New Collaterals to Secure Releases of Certain Imported Goods via Rush Handling

In 2021, the Minister of Finance (“ Minister ”) issued Regulation No. 74/PMK.04/2021 (“ Regulation 74/2021 ”) on Releases of Imported Goods for Use Through Immediate Services (“ Rush Handling ”) which, at its core, set out a new framework that allowed for imported goods to be released from customs areas or temporary storage locations (Tempat Penimbunan Sementara– “ TPS ”) prior to the submission of imported goods notifications (Pemberitahuan Impor Barang– “ PIB ”) or Special PIB (PIBKhusus/PIBK) through the Rush Handling mechanism. [1]