11 Aug 2014
MINISTER OF FINANCE REGULATION ON MANNER AND PROCEDURE FOR THE COLLECTION OF IMPORT AND/OR EXCISE DUTIES
This regulation of the Finance Minister, number 111/PMK.04/2013, was issued in August 2013. It regulates the manner and procedure for import and excise duties collection as well as the sanctions for non compliance with the payment obligation.
The following are some of the highlighted provisions:
The regulation replaced Minister of Finance Regulation No. 24/PMK.04/2011 concerning Procedure for the Collection of Excise Duties, Article 16 of Minister of Finance Regulation No. 51/PMK.04/2008 on Procedure for Setting Tariffs, Customs Value, and Administrative Sanctions and Assessment by the Director General of Customs and Excise or Customs and Excise Official as already amended by Regulation No. 122/PMK.04/2011.
The regulation became effective 60 days after its promulgation, i.e. on 30 September 2013. (by: Olivia Saxer).