Indonesia to impose safeguard tariffs on cotton textiles from 10th

Safeguard tariffs are imposed for the purpose ofCompensating for the severe losses suffered by Indonesia's domestic industry due to the surge in importsorPreventing the risk of serious harm to related industries, helping local industries to complete the necessary adjustments.

Under section 4 of the regulations, the tariff isOrdinary import duties or additional duties based on preferential tariffs of international agreementsThe

The tariff is levied onImported cotton textile products from all countriesLibyan Arab JamahiriyaExcluding similar products from 122 specified countriesThe

Regulation 6 requires thatImporters enjoying the exemption are required to submit a certificate of origin for their products.; importers utilizing preferential certificates of origin must be in compliance withRules of origin under international trade agreementsIncludesCriteria for origin of goods, transportation standards and procedural requirementsThe

Importers holding non-preferential certificates of origin, meanwhile, are subject to scrutiny under the relevant regulatory provisions.

Section 7 of the regulations states that ifImported cotton textile products enjoying exemptions that do not meet the above requirementsstill need toReplacement of safeguard tariffsThe

The levy coversCotton textile products under 16 tariff codesThe tax rate is implemented in three phases:For the first year after the policy came into effect, the tax rate was 3,000-3,300 guilders per meter.;Decreased to 2800-3100 guilders/meter in the following year.;2600-2900 guilders/meter in the third yearThe