Indonesian Authorities Foil Attempt to Export 1,802 Tons of CPO Derivatives
Executive Summary
Key insights and market outlook
Indonesian authorities have foiled an attempt to export 1,802 tons of crude palm oil (CPO) derivatives worth Rp 28.7 billion through 87 containers at Tanjung Priok Port. The shipment, belonging to PT MMS, was misdeclared as 'fatty matter' to avoid export duties and restrictions. Laboratory tests revealed the products contained CPO derivatives, making them subject to export regulations 1
Deep Dive Analysis
Indonesian Authorities Foil Attempt to Export CPO Derivatives
Joint Operation Uncovers Export Irregularities
A joint operation between Indonesian authorities, including the Ministry of Finance and Polri's Special Task Force, has successfully prevented the export of 1,802 tons of CPO derivatives valued at Rp 28.7 billion. The shipment, belonging to PT MMS, was being transported through 87 containers at Tanjung Priok Port, Jakarta 1
Misdeclaration Attempt Uncovered
The export was initially reported as 'fatty matter', a category not subject to export duties or restrictions. However, laboratory tests conducted by the authorities revealed that the products actually contained CPO derivatives, making them subject to export regulations. This misdeclaration was detected through a thorough examination of the shipment and subsequent laboratory analysis 2
Regulatory Implications
The Director General of Customs and Excise, Djaka Budhi Utama, stated that the authorities conducted a detailed analysis using different laboratories to verify the contents of the shipment. The investigation is ongoing, with further research and examination of related parties to uncover the full extent of the attempted export violation.
Source References
Story Info
Topics Covered
Key Events
CPO Export Attempt Foiled
Customs Misdeclaration Detected