【Jakarta, Ind】Purbaya: Sealing Related to Alleged Under-Invoicing by Tiffany & Co.

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Editor’s Note

This article reports on the closure of three Tiffany & Co. stores in Jakarta following a statement from Indonesia’s Finance Minister alleging smuggling and under-invoicing.

Minister’s Statement on Store Closures

JAKARTA – Finance Minister Purbaya Yudhi Sadewa stated that three luxury jewelry stores belonging to Tiffany & Co. were sealed off due to alleged smuggling of goods and under-invoicing, or paying less than the declared value.

Failure to Provide Import Documentation

The Directorate General of Customs and Excise’s regional office in Jakarta (Kanwil) reported that its staff found the jewelry store unable to show the Import Declaration Form (PIB) as proof of the legality of the imported goods when verified.

“To determine if this is suspected smuggling, you are asked to show the trade form, they cannot show it,” said Purbaya to reporters at Wisma Dhanatrana, Jakarta, on Friday, February 13, as reported by ANTARA.

The state treasurer said the purpose of this sealing action is to send a message to prevent other businesses from engaging in similar practices. The reason is that actions manipulating the value of goods suppress revenue from the customs and tax sector.

Warning to Businesses and Internal Investigation

He also stated that he would continue to investigate suspected traders smuggling illegal goods.

“This is a good message for businesses that are not very fair and are harmful, so that customs and tax revenues decrease. In the future, they cannot do something like this again,” he said.

At the same time, the state treasurer opened the possibility of collusion between traders and internal customs employees. He will trace the individuals involved in this action.

“It seems (professionals are involved). Later we will see who is involved. This is old (professionals are involved). Now I have new officials. When I rotate it, what is good comes to the front, so he dares to take action. Later I see what the law is,” he said.
Details of the Sealing Operation

The sealing was carried out by Customs on three Tiffany & Co. jewelry stores in Plaza Senayan, Plaza Indonesia, and Pacific Place.

Siswo Kristiyanto, Head of the Action Section at the Container Office of the Directorate General of Customs and Excise in Jakarta, reported that his party conducted an operation related to ‘high-value goods’, namely high-value items, which allegedly included goods not reported in the PIB.

This action follows the instructions of Finance Minister Purbaya Yudhi Sadewa to dig up potential revenue outside the ordinary that has already been done in customs and taxes.

Siswo stated that the sealing is for inspection and is still administrative at this stage.

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⏰ Published on: February 13, 2026