Nigh Time for Crackdown on Export Earnings

Despite the latest regulation on export earnings having been in effect for almost a year, not all exporters comply with the said regulation as the number of non-compliant companies is reportedly increasing.

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26 Mar 2024 - 20.12
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Nigh Time for Crackdown on Export Earnings

Bisnis, JAKARTA - Despite the latest regulation on export earnings having been in effect for almost a year, not all exporters comply with the said regulation as the number of non-compliant companies is reportedly increasing.

According to the Customs and Excise Directorate General, as of Monday (25/3), as many as 16 exporters still face sanctions for violating the provisions on the placement of export earnings. This figure, as noted by Bisnis, has increased from last month’s figure of seven exporters.

In other words, a trend emerges where the longer the regulation has been in effect, the higher the level of violations that need to be addressed by policymakers.

Customs and Excise Director General Askolani said that sanctions are imposed when customs authorities receive recommendations from Bank Indonesia (BI), although he declined to comment further.

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Editor: Nindya Aldila
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Nigh Time for Crackdown on Export Earnings

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