GOVT BEARS DUTIES ON IMPORT OF GOODS FOR 11 TYPES OF INDUSTRY

Jakarta, Oct 11 (ANTARA) - The government has decided to bear duties on the import of goods for 11 types of industries to ensure the supply of goods and services in the public interest, encourage the real sector and improve the competitive edge of certain industries, a Finance Ministry official said.
The industries are engaged in aircraft maintenance, shipping services, ship building, and production of components of steam power plant, heavy-duty equipment, motorized vehicle and electronic goods, the head of the ministry's public relations bureau, Samsuar Said, said at the weekend.
The others dealt with milk processing industry and manufacture of intravenous feeding, sorbitol and cold rolled coil (GRC), he said.
"The decision on the granting of these fiscal incentives will be evaluated in three months at the latest since it was put into force," he said.
He said the fiscal incentives in the form of government-borne import duties were based on Regulations of the Finance Minister No. 134/PMK.011/2008 to No. 148/PMK.011/2008 dated October 7, 2008.
The incentives were only given to the import of goods which have not yet been produced at home, goods which have been produced at home but have not yet met the required specifications or goods which have been produced at home but their quantities fall short of domestic needs until December 31, 2008.
The granting of incentives was the manifestation of the mandate of Law No.16/2008 on the revised 2008 state budget.
The finance minister has agreed on the granting of government-borne import duties amounting to Rp1.05 trillion of the ceiling of Rp2 trillion made available in the 2008 state budget.***8***