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Export benchmark price for mining product issued for period 01 - 28 Feb'2022
The Ministry of Trade of the Republic of Indonesia has issued the Ministry Regulation Number 04 Year 2022 on export benchmark price (HPE) for mining product imposed with export duty (Penetapan Harga Patokan Ekspor ("HPE") atas Produk Pertambangan yang Dikenakan Bea Keluar) on 25 January 2022 ("Regulation").
The Regulation said that the HPE is determined with reference from the highest average price on international market, the highest average price Free On Board (FOB), the highest average price applied in domestic market, or the highest average price in the country importing mining product for the last 1 month before the HPE is determined, decided
The HPE as determined, decided abovementioned is listed in the Appendix of Regulation for effective period of 01 February 2022 - 28 February 2022. This shall be the basis of export duty calculation by the Ministry of Finance.
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