What Are the Key Requirements Under PERMENDAG 46/2025?

1.0 Regulatory Foundation

Context and Background
PERMENDAG 46/2025 establishes procedures for determining export reference prices (HPE) and reference prices (HR) for Indonesian mining products subject to export duties. This regulation strengthens government oversight of export pricing to ensure alignment with national economic, fiscal, and sustainability objectives. It replaces prior frameworks to enhance transparency and coordination among ministries.

Key Definitions (Pasal 1)
The regulation defines critical terms:

2.0 Core Framework

Pricing Determination Criteria (Pasal 4)
HPE/HR determination must consider:

"a. pemenuhan kebutuhan dalam negeri; b. kelestarian sumber daya alam; c. stabilitas harga... d. kebijakan hilirisasi... e. perkembangan harga... f. daya saing Produk Pertambangan yang diekspor."

English Analysis: The Trade Minister must balance domestic supply needs, environmental sustainability, price stability, downstream industry development, international price trends, and export competitiveness when setting HPE/HR.

Basis for Calculation (Pasal 5)
HPE/HR are calculated using:
- International average prices (a)
- FOB prices (b)
- Domestic market prices (c)
- Importer country prices (d)
- HMA (e)
- HBA (f)

Matrix 2.1: HPE/HR Determination Factors

3.0 Implementation Requirements

Proposal and Approval Process (Pasal 6)
1. The Energy and Mineral Resources Minister submits HPE/HR proposals 5 days before the current pricing period expires.
2. Proposals are reviewed by an inter-ministerial committee.
3. The Trade Ministry’s Directorate General finalizes recommendations for ministerial approval.

Matrix 3.1: HPE/HR Update Timeline

4.0 Enforcement & Sanctions

The regulation emphasizes administrative compliance over punitive measures. Non-compliance by reporting entities may trigger regulatory audits or pricing revisions (implied in Pasal 7 amendment procedures). No explicit penalties are outlined; enforcement relies on interagency coordination and ministerial authority under Pasal 6(6).

5.0 Implications & Outlook

Stakeholder Impact
- Mining Exporters: Must align pricing with HPE/HR to avoid export duty discrepancies.
- Government: Enhanced revenue predictability and policy coherence across trade, energy, and fiscal agendas.
- Downstream Industries: Stable domestic supply and pricing to support hilirisasi (downstreaming) goals.

Compliance Takeaways
1. Timely submission of pricing data to the Energy and Mineral Resources Ministry.
2. Engagement in interagency consultations to advocate for sector-specific considerations.
3. Internal audits to ensure FOB and domestic pricing align with HPE/HR benchmarks.

Official Source

This regulation is accessible via https://peraturan.bpk.go.id/. Full citation: Peraturan Menteri Perdagangan Nomor 46 Tahun 2025 tentang Tata Cara Penetapan Harga Patokan Ekspor dan Harga Referensi atas Produk Pertambangan yang Dikenakan Bea Keluar.

Law Database

Access PERMENDAG 46/2025 in the CRPG Law Database: PERMENDAG 46/2025

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