In order to reform and intensify foreign investment activities in Indonesia, the Head of Indonesian Investment Coordinating Board (BKPM) recently released new decree No. 12/2013 on Guide and Procedure of Investment Permit.
New regulation that need to be highlighted, especially related to investors activities to increase their production capacities is in the article 81 point 4, that stated: time period given to custom facilities on the importation of machinery (master list) in order to restructure/modernization/rehabilitation is granted for 2 (two) years since the release of decree (from BKPM) to the investor and can be extended according to the period of principal permit.
This regulation hoped to ease investors to do their planning and production activities. In the previous regulation, master list for investor’s restructurization activities, can not be extended.
Moreover, in article 81 point 5, it is stated that application on import facilities for machinery or equipment is to be request with form (as was exampled in Addendum IX-A) has to be completed with requirements such as follows:
Change from the previous regulations that the mentioned process did not require HS number. The HS number will improve the checking procedures of custom officer in Indonesian port