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Regulation Of The Minister Of Finance Number 118/fmd. 011/2012 Year 2012

Original Language Title: Peraturan Menteri Keuangan Nomor 118/PMK.011/2012 Tahun 2012

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REPUBLIC OF INDONESIA STATE NEWS

No. 697, 2012

REGULATIONS OF THE FINANCE MINISTER OF THE REPUBLIC OF INDONESIA NUMBER 118 /PMK.011/ 2012

ABOUT THE ASSIGNMENT OF THE CUSTOMS TARIFFS

IN THE FRAME ASEAN-KOREA FREE TRADE AREA (AKFTA)

WITH THE GRACE OF THE ALMIGHTY GOD THE FINANCIAL MINISTER OF THE REPUBLIC OF INDONESIA,

DRAWS: A. that in order to thoroughly enhance the economic cooperation between ASEAN member countries and the Republic of Korea, the Government of the Republic of Indonesia has ratified the Framework Agreement on Thorough Economic Cooperation Member States of the Association of Southeast Asian Nations and of the Republic of Korea (Framework Agreement on The Comprehensive Economic Cooperation Among The Members Countries of The Association of South East Asian Nations and The Association of Countries) Republic of Korea) with Presidential Regulation No. 11 of 2007;

b. that to follow the approval of the framework as referred to in the letter a, the Government of the Republic of Indonesia has ratified the Agreement on Thorough Economic Cooperation Agreement Between The Governments Of Indonesia. Member States of the Association of Asian Nations

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Southeast and Republic of Korea (Agreement on Trade in Goods Under the Framework Agreement on Comprehensive Economic Cooperation Among The Government of The Members Countries of The Association of South East Asian Nations and The Republic of Koreawith Presidential Regulation No. 12 of 2007;

c. that based on modalities contained in the approval as referred to in the letter b, has been rescheduled for the lowering of the import tariff in order to be used in the case of the letter b. ASEAN-Korea Free Trade Area (AKFTA);

d. that based on the terms of the letter a, the letter b, and the letter c above, and in order to carry out the provisions of Article 13 of the paragraph (3) of the Law Number 10 of 1995 on Kepabeanan as amended by the Law. The 17-year-old, in 2006, needs to establish the Minister of Finance Regulation on the Designation Of The Customs Tariffs In The ASEAN-Korea Free Trade Area (AKFTA);

Given: 1. Law No. 10 of 1995 on Kepabeanan (Gazette of the Republic of Indonesia in 1995 No. 75, Additional Gazette of the Republic of Indonesia Number 3612) as amended by Law No. 17 of 2006 (State Sheet) Republic of Indonesia Year 2006 Number 93, Additional Gazette Republic of Indonesia Number 4661);

2. 2007 Presidential Decree of the Comprehensive Economic Cooperation Among The Members Countries of The Association of South East Asian Nations and the Republic of Korea (Framework Approval Of Thorough Economic Cooperation Between The Governments Of The United Nations And The Republic Of Korea) (sheet Of State Of The Republic Of Indonesia Year 2007 Number 51);

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3. The Framework Agreement on Trade In Goods Under The Framework Agreement on The Comprehensive Economic Cooperation Among The Members Countries of The Association of South East Asian Nations and The Republic of Korea (Agreement on Trade of Goods In the Framework Agreement On Thorough Economic Cooperation Between State Governments-Member States of the Association of Southeast Asian Nations and the Republic of Korea) (State Sheet) Republic of Indonesia Year 2007 No. 52);

4. Presidential Decree No. 56/P of 2010; 5. Regulation of the Minister of Finance Number

213 /PMK.011/ 2011 on the Establishing Of The Goods Classification System And The Loading Of The Tarif Customs Over The Import Goods;

Pay Attention: The Letter Of The Minister Of Commerce Of The Republic Of Indonesia Number 1916/M-DAG/SD/12/2011 December 30, 2011;

DECIDED: Establishing: REGULATION OF THE MINISTER OF FINANCE ON THE DESIGNATION OF IMPORT TARIFFS ON THE FRAMEWORK OF ASEAN-KOREA FREE TRADE AREA (AKFTA).

Article 1

(1) Establits import tariffs on imports of goods from the country of the Republic of Korea and ASEAN countries in order ASEAN-Korea Free Trade Area (AKFTA), as set forth in the Attachment that is not a part of the Agreement.

(2) Against the designation of the customs tariffs as referred to in paragraph (1), the terms apply as follows: a. The designation of the customs tariffs as listed in the column (5)

and the column (6) of the Attachment, is the magnitude of the import tariff in ASEAN-Korea Free Trade Area (AKFTA) for the import of goods from all member states.

b. The designation of the customs tariffs as set forth in the column (5) of the Attachment, entered into force on the date of the Ordinance of the Minister, was promulred until 31 December 2015.

c. The assignment of custom tariffs as set forth in the column (6) of the Attachment, came into force on 1 January 2016.

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d. The designation of the magnitude of the customs tariffs as listed in the column (7) Attachment, is the magnitude of the import tariff in ASEAN framework (ASEAN)-Korea Free Trade Area (AKFTA) for the import of goods from the Republic of Korea as the application of lead principle Back.

e. In the event there is a custom tariff assignment for tariff posts in the column (5) and column (6) as it is referred to in the letter a which is also specified in the column (7), on the import of goods from the country of the Republic of Korea in effect the magnitude of the customs tariffs. as set forth in a column (7) as referred to in the letter d.

Article 2 of the import duties under the designation of the customs tariff as referred to in Article 1, is exercised under the terms of the following: a. Import tariffs in ASEAN-Korea Free Trade Area (AKFTA)

which is lower than the generally applicable import tariffs, only applied to imported goods equipped with the Origin Letter (Form AK) which has been signed by authorized officials in the countries concerned;

b. Importers are required to list the reference number of the Origin Letter of Origin (Form AK) as referred to in the letter a and the facility code in order ASEAN-Korea Free Trade Area (AKFTA), on the import notice of goods;

c. The original sheet of the Origin Letter (Form AK) in the framework of ASEAN- Korea Free Trade Area (AKFTA) as referred to in the letter a, is required to be delivered by the importer at the time of submission of the import notice of the goods as contemplated on the letter b in the Customs Office on the admission port; and

d. In terms of the generally lower applicable customs tariffs of the import tariffs in order ASEAN-Korea Free Trade Area (AKFTA) as set forth in the Attachment, the applicable tariffs are generally applicable customs tariffs.

Article 3

The provisions in this Ministerial Regulation apply to the import goods which documents the import notices of its goods have obtained registration numbers from the Customs Office of the port of admission.

Article 4 of the Director General of Bea and Excise duty is instructed to carry out provisions in the Regulation of the Minister.

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Article 5 At the time the Minister's Ordinance came into effect, the Regulation of the Minister of Finance Number 236 /PMK.011/ 2008 on the Designation Of The Customs Tariffs In Order ASEAN-Korea Free Trade Area (AKFTA) as it has changed with the Finance Minister Regulation Number 200 /PMK.011/2009, revoked and declared not to apply.

Article 6

This Finance Minister ' s Regulation is beginning to take effect on the date of promulgance. In order for everyone to know, order the authoring of the Minister of Finance Regulation with its placement in the News of the Republic of Indonesia.

Specified in Jakarta on 10 July 2012 MINISTER OF FINANCE REPUBLIC OF INDONESIA, AGUS D.W. MARTOWARDOJO

promulred in Jakarta on 10 July 2012 MINISTER OF LAW AND HUMAN RIGHTS REPUBLIC OF INDONESIA, AMIR SYAMSUDIN

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