Government's import duty waiver applicable on COVID-19 vaccines

Government's import duty waiver applicable on COVID-19 vaccines

 Illustration -  A bottle of COVID-19 vaccine  (ANTARA/Shutterstock/pri)

Jakarta (ANTARA) - The import of vaccine, raw material, and equipment for the production of vaccines will be entitled to a duty exemption in line with the Indonesian government’s plan to expedite inoculation against the coronavirus disease (COVID-19).

Finance Minister’s Regulation No. 188/PMK.04/2020 stipulates that the goods are exempt from import duty and/or excise, value added tax, or Luxury Sales Tax Law and article 22 of Income Tax Law, Director of International Customs and Inter Institutions of the Directorate General of Customs and Excise at the Finance Ministry Syarif Hidayat stated here on Monday.

The facilities are granted to the central government, regional governments, legal entities, or non-legal entity corporations assigned and appointed by the Health Ministry to import the goods, he remarked.

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Furthermore, the government will ease procedures for the release of goods with rush handling services through filing an application replete with the customs document and collateral.

The collateral will not be required when the finance minister has issued a decree on exemptions, and accordingly, the goods will not be subject to physical inspection, he expounded.

The facilities can also be granted through bonded logistics centers or issued through bonded zones or bonded warehouse, special economic zone, and free zone.

Applications for the facilities should be addressed to the finance minister via the chief of the Customs Office through which the goods are imported. (INE)

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