a. that in the framework of economic cooperation among ASEAN member Countries and the Government of the Republic of Korea, the framework agreement already ratified by the Government of the Republic of Indonesia on the basis of Presidential Regulation No. 11/2007 concerning Ratification of the Framework Agreement on the Comprehensive Economic Co-operation Among the Government of the Members Countries of the Association of Southeast Asian Nations and the Republic of Korea has been stipulated;
b. that following the signing of the Agreement on Trade in Goods among ASEAN Member countries and the Government of the Republic of Korea on August 24, 2006, already ratified by Presidential Regulation No. 12/2007 concerning Ratification of Agreement on Trade in Goods Under The Framework Agreement on the Comprehensive Economic Co-operation Among the Government of the Members Countries of the Association of Southeast Asian Nations and the Republic of Korea, it is deemed necessary to stipulate rates of import duty in the framework of ASEAN-Korea Free Trade Area (AK-FTA);
c. that based on modalities contained in Agreement on Trade in Goods Under The Framework Agreement on the Comprehensive Economic Cooperation Among the Government of the Member Countries of the Association of Southeast Asian Nations and the Republic of Korea, the timetable for the reduction of import tariffs in the framework of ASEAN-Korea Free Trade Area (AK-FTA) has been stipulated;
d, that based on the considerations as intended in a, b and c, it is necessary to stipulate a regulation of the Minister of Finance concerning stipulation of import duty tariff in the framework of ASEAN-Korea Free Trade Area (AK-FTA);
1. Law No. 10/1995 concerning Customs (Statute Book No. 75/1995, Supplement to Statute Book No. 3612) as amended by Law No. 17/2006 (Statute Book No. 93/2006, Supplement to Statute Book No. 4661);
2. Presidential Regulation No. 11/2007 concerning Ratification of the Framework Agreement on the Comprehensive Economic Co-operation Among the Government of the Members Countries of the Association of Southeast Asian Nations and the Republic of Korea;
3. Presidential Regulation No. 12/2007 concerning Ratification of Agreement on Trade in Goods Under The Framework Agreement on the Comprehensive Economic Co-operation Among the Government of the Members Countries of the Association of Southeast Asian Nations and the Republic of Korea;
4. Presidential Decree No. 20/P/2005;
5. Decree of the Minister of Finance No. 101/KMK.05/1997 concerning Customs Notification as amended several times and the latest by Regulation of the Minister of Finance No. 48/PMK.04/2005;
6. Decree of the Minister of Finance No. 453/KMK.04/2002 concerning Customs Settlement Procedures in Import as amended several times and the latest by Decree of the Minister of Finance No. 112/KMK.04/2003;
7. Regulation of the Minister of Finance No. 1l0/PMK.010/2006 concerning Stipulation of Systems of Classifications of Goods and Imposition of Import duty tariff on Imported Goods;
THE REGULATION OF THE MINISTER OF FINANCE CONCERNING STIPULATION OF IMPORT DUTY TARIFF IN THE FRAMEWORK OF ASEAN-KOREA FREE TRADE AREA (AK-FTA)
To stipulate the import duty tariff on goods imported from the Republic of Korea and ASEAN Member Countries in the framework of ASEAN-Korea Free Trade Area (AK-FTA) as set forth in the attachment to this regulation.
The import duty tariff as intended in Article 1 shall be stipulated with the provision as follows:
The provisions in this Ministerial Regulation shall apply to the import of goods having import customs declaration thereof already securing registration number from Customs and Excise Service Office overseeing ports of entry, as from the date of enforcement of this regulation.
The Director General of Customs and Excise shall be instructed to implement the provisions in this Ministerial Regulation.
With the enforcement of this regulation, Regulation of the Minister of Finance No. 75/PMK.011/2007 concerning Stipulation of Import duty tariff in the framework of ASEAN-Korea Free Trade Area (AK-FTA) shall be revoked and declared null and void.
The regulation shall come into force on the date of stipulation and be retroactive to January 1, 2008.
For public cognizance, the regulation shall be published by placing it in State Gazette of the Republic of Indonesia.
Stipulated in Jakarta
on March 3, 2008
THE MINISTER OF FINANCE
signed,
SRI MULYANI INDRAWATI