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Indonesia's Finance Minister, Purbaya Yudhi Sadewa, revealed plans to develop advanced excise tape technology for cigarettes through a collaboration between Peruri and a technology company. The new system will feature enhanced coding and integration with the Customs system, aiming to improve tracking and authenticity verification of cigarette products.
Indonesia's Finance Minister, Purbaya Yudhi Sadewa, has announced plans to develop an advanced excise tape technology for the country's cigarette industry. The initiative involves collaboration between Peruri, the state-owned enterprise responsible for producing official government documents, and a technology company specializing in advanced coding systems.
The new excise tape will incorporate sophisticated coding that goes beyond current technology, providing enhanced security features. The system will be integrated with the Customs and Excise system, allowing for real-time tracking and verification of cigarette products. This integration aims to significantly improve the government's ability to monitor the tobacco industry and reduce illicit trade.
The implementation of this advanced technology is expected to have several positive impacts on Indonesia's tobacco control and revenue collection. Firstly, it will make it easier to identify the origin of cigarettes, thereby helping to curb the circulation of counterfeit products. Secondly, the enhanced tracking capabilities will support more effective tax collection and reduce revenue leakage.
While specific timelines for the implementation have not been disclosed, the collaboration between Peruri and the technology company is seen as a significant step towards modernizing Indonesia's excise system. The Finance Minister's announcement indicates a strong commitment to leveraging technology for improving governance in the tobacco sector.
Advanced Excise Tape Technology Development
Tobacco Industry Regulation Update