“Progressive tariff” for export duties CPO
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Name: yulyanto
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About: I was born on July, 16th of 1979, after graduate from senior high school on 1996, I was continued my study at University of Persada Indonesia YAI (Jakarta) on 2002, majoring in Bachelor of Accounting and then continue my study in the same institution, success to get Master of Management especially Finance Management on 2005, after finish my first master degree in management, I’ve got the second Master of Law at University of Indonesia (Jakarta), especially in Economics Law on 2007 by office‘s scholarship. Since graduate from senior high school, I have been working at PT Sanwell Austindo - Jakarta (www.austindocorporation.com), my last position as a Finance Manager, and then start on May 2007 I have been moving as a Marketing Manager. Besides of that until now I am still responsible as an Internal Control Manager at PT Austindo Perdana - Bali (austindo group). I am very interest with writing world, and have been contributed my opinion by some media, like’s science journal, articles, blogs and in my personal website too. (www.yulyanto.multiply.com).See Authors Posts (193) • March 17th, 2008
Chairman of Palm Oil Association (GAPKI), Derom Bangun, expected and optimistic to increase the export of Crude Palm Oil (CPO) this year by around 27 percent, although the government begin to implementing the new tariff for export duties of CPO.
In 2007, Indonesia was exported around 11 million tons of CPO, a drop of 9 percent from 12.1 million tons in the previous year despite an increase in production from 15 million tons in 2006 to 17 million tons last year.
GAPKI was estimated that the country would be produce 18.4 million tons of CPO this year, consist of, 14 million would be exported, 4 million tons set to be consumed domestically, mostly as raw material for cooking oil, and the remaining around 400,000 tons to be used in biodiesel projects.
The government recently issued a new “progressive” tariff on export duties which states that CPO priced between US$1,100 and $1,200 per ton will be charged a duty of 15 percent per ton. The duty will increase to 20 percent if the price is between $1,200 and $1,300 and to 30 percent if the price exceeds $1,300 per ton.
Topic: Business, Economic Growth, Industry, News
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Alan Steiner
Was there a tariff prior to this “new progressive tariff?” If so what was the rate? Thanks.
March 19th, 2008 at 7:30 pm