Bank Indonesia : Sanctions for Exporters failing to receive DHE through Domestic Foreign Exchange Banks
06/22/2012| 02:53am US/Eastern
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Title
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Sanctions for Exporters failing to receive DHE
through Domestic Foreign Exchange Banks
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Data Source
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Public Relations Group
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Date
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22-06-2012
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Hits
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10
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Contact
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Public Relation Group, E-mail : humasbi@bi.go.id
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Attachment
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No. 14/ 20 /PSHM/Humas
Pursuant to Bank Indonesia Regulation (PBI)
No.13/20/PBI/2011, exporters are now required to receive all
foreign exchange proceeds from exports (DHE) through domestic
foreign exchange banks in Indonesia no later than 90 (ninety)
days subsequent to the export notice (PEB). Specific to
PEBissued in 2012, DHEwill mandatorily be received through
domestic foreign exchange banks no later than 6 (six) months
after the date of the PEB. Accordingly, DHEon PEBissued in
January 2012 must have been received by July 2012.
Based on monitoring activities, hitherto, there remain
exporters that still do not receive their foreign exchange
export proceeds through domestic foreign exchange banks.
Considering that sanctions against this type of violation
commenceon 2nd July 2012, exporters could potentially face
administrative sanctions in July consisting of a fine
amounting to 0.5% of the nominal value of the DHEyet to be
received through a foreign exchange bank. The fine can range
from a minimum of Rp10,000,000 (ten million rupiah) to a
maximum of Rp100,000,000 (one hundred million rupiah).
Exporters failing to pay the administrative fine will have
their export services suspended by the Directorate General of
Customs.
Bank Indonesia has undertaken a number of socialization
activities reaching out to exporters and relevant
institutions across Indonesia and will continue to monitor
compliance with the new regulation by exporters. In this
context, exporters are reminded again to immediately channel
all DHE through domestic foreign exchange banks within the
predetermined timeframe.
Bank Indonesia would also like to emphasise that this
regulation in no way limits or restricts exporters in terms
of how they choose to utilise their foreign exchange proceeds
from exports (DHE). Exporters are NOT obliged to convert
their foreign exchange into rupiah nor hold their foreign
exchange for a predetermined length of time at the domestic
foreign exchange bank.
For further information, exporters can contact Bank
Indonesia toll-free at 0.800.10.80000 or email tsm-dhe@bi.go.id.
Jakarta, 21stJune 2012
Office of the Governor
Benny Siswanto
Director
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