REGULATION OF THE MINISTER OF FINANCE
No. 179/PMK.011/2007

CONCERNING
STIPULATION OF TARIFF OF IMPORT DUTY ON THE IMPORT OF DRILLING OR FLOATING PRODUCTION OR UNDER WATER PLATFORM

THE MINISTER OF FINANCE,

Considering:

• a. that in the framework of driving up the growth of petroleum and natural gas industry in the country, it is necessary to stipulate the tariff of import duty on the import of drilling or floating production or under water platform;
• b. that based on the consideration as intended in a. and in the framework of implementing the provision of Article 13 paragraph (2) of Law No. 10/1995 concerning Customs as amended by Law No. 17/2006, it is necessary to stipulate regulation of the Minister of Finance concerning stipulation of the tariff of import duty on the import of drilling or floating production or under water platform;

In view of:

• 1. Law No. 10/1995 concerning Customs (Statute Book No. 75/1995, Supplement to Statute Book No. 3612) that is amended by Law No. 17/2006 (Statute Book No. 93/2006, Supplement to Statute Book No. 4661);
• 2. Presidential Decree No. 20/P/2005;
• 3. Regulation of the Minister of Finance No. 110/PMK.01/2006 concerning Stipulation of Classification Systems of Goods and Stipulation of Tariffs of Import Duty on Imported Goods;

HAS DECIDED:

To stipulate:

THE REGULATION OF THE MINISTER OF FINANCE CONCERNING STIPULATION OF TARIFF OF IMPORT DUTY ON THE IMPORT OF DRILLING OR FLOATING PRODUCTION OR UNDER WATER PLATFORM

Article 1

In this regulation:

1. Customs Law is Law No. 10/1995 concerning Customs that is amended by Law No. 17/2006.

2. Customs Offices are offices within the Directorate General of Customs and Excise where customs liabilities are fulfilled in accordance with the provisions of the customs law.

Article 2

The import of drilling or floating production or under water platform (Tariff Post 8905.20.00.00), shall be subject to import duty tariff 0% (nil percent).

Article 3

The import duty tariff as intended in Article 2 shall apply fully to the import of goods whose Import Customs Notification secures registration number from customs offices overseeing the importing ports as from the date of enforcement of this regulation.

Article 4

Following the enforcement of this regulation, provisions on the stipulation of tariff in Tariff Post 8905.20.00.00 as stipulated in Regulation of the Minister of Finance 110/PMK.01/2006 concerning Stipulation of Classification Systems of Goods and Stipulation of Tariffs of Import Duty on Imported Goods shall be declared null and void.

Article 5

The regulation shall come into force as from January 1, 2008.

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

Stipulated Jakarta
On December 28, 2007
THE MINISTER OF FINANCE,
signed,
SRI MULYANI INDRAWATI