Indonesia government removes import duties on heavy equipment

Jakarta (ANTARA News) - The government has slashed import duties on raw materials and components used in the assembly of heavy equipment down to zero pct from 5 pct previously, the Finance Ministry said.

"The move was aimed at stimulating growth of the heavy equipment industry in the country," the ministry was quoted by XFN Asia as saying in a statement.

It said the ruling, applicable for a period of 12 months, began on Oct 30, 2006 and will be in effect until September this year.