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Customs and Excise grants customs facilities to two companies in Banten, Jakarta
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s part of its role as trade facilitator for domestic businesses, Customs and Excise has granted two companies customs facilities in the form of a Bonded Logistics Center (PLB) and Bonded Zone.
PT Niaga Intijaya Perkasa, based in Cilincing, North Jakarta, was granted the PLB facility by the Jakarta Regional Customs and Excise office. The company will stockpile beverages containing ethyl alcohol as well as promotional items in the facility.
"Through this facility, the company will receive a number of customs facilities such as suspension of import duties, deferral of taxes, suspension of import permits, and a period of stockpiling of goods of more than three years," said Hatta Wardhana, Customs and Excise head of the Public Relations and Customs Counseling Sub-Directorate.
Meanwhile, Banten Regional Customs and Excise office has provided a Bonded Zone facility to the Banten-based furniture manufacturer PT Zinus Dream Indonesia. The company has an investment value of US$80 million, employing 1,500 workers who are mainly local residents surrounding the factory area.
Bonded Zone facilities are given to industrial companies whose product orientation is intended for export and/or for sale to other Bonded Zones. Export-oriented industrial or manufacturing companies will receive customs and taxation facilities including suspension of import duties, VAT, luxury tax (PPnBM) and Article 22 income tax (PPh); exemption from VAT, PPnBM, as well as excise duty.
Businesses who obtain Bonded Zone facilities can benefit greatly from the facility, one of which is time efficiency on goods delivery as physical inspections are not carried out at Temporary Storage Places (TPS/Ports).
At the same time, tax and customs facilities allow these businesses to set competitive prices in the global market while also saving on tax costs, guaranteeing the company's cash flow and production schedule. In addition, the process supports the government efforts in developing linkage programs between large, medium and small companies through a pattern of sub-contracting activities.
Hatta added that the provision of customs facilities was part of the government's program to increase exports and investment.
"We hope that the companies can take advantage of the customs facilities provided as optimally as possible, so that the facilities can provide a positive influence on the development of the company's business processes, both in terms of acceptance as well as absorption of labor which will certainly have a significant impact on economic growth. With optimal utilization of facilities, the export rate will be maximized so that national economic recovery can be achieved," he concluded.
