Amendment to Determination of Exported Goods Subject to Export Duty and Rate of Export Duty Related to Prices of Palm Oil Products, Crude Palm Oil (CPO), and Its Derivative Products

To support the stability and the availability of prices of palm oil products, Crude Palm Oil (CPO), and its derivative products, the Minister of Finance (“MoF”) has issued a regulation No. 98/PMK.010/2022 (“PMK-98”) regarding amendment to MoF Regulation No. 39/PMK.010/2022 concerning the Determination of Exported Goods Subject to Export Duty and Rate of Export Duty.

Changes:

There is a change in the determination of exported goods that are subject to export duty in the form of palm oil, Crude Palm Oil (CPO), and its derivative products. There are 24 products subjected to export duty and the export duty amount for each product is determined based on 17 reference prices, as follows:

  1. Reference price up to USD 750.00
  2. Reference price USD 750.00 – USD 800.00
  3. Reference price USD 800.00 – USD 850.00
  4. Reference price USD 850.00 – USD 900.00
  5. Reference price USD 900.00 – USD 950.00
  6. Reference price USD 950.00 – USD 1,000.00
  7. Reference price USD 1,000.00 – USD 1,050.00
  8. Reference price USD 1,050.00 – USD 1,100.00
  9. Reference price USD 1,100.00 – USD 1,150.00
  10. Reference price USD 1,150.00 – USD 1,200.00
  11. Reference price USD 1,200.00 – USD 1,250.00
  12. Reference price USD 1,250.00 – USD 1,300.00
  13. Reference price USD 1,300.00 – USD 1,350.00
  14. Reference price USD 1,350.00 – USD 1,400.00
  15. Reference price USD 1,400.00 – USD 1,450.00
  16. Reference price USD 1,450.00 – USD 1,500.00
  17. Reference price more than USD 1,500.00

The higher the reference price of a product, the higher the export duty. Details of export duties for each product in the price ranges described above are attached in PMK-98

PMK-98 was issued on June 9, 2022, and is effective since June 10, 2022.

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