Indonesia: Amendment to Minister of Trade Regulation No. 27/2012 re. Goods Imports finally issued
Importers are likely to welcome the Minister of Trade’s (MOT) latest move in the import license saga which commenced with a Supreme Court decision of June 2011 striking down MOT Regulation No. 39 of 2010 regarding the import of finished goods by producers. Following the issuance of MOT Regulation 27/2012 (“Reg 27”), and in response to the several concerns which ensued, the MOT recently issued MOT Regulation No. 59/2012 (“Reg 59”). The key changes effected by Reg 59 relate to the widening of “special relationship” exemptions for both producers (“API-P holders”) and traders (“API-U holders”).
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