Ministry of Finance Refines Regulations on Goods and Assets Not Controlled by the State

The government is finalizing the Draft Regulation of the Minister of Finance (“Draft Regulation”) on the Settlement of Unclaimed Goods, State-Claimed Goods, and Goods Belonging to the State. This legal instrument will ensure that the management of goods subject to customs duties that are not controlled by the state can be carried out in a more orderly and transparent manner.

“Harmonization is currently underway at the Ministry of Law to provide legal certainty and improve the efficiency and effectiveness of the management of state goods or assets,” said Director-General of State Assets at the Ministry of Finance, Rionald Silaban, to Hukumonline.

Substantively, this Draft Regulation refines the mechanism for resolving unclaimed goods (barang yang tidak dikuasai - “BTD”), state-claimed goods, and goods belonging to the state (barang milik negara - “BMN”), as regulated in Regulation of the Minister of Finance No. 178/PMK.04/2019 (“Regulation 178/2019”). This regulatory update also follows up on the provisions of Article 73 paragraph (3) of Law No. 10 of 1995 on Customs, as amended by Law No. 17 of 2006 (collectively referred to as “Law 10/1995”).