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Sept 14, 2015
International trade exempted from BI rule
Import and export activities, as part of international trade, are exempted from the obligation to use rupiah in all transactions, according to an official with Bank Indonesia (BI).
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Sept 12, 2015
Govt revises rule to cut down on dwelling times
The Finance Ministry has revised a regulation on import duties as it aims to reduce the long dwelling times at ports.
The revision came following the government’s earlier vow to reduce average dwelling times to 4.7 days from 5.5 days. Of the average 5.5 days, 3.6 days are apparently spent on pre-customs clearance that involves verifications by various institutions. -
Sept 08, 2015
Tax increases to create major problems for RI's cigarette industry
Indonesia’s cigarette manufacturers are worried that the government’s plan to increase tobacco taxes by 23 percent -- as stipulated in the draft of the 2016 state budget (RAPBN) bill -- will have a serious impact on the cigarette industry.