Jakarta-Indonesia, Exemption of import duty is ditetapkaan in Ministry of Finance (PMK) No. 76/MK.011/2012, according to the Ministry of Finance a written press statement on Tuesday. FMD is a change in FMD 176/PMK.011/2009 numbers.
Exemption from import duty, will provide stimulation for motor vehicle parts industry for product development especially cheap and environmentally friendly cars.
This regulation will also increase the potential for misuse of supervisory duties through the settings on the machine and the transfer of goods and materials, reporting obligations and the realization of the import monitoring mechanism for the goods.
Import duty free up government machinery and goods for industrial development, in order to support increased investment and the program of national motor vehicle industry.
This regulation, also will provide legal certainty for companies that have obtained the import duty exemption facility, but not realizing the whole importation of goods and materials within four years.
PMK was published on May 22, 2012 and shall come into force after 30 days from the date of promulgation.
Appropriate new PMK, a company that has not realizing importansi in four years because of the provisions of the commercial import of import quotas, can be given an extension period of imports for one year.
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