Rajah & Tann Regional Round-Up
your snapshot of key legal developments in Asia
Issue 2 - Apr/May/Jun 2024
 

A Brief Summary of Indonesia's New Regulations on Imports

In recent months, Indonesia's Ministry of Trade has introduced two pivotal regulations aimed at refining the country's import policies. Ministry of Trade Regulation No. 36 of 2023 on Import Policies and Provisions, effective from 10 March 2024, supersedes earlier regulations and expands the scope of permissible imports, including residuals for production and specific business purposes. Concurrently, Ministry of Trade Regulation No. 3 of 2024 on Amendment of Import Policies and Provisions ("Regulation 3/2024"), enacted in March 2024, further amends import policies, focusing on goods such as plastics, chemicals, aircraft spare parts, and horticultural products. These regulations tighten import supervision to stabilise domestic trade and enhance regulatory oversight, particularly by broadening the range of used goods eligible for importation and updating import permit requirements for various categories of goods, including iron, steel, and textiles.


Importantly, Regulation 3/2024 introduces stricter controls on goods carried by passengers, setting limits on items like electronics, food, and cosmetics to manage their entry into Indonesia. The regulations also align import procedures with updated classifications under the Indonesian Customs Tariff Book 2022, influencing how businesses navigate import restrictions and compliance. While the amendments seek to enhance regulatory clarity and trade stability, ongoing evaluations and potential revisions highlight the dynamic nature of Indonesia's import framework. Businesses engaging in import activities must stay informed of these evolving regulations to ensure compliance, strategically plan for import permits based on commodity balance quotas, and monitor changes in Harmonised System Codes to mitigate operational risks and maintain regulatory alignment in the Indonesian market.


For more information, click here to read our Legal Update.



Please note that whilst the information in this Update is correct to the best of our knowledge and belief at the time of writing, it is only intended to provide a general guide to the subject matter and should not be treated as a substitute for specific professional advice.

 

Assegaf Hamzah & Partners
Jakarta Office
Level 36 & 37, Capital Place
Jalan Jenderal Gatot Subroto Kav 18
Jakarta 12710, Indonesia

Surabaya Office
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Lantai 11, Unit 08
Jalan Embong Malang No. 1, 3, 5,
Surabaya 60261, Indonesia
http://id.rajahtannasia.com


Contacts:

Ibrahim Sjarief Assegaf
Managing Partner
D +62 21 2555 7800
F +62 21 2555 7899
ibrahim.assegaf@ahp.co.id

Ahmad Fikri Assegaf
Senior Partner/Co-Founder
D +62 21 2555 7800
F +62 21 2555 7899
ahmad.assegaf@ahp.co.id

Bono Daru Adji
Senior Partner
D +62 21 2555 7800
F +62 21 2555 7899
bono.adji@ahp.co.id

Chandra M Hamzah
Partner
D +62 21 2555 7800
F +62 21 2555 7899
chandra.hamzah@ahp.co.id


Rajah & Tann Singapore LLP


Contacts:

Hamidul Haq
Partner
D +65 62320398
hamidul.haq@rajahtann.com

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