Indonesia Raises Import Duties for Various Goods, Including Iron, Steel
Indonesia recently imposed higher import tariffs on certain cosmetics, bicycles, watches, and iron and steel products, the Hong Kong Trade Development Council reported Nov. 6. The new measures will place a 10% to 15% duty on cosmetic imports, a 25%…
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to 40% duty on bicycle imports, a 10% duty on watches and up to a 20% duty on iron and steel products. As part of the changes, Indonesia also is requiring e‑commerce companies and other online vendors to share certain information on imported goods with the country’s Directorate General of Customs and Excise, including the names of the company and seller and the “specifications and quantity of imported goods,” HKTDC said.