Are you an import-export practitioner? To assist you, Bank Indonesia has launched its latest Regulation Number 21/14/PBI/2019 through a system called SiMoDIS, an integrated Monitoring Real-Time Information Data of Foreign Exchange, is used for managing data and information.
SiMoDIS also aims to monitor compliance and foreign exchange from export and import activities which integrate the flow of documents, money and goods.
With this system, you are required to provide several mandatory information, so that the transaction process is smoother and more secure. Check the complete information about the rules and regulations, as well as the material.
For importer who does Outward Remittance transaction through KBB and KBB-IS, and will send emails for SiMoDIS additional invoice information, it is mandatory to be sent no later than the applicable cut-off time.
The following is the cut off time table for receiving emails for SiMoDIS additional invoice information:
|Type of OR Transactions||Cut-Off Time
|OR Non-Today (All currency)||13.00|
|AUD, MYR, THB||10.00|
|HKD, CNY, SGD, SAR, AUD*||12.00|
|USD, EUR, CAD, GBP, CHF, SEK, DKK||13.00|
*Only for beneficiary bank ANZ, Commonwealth, NAB, dan Westpac in Australia
For further information, please contact Halo BCA 1500888 or simply mention us at Twitter account @HaloBCA.