Wednesday, 16 September 2009

Government Imposes Safeguard Measures on Dextrose Monohydrate Products

The Government was taking safeguard measures in the form of specific entry tax on every imported Dextrose Monohydrate originating from China, France, Italy and South Korea through stipulation of the Regulation of the Ministry of Finance No. 133/PMK.011/2009 dated August 24, 2009.

“Based on observation result of the Committee of Indonesian Trading Security [KPPI] for the observation period 2004-2007, there has been a shoot up of examined imported products resulting serious loss in domestic products; therefore the ministry of Trade proposed imposition of safeguard-action charges on Dextrose Monohydrate” remarked Head of KPPI Halida Melani.

This PMK Rules regulated the imposition of safeguard import tax on Dextrose Monohydrate with HS : 1702.30.10.00 and 1701.40.00.00, expect on glucose syrup, dextrose monohydrate pharma grade and maltodextine.
The period of Safeguard Import Tax: was imposed for 3 (three) years, specified as follows first year Rp. 2.700/kg, year II Rp. 1.400/kg and year III Rp. 2.100/kg. Further stipulation on the procedure of imposition of Safeguard Import Tax on Dextrose Monohydrate was regulated by Rules of the Director General of Customs and Taxation. This Regulation of the Ministry of Finance was effective for 3 (three) years from August 24, 2009 to August 23, 2012.

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