Indonesia: a new scheme of calculating the palm oil export duty

05.10.2017

The Finance Ministry of Indonesia reported a new scheme of charging the export duty on palm oil and its products. Previously, it was calculated at a rate of 7.5% to 22.5% of the export commodity’s value, if the product price exceeds USD 750/MT, reports UkrAgroConsult.

The new scheme gives up on the percentage rates and sets the duty within USD 3 to USD 200/MT plus a tax at USD 50.

 

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