The facilities will be given to the import of goods and materials used to produce goods and/or services in the interests of the public as well as to improve the competitive edge of certain sectors, according to Regulation of the Finance Minister No. 261/PMK.011/2010, a copy of which was made available here on Wednesday.
To obtain the facilities, industries engaged in certain sectors must meet four criteria, including producing goods and/or services in the interests of the public, improving the competitive edge of national industries, creating more jobs and increasing state revenues.
Under the regulation, the facilities will be given to imported goods and materials if they have not yet been produced domestically or they have been produced domestically but have not met the required specifications or still can not meet the domestic needs.
State revenues from import duties have been projected to reach Rp17.90 trillion under Law No. 9 of 2011 on the 2011 state budget. The figure includes government-borne import duties expected to reach Rp2 trillion this year.
(SYS/S012)
Editor: Suryanto
Copyright © ANTARA 2011
