REGULATION OF DIRECTOR GENERAL OF CUSTOMS AND EXCISE
NO. 08/BC/2005

ON
THE AMENDMENT TO REGULATION OF THE DIRECTOR GENERAL OF CUSTOMS AND EXCISE No. 04/BC/2005 ON TECHNICAL DIRECTIVES FOR DECREE OF THE MINISTER OF FINANCE No. 20/PMK.010/2005 ON THE EXEMPTION FROM IMPORT DUTY AND UNCOLLECTED IMPORT-TAX ON THE IMPORT OF GOODS BASED ON PRODUCTION SHARING CONTRACTS OF PETROLEUM AND NATURAL GAS

THE DIRECTOR GENERAL OF CUSTOMS AND EXCISE,

Considering:

In view of:

DECIDES:

To stipulate:

THE AMENDMENT TO REGULATION OF THE DIRECTOR GENERAL OF CUSTOMS AND EXCISE No. 04/BC/2005 ON TECHNICAL DIRECTIVES FOR DECREE OF THE MINISTER OF FINANCE No. 20/PMK.010/2005 CONCERNING THE EXEMPTION FROM IMPORT DUTY AND UNCOLLECTED IMPORT-TAX ON THE IMPORT OF GOODS BASED ON PRODUCTION SHARING CONTRACTS OF PETROLEUM AND NATURAL GAS.

Article 1

The provision in Article 7 of Regulation of the Director General of Customs and Excise No. 04/BC/2005 on technical directives for Regulation of the Minister of Finance No. 20/PMK.010/2005 concerning the exemption from import duty and uncollected import tax on the import of goods on the basis of production sharing contracts of petroleum and natural gas shall be amended so as to entirely read as follows:

"Article 7

In the transitional period, the following provisions shall be regulated:

1. Production Sharing Contracts (KPS) can use RIB/ML already securing validation from DJMGB as the basis for submission of application for exemption from import duty and uncollected import tax on the basis of Regulation of the Minister of Finance No. 20/PMK.010/2005.

2. RIM/ML already securing customs facilities from the Director General in this case the Director of Customs Facilities before April 1,2005 remains effective until the validity period expires.

3. BOP of Category II, which remains effective, can be settled by submitting list of goods to which the exemption is submitted, accompanied by PIB and other customs documents to secure the exemption from import duty and uncollected import tax on the basis of Regulation of the Minister of Finance No. 20/PMK.010/2005."

Article 2

The regulation shall come into force as from the date of stipulation.

For public cognizance, the regulation shall be published by placing it in State Gazette of the Republic of Indonesia.

Stipulated in Jakarta
On June 9, 2005
THE DIRECTOR GENERAL,
sgd
EDDY ABDURRACHMAN