Trade and Investment Bulletin Volume V, March 2017 | Page 5

Number I | September 2016
Ministry was also trying to reduce the total number of permits needed in the energy and mineral sectors to only 20 by March in order to encourage more investments .
“ We want to make it simpler , but also to ensure that it complies with existing regulations ,” he said .
The following is the list of licenses to be issued through the three-hour service :
1 .
Temporary
business
license
for
electricity ,
2 .
Temporary
business
license
for
oil / fuel / liquefied petroleum gas ( LPG ),
3 .
Temporary
business
license
for
storage
of
processed
products / compressed
natural
gas
( CNG ),
4 .
Temporary
business
license
for
liquefied natural gas ( LNG ) storage ,
5 .
Temporary business license for oil
refinery ,
6 . Temporary business license for processing oil residue industry ,
7 . Temporary business license for natural gas processing ,
8 . Temporary business license for general trade of oil / fuel ,
9 . Temporary business license for general trade of processed products .
( Source : the Jakarta Post )

More Companies Eligible for Simpler Customs Clearance Processes

A crane places a container on a cargo train at Tanjung Priok Port in North Jakarta . ( kompas . com / File )
The government has increased the number of companies eligible for simpler customs clearance processes at ports to reduce dwell times and logistics costs .
The Directorate General of Customs and Excise has 264 export or import companies categorized as “ main partners ” ( MITA ) as they have a good history of compliance , making them eligible for a facility allowing simpler documents and physical checking during the overall clearance processes .
Companies categorized as the main partners can apply for an upgrade to Authorized Economic Operator ( AEO ) certification , a top category that gives full automatic clearance for their containers without physical checks .
“ We have verified them [ AEO certified companies ] by visiting their factories for months to ensure that they will not abuse the facility ,” said Customs and Excise Director General Heru Pambudi after an event on February 21 st , 2017 .
As of now , the Directorate General has given 46 AEO certificates to 44 companies , most of which are exporters and importers involved in the global supply chain . The number increased significantly from five companies two years ago .
According to the customs authority ’ s data , AEO-certified companies are able to reduce their dwell time to about one day with the average dwell time has reached 2.38 days .
Coupled with the facility given to main partners , the customs authority expects that overall dwell time can be reduced by 30 percent , while companies could also cut their customs costs by about 34 percent .
( Source : the Jakarta Post )
Number V / March 2017 | Trade & Investment Bulletin 5