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Prepare for items imported from China to be taxed as much as 200%

by Chief editor of world-today-news.com June 29, 2024
written by Chief editor of world-today-news.com


Jakarta –

The Ministry of Commerce (Kemendag) says {that a} jumbo tax will probably be imposed on items imported from China. This was performed to fight the flood of imports from the Nation of Bamboo Curtains.

Concerning whether or not the tax will probably be as much as 200%, the Director Common of Overseas Commerce on the Ministry of Commerce, Budi Santoso, mentioned that he doesn’t reject the potential of this tax quantity.

“Sure, it may very well be (price 200%), relying on the outcomes of the examine. We are going to wait and it’s nonetheless occurring,” he instructed detikcomSaturday (29/6/2024).

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Budi mentioned there may be at the moment an investigation by the Indonesian Commerce Safety Committee (KPPI) relating to the flood of imports from China. If the inspection is full, import taxes or duties will probably be decided via the Safeguard Import Responsibility (BMTP).

“Actually, KPPI is at the moment investigating, as soon as the method is full, import duties will probably be decided instantly via the BMTP mechanism,” he defined.

Earlier than that, Commerce Minister Zulkifli Hasan (Zulhas) had additionally pressured that the federal government would tighten the entry or import of ceramic merchandise from overseas. A technique is to impose a big tax charge on ceramic imports.

“The Ministry of Commerce additionally imposes taxes on family ceramics or different imported items. So they are going to be taxed, if they arrive in from outdoors they’ve to fulfill SNI requirements, the tax is excessive in order that it doesn’t disturb the home ceramic trade. ,” mentioned Zulhas when he met with MSMEs in Purwakarta, West Java, on Friday (21/7/2024).

Zulhas mentioned he destroyed pottery from China that didn’t adjust to Indonesia’s Nationwide Requirements (SNI) in Surabaya. The whole variety of ceramics that don’t adjust to SNI is 4.7 million ceramics and the worth is IDR 80 billion.

Concerning the examine, KPPI Chairman Franciska Simanjuntak revealed that the examine was primarily based on a request for an extension examine submitted by the Affiliation of Varied Indonesian Ceramic Industries (ASAKI).

He defined that an investigation was additionally performed because it was discovered that the flood of ceramic tile imports affected home merchandise.

“From the preliminary proof of the request for an extension examine that was submitted, KPPI discovered that the Petitioner was nonetheless experiencing severe losses or severe threats and that the structural modifications being made had not been so good,” he mentioned. Franciska, in her assertion, introduced on Wednesday (26/6/2024).

(There are)

2024-06-29 08:30:39
#prepared #items #imported #China #taxed

June 29, 2024 0 comments
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Ministry of Trade Responds to Alleged Daihatsu Vehicle Safety Test Scandal in Jakarta
Business

Ministry of Trade Responds to Alleged Daihatsu Vehicle Safety Test Scandal in Jakarta

by Chief editor of world-today-news.com December 30, 2023
written by Chief editor of world-today-news.com

Jakarta –

The Ministry of Trade (Kemendag) through the Directorate General of Consumer Protection and Orderly Commerce (Ditjen PKTN) has opened its voice regarding the busy reporting on the alleged Daihatsu vehicle safety test scandal.

The Ministry of Trade held a meeting with PT Astra Daihatsu Motor (ADM) at the Ministry of Trade office, Central Jakarta, Friday (29/12) yesterday.

During the meeting, PKTN Director General Moga Simatupang asked PT ADM for clarification regarding the widespread reporting on the alleged Daihatsu vehicle safety test scandal. Moga also asked PT ADM to pay more attention to motorized vehicles produced and marketed in Indonesia so that they are safe for use by Indonesian consumers.

“As the government’s firm stance in consumer protection, the Ministry of Trade will continue to provide guidance to business actors on the importance of the security and safety of traded products,” said Moga in his statement, Saturday (30/12/2023).

Moga stated that the Directorate General of PKTN has the authority to ensure that business actors fulfill their obligations regarding consumer safety for goods traded in Indonesia. In this case, the motorized vehicles marketed by PT ADM are closely related to consumer security, comfort and safety.

“While waiting for the results of the sampling test (sampling) which will be carried out by the Ministry of Transportation, consumers are expected to remain calm and use their vehicles as usual. “The Ministry of Trade and other stakeholders will continue to strive to uphold consumer protection,” said Moga.

Then, Executive Officer, Corporate Function Directorate PT ADM Johan ensured that all Daihatsu vehicles produced, distributed and marketed in Indonesia had no quality and safety problems and met the regulations in force in Indonesia.

Apart from that, domestic deliveries have been made starting December 22 2023. Then, PT ADM has also returned to normal deliveries starting December 26 2023 to more than 60 export destination countries which have provided confirmation because they have been approved by the authorities of the export destination countries.

“Daihatsu products in Indonesia have met the technical safety and security requirements in accordance with regulatory standards in Indonesia. Apart from that, it is certain that the rumored products are not traded in Indonesia,” said Johan.

Furthermore, Johan said that Daihatsu products in Indonesia were not related to what happened in Japan. Daihatsu products in Indonesia have been tested by related parties to ensure that the vehicles are truly safe. Johan also explained that PT ADM has an information and consumer complaint channel.

“PT ADM has electronic mail services at hotline@daihatsu.astra.co.id and call center 1500898 as a form of providing consumer protection. These services make it easier for consumers to obtain information and submit complaints,” concluded Johan.

Quoted from detikOto, a few days ago Daihatsu just received the results of an independent committee investigation regarding procedural irregularities. From the results of the investigation, it was found that there were 174 new cases in 25 types of testing. This is different from finding deviations in door trim and crash test in May 2023.

During the investigation, procedural irregularities were found in 64 models and 3 engines of the Daihatsu, Toyota, Mazda and Subaru brands. Not only in the Japanese market, procedural irregularities were also found in Indonesia through cars produced at PT Astra Daihatsu Motor (ADM).

Then, in documents released by Daihatsu, the model allegedly involved in this scandal and sold in Indonesia is the Xenia. Meanwhile, from the Toyota brand for the Indonesian market there are Avanza and Veloz.

Daihatsu then decided to temporarily stop deliveries in the Japanese and global markets. It is known that in the global market, this Japanese brand only markets cars in Indonesia and Malaysia. When confirmed, PT ADM confirmed that vehicles produced in Indonesia had no problems both in terms of quality and safety.

“We have confirmed to the principals that all Daihatsu vehicles produced, distributed and marketed in Indonesia do not have quality and safety problems,” explained Astra Daihatsu Motor (ADM) Marketing and Planning & Communication Director Sri Agung Handayani to detikOtoThursday (21/12/2023).

(there are)

2023-12-30 08:15:29
#Ministry #Trade #Summons #Astra #Daihatsu #Explanation #Safety #Test #Scandal

December 30, 2023 0 comments
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Ministry of Trade Finalizing Revision of Permendag Number 50: Business Actors Object to Price Limit for Cross-Border Goods
Business

Ministry of Trade Finalizing Revision of Permendag Number 50: Business Actors Object to Price Limit for Cross-Border Goods

by Chief editor of world-today-news.com August 11, 2023
written by Chief editor of world-today-news.com

Jakarta –

The Ministry of Trade (Kemendag) is finalizing the revision of the Minister of Trade Regulation or Permendag Number 50 governing the provisions for Business Licensing, Advertising, Guidance and Supervision of Business Actors in Electronic Trading (PPMSE).

However, there are still business actors objecting to the regulation on the price limit for imported goods entering Indonesia, aka cross-border, which cannot be below US$ 100 or Rp. 1.5 million (exchange rate of Rp. 15,000). Cross border are goods imported from abroad and reach the consumers directly.

“Not a protest (business actors). The name of the government listens to input. So from yesterday the minister received Shopee, accepted this, before it was decided,” said Secretary General of the Ministry of Trade Suhanto Friday (11/8/2023).

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“(Response of e-commerce, what is the consideration that the revision has not been completed?) That is the US$ 100 limit,” he added.

So currently the Minister of Trade Zulkifli Hasan alias Zulhas is still open for input from business actors. In essence, the Ministry of Trade wants the revised rules to be in favor of all segments, both business actors and MSMEs.

“So, this will continue tomorrow tomorrow, he is this person, don’t make decisions later that are not applicable, that’s all. Actually, in substance, what he always conveys is what he conveyed,” explained Suhanto.

Suhanto explained that the harmonization process is still ongoing. “This will still be discussed between ministries/institutions with industry and the Ministry of Finance,” he continued.

Previously, Zulhas emphasized that later in the revision of the rules there will be a limit on the price of foreign goods entering Indonesia online, aka cross-border, that is, it cannot be below US$ 100 or Rp. 1.5 million (exchange rate of Rp. 15,000). Cross border itself is goods that are imported from abroad and reach consumers directly.

Later the sales rules for e-commerce and social commerce will also be differentiated. So for social commerce which is social media but also provides buying and selling transactions, it must have a trading business license.

“If it’s just social, it’s just social (social media), if it’s commerce it means selling. Later for selling you have to have another license to trade, two permits,” he told detikcom at the detiknetwork office, Tendean, South Jakarta, Tuesday (8/8/2023 ).

(ada/hns)

2023-08-11 15:49:10
#Entrepreneurs #Apparently #Object #Prohibition #Imported #Goods #IDR #Million

August 11, 2023 0 comments
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Business

“Thai Baht strengthens as export numbers beat expectations”

by Chief editor of world-today-news.com April 26, 2023
written by Chief editor of world-today-news.com

A money manager from Bank of Ayudhya revealed that the baht closed this evening at 34.21 baht / dollar, strengthening from the morning market opening at 34.34 baht / dollar.

During the day, the baht appreciated in the range of 34.17-34.37 baht / dollar. Today, the baht moved in an appreciation direction after the Ministry of Commerce. Reported export numbers for the month of March. which came out much better than what the market expected In addition, the trade surplus in the past 12 months has turned around, which is a factor supporting the appreciation of the baht.

“export numbers” came out better than expected Because the market expects to be -14%, but the actual figure is only -4% and still has a trade surplus, which encourages the baht to appreciate. While regional currencies move mixed. That is, there are both depreciation and appreciation, “the money manager stated.

Money managers expect that the baht will continue to strengthen tomorrow. Look at the movement within the range of 34.10 – 34.35 baht / dollar.

  • important factor

  • The yen was at 133.41 yen/dollar from the morning 133.51 yen/dollar level.
  • The euro was at $1.1042 from an session of $1.0974.
  • The SET index closed today at 1,543.95 points, an increase of 3.75 points (+0.24%), trading value at 42,480 million baht.
  • Group Trading Volume Summary Foreigners net buy 1,437.22 million baht (SET+MAI)
  • Ministry of Commerce March 2023 exports were valued at $27,654 million, down 4.2%, better than market expectations.

That it will decrease by 2 digits, while imports were worth $ 24,935 million, down 7.1%, resulting in a trade surplus of 2,718 million.

The dollar, returning to the trade surplus for the first time in 12 months, continues to drive export growth this year to meet its target of 1-2%.

  • Finance Minister expects Thai exports will begin to recover from the middle of this year onwards Although the global economy is still

during the slowdown because people believe that people will begin to adjust their spending behavior to suit their purchasing power which will contribute to increasing purchasing power in the world market

to increase ready to believe The tourism sector also contributes greatly to the Thai economy this year.

  • US Treasury Secretary issued a warning to Congress that if the government’s debt ceiling is not approved and lead to defaults on debt payments

Will result in the US economy facing disaster. And will increase interest rates in the coming years.

  • Analysts expect the Indian rupee to tends to depreciate against the US dollar due to anxiety

about the crisis in the US banking sector As a result, investors avoid investing in risky assets. and turned to hold the dollar, which is a currency

safe money

  • Germany releases consumer confidence index Rising to -25.7 level during the entry into May. from -29.3 in the month

April, the seventh consecutive month of increase due to falling energy prices and wage increases Help alleviate initial concerns about

with the loss of household purchasing power


2023-04-26 10:33:00
#Thai #baht #market #conditions #closed #appreciated #exports #March #expected #frame #tomorrow

April 26, 2023 0 comments
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Business

The money difference guarantees the income of rice 65/66, the 22nd installment of Dec. Kor. Sor. What date did you transfer? Check now.

by Chief editor of world-today-news.com March 11, 2023
written by Chief editor of world-today-news.com

Mr. Udom Srisomsong, Deputy Director-General of the Department of Internal Trade, revealed that the sub-committee supervised and set the central criteria for project reference.Income insurance for rice farmers has considered the benchmark reference price and compensation for the price difference Rice Farmer Income Insurance Program 2022/23 or “Rice Income Insurance 65/66” The 22nd installment is for farmers who notify the expected harvest date between 4 – 10 March 2023.

by Jasmine rice paddy outside the area received compensation for the difference of 376.73 baht per ton, the maximum amount of 6,027.68 baht per household, Pathum Thani rice compensation for the difference of 51.57 baht per ton, the maximum of 1,289.25 baht per household, andpaddy rice Compensation for the difference of 6.46 baht per ton, the maximum of 193.80 baht per household.

part sticky rice There is no compensation difference in this period. because the average price is higher than the income insurance price Jasmine rice The harvest season is over, with the Bank for Agriculture and Agricultural Cooperatives (BAAC) paying farmers who are eligible for the 22nd installment on March 15, 2023.

For the 1st – 21st installments, farmers have already received the income insurance difference of 2.615 million households, amounting to 7,857.49 million baht, and assistance per thousand baht per rai or “subsidy to farmers 1,000 baht per rai” has received more than 4.635 million households, amount 53,965.93 million baht

For farmers who have received the right but have not yet received the money, please contact the Bank for Agriculture and Agricultural Cooperatives or the BAAC branch near their homes for BAAC to investigate further.

March 11, 2023 0 comments
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