Stipulation of Export Prices for the Calculation of June 2021 Export Duties

s Ganda Christian Tobing
s Riyhan Juli Asyir
By Ganda Christian Tobing, Riyhan Juli Asyir
Ganda Christian Tobing
Riyhan Juli Asyir
Referring to Article 5 paragraph (1) of Government Regulation No.55 of 2008 concerning the Imposition of Export Duties on Exported Goods (Gov. Reg. 55/2008), export prices for the calculation of export duties are set by the Minister of Finance. In this regard, the Minister of Finance sets the export prices as per the export benchmark prices which are set periodically by the Minister of Trade after coordinating with the minister/head of non-departmental government agencies/heads of related technical agencies.
 
In this regard, the Minister of Finance has released the Minister of Finance Decree No. 19/KM.4/2021 concerning the Stipulation of Export Prices for the Calculation of Export Duties (MoF Decree 19/2021). Through the decree signed on 31 May 2021, the Minister of Finance stipulates export prices for the calculation of export duties on three types of commodities.
 
First, the export prices for the calculation of export duties on exported goods in the form of wood and leather. Details of export prices for wood and leather are listed in Appendix A of MoF Decree 19/2021. Referring to the appendix, export goods in the form of leather are segmented into three groups, i.e. raw hides and skins from animals, hides and pickled skins from animals, and tanned hides from animals.
 
Exported goods in the form of wood, on the other hand, are segmented into three groups, i.e. veneer, wood chips, and processed wood. As for veneer wood, the export price is set from US$400/M³ to US$800/M³ depending on the type. Furthermore, for wood chips, in the form of chips/shards and wood, the price is US$61/ton. Next, for processed wood, the export price is set at US$300/M³ to US$3,500/M³, depending on the type.
 
Second, the export prices for the calculation of export duties on exported goods in the form of cocoa beans. Details of export prices for cocoa beans are listed in Appendix B of MoF Decree 19/2021. Referring to the appendix, the export price of cocoa beans included in the HS Code 1801.00.00 is set at US$2,169/MT.
 
Third, the export prices for the calculation of export duties on exported goods in the form of metal mineral processing products and metal mineral products with certain criteria. Details of export prices for metal mineral processing products and metal mineral products with certain criteria are listed in Appendix C of MoF Decree 19/2021.
 
In addition to setting export prices, MoF Reg. 19/2021 includes reference prices set by the Minister of Trade for two types of commodities. First, the reference price for palm oil, Crude Palm Oil (CPO), and its derivative products as well as mixed products from CPO and its derivative products is set at US$1,223.90/MT. Second, the reference price for cocoa beans is set at US$2,455.82/MT.
 
Through this decree, the Minister of Finance also emphasizes that the types of exported goods subject to export duties and the amount of the export duty tariff are as stated in Appendix II of the Minister of Finance Regulation No. 166/PMK.010/2020 concerning the Second Amendment to the Minister of Finance Regulation No. 13/PMK.010/2017 concerning the Stipulation of Exported Goods Subject to Export Duties and Export Duty Tariffs (MoF Reg. 166/2020).
 
MoF Decree 19/2021 comes into force from 1 June 2021 to 30 June 2021. However, in the event that the export prices stipulated under MoF Decree 19/2021 have expired and new export prices are not yet stipulated, the export prices stipulated under MoF Decree 19/2021 shall remain in effect as the basis for calculating export duties until new export prices are set.