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๐Ÿ‡ฎ๐Ÿ‡ฉ Indonesia /Economy & Trade

Indonesia's Banten Customs grants fast-track bonded zone permit to boost exports

From Republika · () Indonesian

Translated from Indonesian, summarized and contextualized by DistantNews.

At a glance

News Official statement New plan
  • Customs and Excise Office Banten granted bonded zone facility to PT Suma Artha Perkasa in under an hour.
  • The facility aims to boost industrial competitiveness and national export growth.
  • PT Suma Artha Perkasa exports to the US and plans further global expansion, having invested $1 million and created local jobs.

The Customs and Excise Office of Banten has expedited the process for granting a bonded zone facility to PT Suma Artha Perkasa, issuing the permit in less than an hour. This swift action underscores the office's commitment to supporting industrial competitiveness and driving national export growth.

This stage aims to provide a comprehensive overview of the business processes to be undertaken and their potential economic impact as our consideration in issuing the bonded zone facility permit.

โ€” Ambang PriyonggoExplaining the purpose of the business process presentation during the permit application.

Ambang Priyonggo, Head of the Banten Customs and Excise Regional Office, explained that the streamlined process involved a clear and transparent application, document review, site inspection, and business process presentation. "This stage aims to provide a comprehensive overview of the business processes to be undertaken and their potential economic impact as our consideration in issuing the bonded zone facility permit," Ambang stated.

Through the bonded zone facility, PT Suma Artha Perkasa will benefit from fiscal incentives, including deferred import duties, customs duty exemptions, and waivers on Value Added Tax (VAT), Luxury Goods Sales Tax (PPnBM), and Income Tax (PPh) Article 22 for specific activities. These incentives are designed to enhance operational efficiency and support business development.

Hopefully, this facility can be utilized optimally to support business development, increase production capacity, create new jobs, and expand export markets.

โ€” Ambang PriyonggoExpressing expectations for the benefits of the bonded zone facility.

PT Suma Artha Perkasa, located in Tangerang Regency, currently exports to the United States and is working to expand its market reach globally. The company has already realized an initial investment of $1 million and employs a workforce primarily from the local community. Company Director Vincent expressed gratitude for the rapid and responsive service, emphasizing their commitment to economic growth through the optimal utilization of the bonded zone facility while adhering to regulations.

We are committed to driving economic growth through the utilization of bonded zone facilities while complying with applicable regulations.

โ€” VincentStating the company's commitment after receiving the facility.
DistantNews Editorial

Originally published by Republika in Indonesian. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.