Customs Bond

Description

Customs Guarantee is a guarantee provided to ensure the ability of the Insured/Exporter to fulfill its obligations according to the customs duty deferment facility obtained from the Government through the Directorate General of Customs and Excise.

Types & Benefit

Customs Guarantee can be issued by LPEI for various purposes, including:

• Importation of goods for domestic use with the submission of a guarantee.
• Temporary importation.
• Objection submission.
• Based on customs regulations requiring a guarantee.
• Fulfillment of guarantee submission obligations required by customs regulations.

The guaranteed customs duties include:

• Suspension and/or exemption of import duties.
• Excise duties.
• Administrative fees.
• Value-added tax (VAT).
• Luxury goods sales tax (PPn BM).
• Income tax (PPh) on exports.
• Other customs-related duties.

Secured Criteria

The party responsible for customs duties and/or the party required to fulfill the obligation to provide a guarantee according to customs regulations to the Customs Office.

Period

• The period of customs duty deferment for customs activities.
• The period of importation of goods for domestic use with the submission of a guarantee.
• The exemption period plus the maximum period for examining the realization of export goods with import exemption for export purposes.
• The period of temporary importation plus the maximum period for export realization, as regulated in customs regulations requiring the submission of a guarantee.

Currency

Indonesian Rupiah (IDR).

Fees/costs

• Issuance
• Amendment
• Issuance of Guarantee Revision
• Administration