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Thursday, 15 September 2011

Many products are increasingly taxed Oil Government

Posted on 10:27 by Unknown
Jakarta - The government has added as many as 14 oil derived products (downstream) are subject to export taxes or customs exit (BK).

Previous oil derivative products including crude palm oil (CPO) which exports only amounted to a taxable 15 products. Thus there are 29 palm oil derivative products are subject to export taxes.

It is set in the Minister of Trade (Permendag) No 26/M-DAG/PER/9/2011 About Top Export Pricing Derivatives Crude Palm Oil Products That Worn Out Bea came into effect 14 September 2011.

In Permendag detikFinance quoted on Thursday (15/09/2011) out of tariffs for the 14 new derivative products designated as export goods out of customs imposed by the Minister of Finance Regulation No. 128/PMK.011/2011 on Amendment Regulation of the Minister of Finance Number 67/PMK.011/2010 on the Determination of Goods Subject to Export The Customs Tariff Customs Exit and Exit.

It was based on reference prices based on the average price of CPO CIF Rotterdam, the average CPO price of Malaysian stock exchange and / or the average price of CPO stock Jakarta, one month prior to setting the HPE.

"HPE for 14 new derivative products referred to in Article 2 paragraph (1) determined as set out in Appendix I of this regulation," explains Permendag it.

HPE as many as 14 oil derivative products are subject to customs out that starting from 14 September 2011 until September 30, 2011.

HPE as contained in Annex I, Annex II and Annex III of Regulation of the Minister of Trade Number 22/M-DAG/PER/8/2011 Pricing Export Goods Subject to Export The Customs Exit remain valid until 30 September 2011

Here are as many as 14 new oil derivative products subject to duty following exit export benchmark price (HPE) per metric ton (U.S. $ / MT):

1. Palm cake U.S. $ 156
2. Palm Fatty Acid distillate (PFAD) U.S. $ 753
3. Hydrogenated Palm Oil (Bulk) U.S. $ 1,020
4. Hydrogenated Palm Kernel Oil (Bulk) U.S. $ 1,363
5. Hydrogenated Palm Olein (Bulk) U.S. $ 1,158
6. Hydrogenated Palm Kernel Olein (Bulk) U.S. $ 1,369
7. Hydrogenated Palm kernel stearin (Bulk) U.S. $ 1,363
8. Hydrogenated Palm stearin (Bulk) U.S. $ 923
9. Hydrogenated RBD Palm Olein U.S. $ 1,168
10. Hydrogenated RBD Palm Oil U.S. $ 1148
11. Hydrogenated RBD Palm Kernel Oil U.S. $ 1443
12. Hydrogenated RBD Palm Kernel Olein U.S. $ 1,366
13. Hydrogenated RBD Palm kernel stearin U.S. $ 1,668
14. Hydrogenated RBD Palm stearin U.S. $ 929


While palm oil derivative products that have previously been subject to customs exit (HPE 1 to 30 September 2011), among others (U.S. $ / MT):

1. Fruits and Kernels of U.S. $ 418
2. CPO U.S. $ 1,013
3. Crude olein U.S. $ 1,131
4. RBD palm olein U.S. $ 1,141
5. RBD Olein PK U.S. $ 1,339
6. Crude Stearin U.S. $ 893
7. CPKO U.S. $ 1,326
8. Crude Kernel Olein U.S. $ 1,326
9. Crude kernel stearin U.S. $ 1,326
10. RBD Palm Kernel Oil U.S. $ 1434
11. RBD Palm Oil U.S. $ 1120
12. RBD Palm stearin U.S. $ 902
13. RBD Palm kernel stearin U.S. $ 1,641
14. Biodiesel U.S. $ 1,191
15. RBD Palm Olein branded packaging within 25 Kg U.S. $ 1,141

Ministry of Trade has set out Customs (BK) or export tax on crude palm oil products or crude palm oil (CPO) for September 2011 by 15%. Bea out of this fixed or not changed compared with CPO BK August 2011.

This year the highest CPO BK occurred in March through 25%. Then continue to decline as April had dropped BK CPO reached 22.5% in May fell to 17.5%, in July rose to 20%.
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