Good News For Importers, 4 These Goods Partary 0 Percent If Imported From South Korea

Illustration (Photo: Andry Winanto/VOI)

The government through the Directorate General of Customs and Excise decided to set an import duty rate of 0 percent for legal importers who import electric, electronic vehicles, petroleum, and heavy equipment from South Korea (South Korea).

Head of the Sub-Directorate for Public Relations and Customs Counseling Hatta Wardhana said the policy was contained in the Minister of Finance Regulation (PMK) Number 228 of 2022 concerning Determination of Import Duty Tariffs through the User Specific Duty Free Scheme (USDFS) IK-CEPA.

"This facility is a follow-up to the trade agreement between Indonesia and South Korea or the Indonesia-Korea Comprehensive Economic Partnership Agreement (IK-CEPA) which has been ratified through Law Number 25 of 2022 and has been officially implemented since the beginning of the year," he said in a press statement quoted on Sunday, February 5.

Hatta explained that importers can get this advantage as long as they have a permit to import certain raw materials in the context of IK-CEPA.

"The application for the use of this import duty tariff scheme can only be made by users with special status, such as customs partner companies (Mita) or authorized economic operators (AEO)," he said.

According to Hatta, the government hopes that business actors or industries (users) with customs status or AEO can maximize this USDFS IK-CEPA scheme, because this facility is considered capable of increasing productivity and quality of company production and can contribute positively to the national economy.

"To understand more detailed provisions regarding the implementation of this import duty tariff scheme, entrepreneurs can contact the official customs channel to obtain comprehensive information," he asserted.