New Import Policy and Post Border Supervision
In a socialization event on 25 January 2018, the Ministry of Trade introduces new import policy that will shift the current border supervision to post border mechanism. This policy aims to reduce the currently high percentage of prohibited and restricted goods (LARTAS), and shift the current at border supervision to post border by applying self-declaration and risk management mechanism.
Currently around 48.3% of the total goods listed in the HS Code are categorized as LARTAS, which require additional formalities from the technical ministries/agencies and border supervision by the Customs. The new policy aims to reduce border supervision to only 20.8% of total HS CODE by shifting the supervision of 32.02% of HS CODE to post border after the goods are released from the Customs Area.
To shift the current supervision to post border, the government has issued 63 regulations on import provision of various products, of which 20 of those are issued by the Ministry of Trade. This policy will be implemented on 1 February 2018.
Presentation materials and handout from this event can be accessed through the following link: goo.gl/K5FbprBack