THE STIPULATION OF TARIFFS OF TAX ON PALM OIL, CRUDE PALM OIL AND THEIR DERIVATIVE PRODUCTS
(Decree of the Minister of Finance No. 387/KMK.017/2000 dated September 12, 2000) THE MINISTER OF FINANCE,
Considering :
a. That in the framework of developing domestic Crude Palm Oil (CPO) processing industries and boosting the growth of exports of commodities which can increase foreign exchange earnings, it is necessary to review tariffs of export tax on palm oil, CPO and their derivative products; b. That on the basis of the consideration as meant in point a, it is deemed necessary to stipulate a
decree of the Minister of Finance on stipulation of tariffs of export tax on palm oil, CPO and their derivative products.
In view of :
1. Law No. 20/1997 on non-tax state revenue (Statute Book of 1997 No. 43, Supplement to Statute Book No. 3687);
2. Government Regulation No. 22/1987 on kinds and remittance of non-tax state revenue (Statute Book of 1997 No. 57, Supplement to Statute Book No. 3694);
3. Presidential Decree No. 234/M/2000
4. Decree of the Minister of Finance No. 487/KMK.05/1996 on customs procedures in the export field, as already amended by the Decree of the Minister of Finance No. 59/KMK/.015/1997; 5. Decree of the Minister of Finance No. 488/KMK.05/1996 on customs inspection of exported
goods;
6. Decree of the Minister of Finance No. 335/KMK.017/1988 on procedures for payment and remittance of export tax on pal oil, crude palm oil, coconut oil and their derivative products.
DECIDES: To stipulate :
THE DECREE OF THE MINISTER OF FINANCE ON STIPULATION OF TARIFFS OF EXPORT TAX ON PALM OIL, CPO AND THEIR DERIVATIVE PRODUCTS
Article 1
The export of palm oil, CPO ad their derivative products as stipulated in column 2 of the attachment to this decree shall be subjected to export tax whose tariffs are as stipulated in column 4.
Article 2
(1) The calculation of the export tax as meant in Article 1 shall be as follows:
Export tax = Tariffs of Export Tax X Export Check Price (HPE) X Number of Units of Goods X Exchange rate
(2) HPE shall be a check price stipulated periodically by the Minister of Industry and Trade and come into force as from the moment of issuance of stipulation.
(3) In the case of any lateness in the issuance of HPE, the previous HPE shall remain effective up to the date of issuance of new HPE.
(4) In the case of HPT being not existent, the export tax shall be calculated the basis of FOB price mentioned in export declarations (PEB)
(5) The Exchange rate as meant in paragraph (1) shall the exchange rate stipulated periodically by Minister of Finance.
Article 3
Procedures for payment and remittance of export tax as meant in Article 1 shall be in accordance with the provisions stipulated in the Decree of the Minister of Finance No. 335/KMK.01/1998.
Article 4
With the enforcement of this decree, the Decree of the Minister of Finance No. 360/KMK.017/1999 on the stipulation of tariffs of export tax on palm oil, crude palm oil and their derivative products shall be declared null and void.
Article 5 This decree shall come into force as from the date of stipulation.
For public cognizance, this decree shall be published by placing it in State Gazette of the Republic of Indonesia.
Stipulated in Jakarta On September 12, 2000 THE MINISTER OF FINANCE
Sgd.
Attachment
TARIFF OF EXPORT TAX ON PALM OIL, CRUDE PALM OIL AND THEIR DERIVATIVE PRODUCT
No. Description Tariff Heading Tariffs of
Export tax
1. Oil palm and palm nuts 1207.10.000 5%
2. Crude Palm Oil (CPO) 1511.10.000 5%
3. Crude Olein (CRD Olein) 1511.90.000 2%
4. Refined Bleached Deodorized Palm Oil (RBD PO) 1511.90.000 2% 5. Refined Bleached Deodorized Palm Olein (RBD Olein) 1511.90.000 2%
THE MINISTER OF FINANCE Sgd.
