The duties are paid to the custom officers at the time of shipping for export or local sale. Bonded zone is an area within Indonesian customs area inside which special regulations regarding customs are in effect. PEB is a document used in export transaction which has been filled-out by exporters and warranted loading clearance by the Directorate General Customs and Excise. PEBT is a document used in export transaction with a value less than 300 million rupiahs for goods which has been warranted loading clearance by the Directorate General Customs and Excise. Export is a trade of goods and services provided by citizens of a country to citizens of another country in exchange for foreign currency.
Export creates influx of foreign currency.
FOB is a measure of value of goods sold in international trade in which the costs of freight and insurance are paid by the buyer. HS is a classification and coding of commodities based on raw materials, products, and quality. Import is a trade of goods and services required by citizens of a country from citizens of other country in exchange for foreign currency. Import creates outflux of foreign currency. Import duties are duties imposed by the government on imported goods as a means of protection of local industries from foreign competitors.