What were Customs and Excise revenues from January to May 2017?

07/06/2017 11:34 WIB

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What were Customs and Excise revenues from January to May 2017?

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Customs Revenue, January-May 2017

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State revenue from customs and excise duties from January to May 2017 reached Rp 45.8 trillion, a nine percent increase from the same period the previous year. This amount comprises Rp 30.8 trillion from excise duties on cigarettes, Rp 13.5 trillion from import duties, and Rp 1.5 trillion from export duties.

The increase in customs and excise revenue up to May was supported by a 10.5 percent average increase in excise duties on cigarettes, which came into effect on January 1, 2017. However, the impact of the cigarette excise duty increase is usually only seen in the second quarter, as cigarette producers typically still have stocks of excise stamps and only begin purchasing new stamps after the first quarter.

Customs and excise revenue in May 2017 reached Rp 16.4 trillion. Rp 12.5 trillion (76 percent) came from excise duties on tobacco products, and Rp 3.2 trillion (20 percent) from import duties. The remainder, approximately Rp 700 billion (4 percent), came from excise duties on ethyl alcohol, export duties, and other excise duties.

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."