Analysis of Insurance Documents as an Alternative Tool For Testing Transaction Value in Customs Value Determination

Abstract

Minister of Finance, Sri Mulyani delivered an update on the realization of the 2019 State
Revenue and Expenditure Budget (APBN) as of August 31, 2019. In terms of state revenue,
the figure reached Rp 1,189.3 trillion. To achieve the revenue target, the Ministry of
Finance needs to continuously make efforts to optimize tax revenues. Tanjung Priok
Customs Office as part of the Ministry of Finance is required to take strategic steps in
optimizing its role as revenue collector, technically regarding customs value
determination. One of the challenges in customs value is that importers convey transaction
prices below the actual transaction price (under invoicing). This of course also results in a
decline in state revenue. Based on these conditions, this study will examine how the
analysis of insurance data can be used as an alternative value test tool for import
transaction values. This study will capture an overall picture of the insurance document
examination process, technical problem and how to make it as an alternative value test
tool for import transaction values with a qualitative approach.