Smelter Projects Delayed, Export Customs Are More Expensive

KONTAN.CO.ID-JAKARTA. The government continues to oversee mineral downstreaming. Not only does it require the construction of smelters, but now the government sets export duty rates on concentrate exports based on the physical progress of refining facility projects, aka smelters, for four mineral commodities.
Through Minister of Finance Regulation (PMK) Number 71 of 2023 concerning Determination of Export Goods Subject to Export Duty and Export Duty Tariffs, the regulation signed by Minister of Finance Sri Mulyani Indrawati is effective on July 17, 2023.
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