The Indonesia government is finalizing the second volume stimulus policy package to reduce the impact of the Corona outbreak on the economy. The contents of the economic stimulus package consist of fiscal and non-fiscal incentives.
The Coordinating Minister for the Economy Airlangga Hartarto said, one of the goals of the second stimulus package was to provide some ease in importation.
“The ease of import is one of them by reducing or eliminating the LARTAS ( = Larangan dan Pembatasan – prohibitions and restrictions) for certain sectors,” said Airlangga after holding a coordination meeting at his office on Wednesday (11/3).
Finance Minister Sri Mulyani further said that there were plans to be around 749 HS codes of goods that were removed.
“LARTAS regulations will be untighten so that the import of raw materials becomes simpler and easier,” said Sri Mulyani, who was also present at a coordination meeting at the Coordinating Ministry of the Ministry.
In addition to the elimination of LARTAS, the Director General of Customs and Excise Heru Pambudi said, the ease of import will also be provided through the delay of payment of import duties for a maximum of 30 days after import.
“So the settlement of all import duty obligations on imports are allowed to be made up to the 10th of the following month,” said Heru.
Heru said, the import facility was intended for certain importers classified as “Reputable Traders”, especially those included in the list of the Authorized Economic Operators (AEO) and Main Partners of the Directorate General of Customs and Excise.
“We work together with relevant ministries, especially the Ministry of Trade to apply the same principles while continuing to apply risk management,” Heru said.
source : kontan.co.id