【SMM Nickel Flash】Indonesia Confirms Implementation Details of DHE SDA Relaxation
Indonesia has confirmed the implementation details of Article 18A of Government Regulation (PP) No. 21/2026, which took effect for export customs declarations (PPE) from September 1, 2026.
The government identified 64 mining exporters, or around 12% of 537 exporters reviewed, as currently meeting the eligibility criteria. Eligible exporters must be incorporated as Indonesian PTs, operate in the mining sector, and have at least one shareholder from the designated countries, the US, China, Hong Kong, Australia or Canada, holding at least a 10% stake. The eligible list will be reviewed monthly.
The government has also designated 15 foreign-exchange banks for the placement of DHE SDA under Article 18A, comprising five state-owned banks and 10 non-state-owned banks. This allows eligible exporters to place the required DHE SDA with designated non-state-owned banks, providing greater flexibility in managing export proceeds.
