Jakarta - BPI Danantara Rosan Roeslani explained that Danantara Strategic Indonesia (DSI) is not the only company that can export.
According to Rosan, DSI will not take over all national commodity exports. The company is prepared as a selling agent, while exporters can still transact directly with buyers abroad.
This was conveyed by Rosan at the Presidential Palace Complex, Jakarta, Monday, July 21. The statement answered questions about the possibility of DSI becoming the sole export SOE after the monitoring system was fully implemented. According to Rosan, the next stage does lead to the function of a sales agent, not an export monopoly.
Exporters are still allowed to carry out contracts and deal with foreign buyers. The name of the DSI will be included in the transaction to ensure that the government can monitor prices and trade flows.
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Rosan said the main objective of the scheme was to detect under-invoicing practices or reporting transaction values lower than the actual price. The government will compare the selling price with the market index. The mechanism is mainly applied to coal exports, palm oil, ferroalloys, and their derivative products.
Rosan also conveyed that the government found an average difference of more than 30 percent between the export prices reported by business actors and the index prices. The difference was detected after cross-ministerial and agency export data were consolidated on one platform.
Rosan Roeslani said that monitoring has been carried out since June 1 for coal, palm oil, ferroalloys, and their derivatives. The monitoring is still in the evaluation period of three months.
Rosan has not mentioned the export value indicated using prices below the index or the potential state revenue that can be saved.
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