The Minister of Trade recently updated the export provisions through the issuance of Regulation of Minister of Trade Number 23 of 2023 (Regulation 23/2023), which revokes and replaces Regulation of the Minister of Trade Number 19 of 2021 (Regulation 19/2021) and its amendments. Regulation 23/2023 has been in force since 17 July 2023.
Updated export provisions are necessary for all exporters. Therefore, this legal update will summarize various matters that are affected by the issuance of Regulation 23/2023. The following is a summary of the comparison between Regulation 19/2021 and Regulation 23/2023:
|Areas||Regulation 19/2021||Regulation 23/2023|
|Export Requirements||Exporters must obtain:||For certain goods as listed under Appendix I of Regulation 23/2023, it is clarified that:|
|Other Required Supporting Documents for Exports of Certain Goods||Exporters must prepare other supporting documents for the exports of certain goods during the submission of export customs notification, as follows: ||It has now been specified that various data elements are required to be featured in any KH-12 and V-Legal documents that will be submitted, and these elements will be subject to examinations along with the submitted export customs notification.|
|Export Business License Exemptions||Both regulations state that certain exporters may be exempted from having to obtain certain licenses, with the following provisions:|
|Export Periods for Certain Mining Products and Processed Timber||Various export deadlines for certain commodities are featured under Regulation 19/2021 between 2021 and 2023.||The export periods of certain commodities are specifically regulated under Regulation 23/2023, as follows:|
By 1 June 2024, the above commodities are allowed to be exported for the following purposes:
2. Processed timber in the form of surfaced four sides (S4S), eased two edges (E2E) or eased four edges (E4E), with certain details:
Read More: Business Licenses for Clinics
ET Consultant is a Business Consultant and Legal Consultant Expert that provides support for local and multinational clients to start and manage their business operations in Indonesia. ET Consultant specializes in Business Incorporation, Licensing & Legal, Accounting & Taxes, Immigration, and Advisory Services.
Ready to find out more?
Excellent and Trusted Consultant (ET Consultant)
PPHUI Building Lantai 2 suite 210 Jl. H.R. Rasuna Said Kav. C-22 Kuningan
Jakarta Selatan, 12940 Indonesia.
Tlp : 021 5290 7039
Email : [email protected]