Understanding Imports, Their Benefits, and Types

Corporate Secretary Service Indonesia – One important activity in international trade that provides great benefits for entrepreneurs in various industrial sectors is imports. Importing also benefits consumers. Import into Indonesia allows businesses to access goods and services worldwide that cannot be produced domestically. However, imports also pose several challenges for entrepreneurs, considering the different regulations between countries.

One of the challenges is related to costs, where you will be charged with taxes and shipping costs for importing goods from abroad.

What is Import?

Launching from the official website of Bekasi Customs, import is an international trade that involves entering economic goods from one country into the customs territory of another country. In other words, this trade activity involves two countries. A country can import goods from abroad when the goods cannot be produced or obtained at a lower cost domestically. Since each country has different regulations, you must follow the rules and regulations that apply in the import process to avoid legal problems.

Benefits of Imports for Entrepreneurs and the Country

Import into Indonesia plays an essential role in fulfilling domestic needs. Furthermore, here are the benefits of doing import activities for entrepreneurs:

Maintain the availability of goods and services

Importing products from abroad allows entrepreneurs to obtain goods and services that cannot be produced domestically.

Increase competitiveness

Through importing goods from abroad, entrepreneurs can adopt their innovations into the industrial sector in accordance with the development of trends and market needs. That way, the products produced can compete in the global market.

Competitive price offer

Imports allow entrepreneurs to obtain products at more competitive prices from the international market. By taking advantage of the differences in prices and production costs between countries, they can optimize their profit margins and maintain competitive selling prices in the local market.

Boosting economic growth

Healthy and sustainable import activities can contribute to the country’s economic growth. By opening good trade relations with other countries, entrepreneurs help increase foreign exchange and create jobs.

Read Also: How to Use Undername Import or Importer of Record in Indonesia

Expanding product selection

Through imports, you can access high-quality and unique products from different countries. This allows them to expand the selection of products offered to consumers, enhance brand reputation, and create a competitive advantage in the local market.

Types of Imports

You need to understand several types of import into Indonesia based on their activities and forms.

Types of imports based on activities

The following is a complete explanation as reported by the official Bekasi Customs website:

1. Import for use is transporting products from abroad into Indonesian territory with the aim of being used or owned.
2. Temporary import is transporting foreign products into Indonesian territory to be re-exported abroad. The maximum period after the import process is carried out is three years.
3. Continued imports transport foreign products into Indonesia’s territory using transportation carriers before going through the unloading process.
4. We are importing foreign products for stockpiling and transporting them into Indonesian territory using transport transportation through unloading first.
5. Import for re-export is the activity of transporting products that are still within the customs territory to be sent back abroad if the order is not suitable, damaged, wrongly sent, there is a change in regulation or does not meet the technical requirements.

Types of imports based on their form

Based on their form, here are some types of imports that you need to understand:

1. Merchandise import is transporting goods from abroad for resale or use in the production of other goods.
2. Import of raw materials, which is the transportation of raw or semi-finished materials imported for use in the production process.
3. Import of machinery and equipment, which involves the transportation of machinery, equipment, or high-tech components from abroad for use in various industrial sectors.
4. Import of agricultural products, which is transporting agricultural products from abroad that are not available in the country. For example, the import of fruits or horticultural products.
5. Import of oil and gas products, which is the transportation of crude oil and other products related to the oil and gas industry.
6. Import of luxury goods, which is the activity of transporting luxury goods such as cars, jewellery, and sophisticated electronic goods into the country.

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