FLGS – Global Finance Report

- Directorate General of Customs and Excise was completely overhauled 17 customs documents that do not follow the development of international trade today. One benefit of this reform is to detect the flow of foreign currency export proceeds held abroad.

“We are revising 17 customs documents which are no longer fit. One of them will be able to add items of choice in PEB documents (notice of export goods), the choice of banks that will be used to accommodate the results of its exports, whether foreign or foreign exchange banks in the country, “said Acting Director of Information Directorate General of Customs and Excise Customs and Excise Susiwijono Moegiarso in Jakarta, late last week. Documents are still using the 2001 standard.

According Susiwijono, an additional clause in the document that PEB will automatically provide information to the system of the Directorate General of Customs and Excise information about exporters who often keep its export proceeds abroad. The nature of the inclusion of foreign banks that used the information is indeed based on the principle of self-assessment (self diikrarkan by exporters) so that exporters honesty will be tested.

“If the exporter to provide information that is not in accordance with reality (for example, mentions that the money will be refunded to export products domestically through domestic banks, but may in fact kept outside the country), he will be exposed to heavy penalties for giving false information. Thus, the PEB step we should revise the document could be an effort to detect the flow of foreign exchange export proceeds it, “he said.

Outdated

Susiwijono said, starting in 2009 appears discourse requires all exporters using letters of credit (L / C) as the basis for payment of export so that the flow of foreign exchange export proceeds can be detected in the country. However, this method is less effective because the use of L / C is considered outdated. Exporters often use other payment means, among other special accounts in certain banks. Consequently, the obligation to use the L / C will be difficult to apply.

Effects, until recently the government through the Ministry of Commerce has four times the delay implementation of the obligation of L / C. Liability L / C was required to export results conducted Indonesian businessman will be reserves in the country. The plan, the export obligation by the L / C will take effect on July 1, 2010.

“On that basis, Customs and Excise consulted in order to create funds to exporters to enter the country without having to require the L / C. Incidentally we were revising the 17 documents. So, can we put those thoughts in this revision process, “said Susiwijono.

The entire document will be revised fundamentally flawed, that is not yet adjusted to the existence of free trade agreements between countries and antarkawasan, including the ASEAN-China Free Trade Agreement (ACFTA).

As a result, the government will not be able to detect the impact from the passage of these free trade agreements on the import or export growth