News

15 August 2019

Announcement of Terms & Conditions of Special Account for Devisa Hasil Ekspor (DHE) Sumber Daya Alam (SDA)

Announcement of Terms & Conditions of Special Account for Devisa Hasil Ekspor (DHE) Sumber Daya Alam (SDA)

To.
Our Valued Customer (Exporter DHE SDA)
PT Bank Resona Perdania

Base on PBI No. 21/3/PBI/2019 and PADG No. 21/15/PADG/2019 about Acceptance DHE from Cultivation, Management and/or Processing Activities of SDA, PMK No. 98/PMK.04/2019 year 2019 about Tariff of Administrative Sanction in a form of Fine and Procedure of Imposition, Collection and Deposit Administrative Sanction in a form of Fine for Violation of Provision from Cultivation, Management and/or Processing Activities of SDA, PP No. 1 year 2019 about DHE from the Cultivation, Management and/or Processing Activities of SDA and KMK No. 1523/KM.4/2019 about Determination Export Goods SDA with Obligation to Enter DHE into Indonesia’s Financial System, herewith we inform the provisions as follows :

I. Account Opening

  1. New account opening by Customer to receive fund from DHE SDA (Special Account) by :
    a. completing account opening form at Bank and
    b. submitting documents mentioned in point I.4. ;
  2. Replacement existing account owned by Customer to become Special Account by :
    a. submitting request letter of replacement account
    b. submitting documents mentioned in point I.4. and
    c. emptying the fund from the existing account first ;
  3. Customer can open more than 1 (one) Special Account at Bank ;
  4. Customer has to submit supporting documents as follows :
    a. Document which shown export proceeds from the cultivation, management and/or processing activities SDA; and
    b. Statement letter

Customer is kindly asked to:

  1. Open new special account in order to ensure the usage of account specifically for DHE SDA as to facilitate monitoring process by Customer.
  2. Inform to Bank if Customer already has special account in other Bank and submit supporting document of opening special account in the other Bank to Bank.

II. Incoming Fund Transfer

  1. Incoming fund transfer in Special Account can only come from:
    a. DHE SDA;
    b. Fund comes from time deposit withdrawal and/or payment of time deposit’s interest which fund comes from Special Account of same Customer;
    c. Fund comes from other Special Account of same Customer, both in other Bank or same Bank;
  2. Customer has to submit supporting document which proves that the incoming fund is DHE SDA;
  3. Incoming fund transfer comes from DHE SDA is done by mechanism :
    a. Direct transfer into Special Account;
    b. Transfer first through account other than Customer’s Special Account;
  4. In case there is incoming fund transfer into Special Account not come from appropriate source, Customer has to take the fund out from the Special Account.

III. Outgoing Fund Transfer

  1. DHE SDA in Special Account can be used by Customer for payment :
    a. Export duty and other levies in the export sector
    b. Loans
    c. Import
    d. Profits/dividend; and/or
    e. Other needs from investors as regulated under article 8 of Law Number 25 of 2007 on Invesment;
  2. In case Customer do outgoing fund transfer through Special Account with amount above certain threshold, Customer has to submit supporting document to Bank.
  3. Bank will do acceptance of instruction’s fund transfer for outgoing fund transfer as long as it is enclosed with supporting document.
  4. Supporting document as mentioned in point III.2. and III.3. must be received before the execution of transaction settlement.
    a. Provision about mechanism of acceptance of instruction’s fund transfer, threshold and submission of supporting document refers to Bank Indonesia regulation which stipulates about monitoring of foreign exchange activity bank and customer.

IV. Obligation relates with escrow account in oversea

  1. Customer has escrow account in oversea
    a. Customer has to move (transfer) escrow account in oversea to foreign exchange bank in Indonesia
    b. Customer has to submit statement letter which states :
     - Confirmation transfer of escrow account; or
     - Confirmation cannot move (transfer) escrow account yet with clear reason
  2. Customer does not have escrow account in oversea
    Customer has to submit statement letter which states confirmation that Customer does not have escrow account in oversea.

V. Sanction

  1. In case Customer is not placing DHE SDA into Special Account DHE SDA within the stipulated period, Customer is subject to a fine of 0.5% from amount of DHE SDA which has not been placed into Special Account DHE SDA.
  2. In case Customer utilize DHE SDA in Special Account DHE SDA for payment out of the intended provision as mentioned in point III.1., Customer is subject to a fine of 0.25% from amount of DHE SDA used for payment out of the intended provision.
  3. The fine as mentioned in point IV.1. and IV.2 is deposited to Tax Office as a collection State Revenue Non Tax (Penerimaan Negara Bukan Pajak) comes from other state rights in accordance with provisions regarding State Revenue Non Tax (Penerimaan Negara Bukan Pajak).

The complete provision of the regulations mentioned above can be downloaded from Bank Indonesia website : www.bi.go.id or Bank website : www.perdania.co.id

That’s all our information. Thank you for your attention and cooperation.

Sincerely,
PT Bank Resona Perdania

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