JAKARTA - The government through the Minister of Finance (Menkeu) Sri Mulyani decided to tighten the circulation of cigarette paper products, non-porous paper, and ceramic tile products from abroad in the domestic market.
The trick is to apply the Regulation of the Minister of Finance Number 157 of 2021 concerning the Imposition of Import Duty, Security Measures Against Imports.
Quoting the official broadcast of the Ministry of Finance on Wednesday, November 17, it was stated that the regulation was intended to reduce potential losses experienced by local producers. This is based on a study conducted by the Indonesian Trade Safety Committee on the circulation of imported products for the three goods.
Meanwhile, the implementation of the Minister of Finance Regulation (PMK) for paper products is carried out in two stages over two years with the provisions of the first year the amount of import duty is IDR 4 million per ton. Then for the second year, the amount of import duty that must be paid by the importer is IDR 3.96 million per ton.
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Meanwhile, ceramic tile products are subject to a 17 percent import duty in the first year. Then for the second and third years, the tariff will be 15 percent and 13 percent, respectively.
PMK 157 of 2021 concerning the Imposition of Import Duty Security measures against imports was signed directly by Sri Mulyani on November 8, 2021, ago.
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