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Customs office revenue down 4.5 percent

Tempo - May 1, 2024

Annisa Febiola, Jakarta – The Finance Ministry's Directorate General of Customs and Excise (DJBC) has collected Rp69 trillion in revenue as of March, or 21.5 percent of its 2024 target. However, the revenue dropped by 4.5 percent compared to last year's Rp72.2 trillion value.

Encep Dudi Ginanjar, head of the Customs Public Relations Subdirectorate, reported that the downturn was due to a decrease in import duty and excise revenue. "Import duty revenue fell due to a decrease in the average effective tariff, caused by the application of the free trade agreement (FTA) and a decrease in import duties on major commodities," he said in an official statement on Tuesday, April 30.

Meanwhile, excise tax revenues dropped due to a decline in the production of excisable goods, particularly tobacco products, in line with the consumption control policy.

Import duty revenue was recorded at Rp11.8 trillion, or 20.6 percent of the target. However, it declined by 3.8 percent on an annual basis (yoy). Excise tax revenue was recorded at Rp53 trillion, or 21.5 percent of the target. However, the actual excise revenue was minus 6.9 percent yoy.

On the other hand, the DJBC recorded a surge in export duty in the first quarter of 2024, amounting to Rp4.2 trillion, or 23.7 percent of the target.

"There was an increase in export duty revenue as a positive impact of government policies, such as export relaxation," said Encep.

Despite the slowdown in import duty and excise revenues, he stated that the DJBC was working to optimize state revenues, allowing the State Budget to continue to be the driving force of the Indonesian economy.

"The customs office will continue to optimize the performance of industrial facilitation and supervision to ensure economic stability," Cahyo stressed.

Source: https://en.tempo.co/read/1862759/customs-office-revenue-down-4-5-percen