on 31 December 2011.
An exact list of materials can be found in the annex of the regulation.