Thursday, 24 July 2008

Import duty reduction for 14 group products

The government will speed up the import duty reduction for 14 raw materials used in the manufacturing of film and camera products in order to increase the growth of the real sectors. The raw materials are currently subject to import duties of between 10% and 40%. Industries that use the materials are facing tough competition from lower-cost, higher-quality imports.
This regulation is in Peraturan Menteri Keuangan No. 70/PMK.001/2008 about Import Duty Fee Regulation for Specified Imported Products. (Bisnis Indonesia, Fri May 16, p. 1)

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