Tiffany & Co.'s luxury jewelry store at Plaza Indonesia in Central Jakarta remained boarded up and under customs surveillance on June 8, 2026, even after Indonesia's Finance Minister Purbaya Yudhi Sadewa confirmed the outlet had been allowed to reopen. The ongoing customs presence signals heightened enforcement risks for jewelry importers and distributors operating in Indonesia, particularly those dealing with high-value goods.
Customs enforcement continues
Despite the Finance Minister's statement that the store could resume operations, customs officers from the Directorate General of Customs and Excise (DJBC) remained stationed outside the Plaza Indonesia outlet on Monday afternoon. The storefront was still covered by wooden panels, indicating that full reopening had not yet occurred. This suggests that operational clearance may still be pending final compliance steps.
Import violation bill details
The customs authority issued a Rp 97.49 billion ($5.39 million) bill to Tiffany & Co. following an audit into alleged import violations. Of this total, Rp 78.5 billion consists of administrative penalties, with the remainder covering import duties, import value-added tax (VAT), and Article 22 import income tax. The bill stems from discrepancies in import declarations involving high-value goods.
Investigation scope expands
Customs had earlier sealed three Tiffany & Co. stores in Jakarta—Plaza Senayan, Plaza Indonesia, and Pacific Place—as part of an investigation into luxury items allegedly not fully declared in import documentation. Authorities are examining both administrative violations and indications that goods may have entered Indonesia without meeting customs obligations. Suspected under-invoicing practices, where imported goods are declared at values lower than actual worth to reduce tax and duty liabilities, are also under investigation.
What buyers should watch
Jewelry importers and distributors supplying to Indonesia should closely monitor this case as it signals stricter enforcement of import declaration rules for high-value jewelry. Under-invoicing and incomplete documentation can lead to significant penalties, store closures, and reputational damage. Companies should ensure all import documentation accurately reflects the true value and classification of goods, and consider engaging local customs compliance experts to audit their procedures.
China sourcing context
For overseas buyers sourcing jewelry from China for the Indonesian market, this case underscores the importance of transparent pricing and complete customs documentation. Chinese suppliers should be prepared to provide detailed invoices, certificates of origin, and value declarations that match actual transaction values. Any discrepancies flagged by Indonesian customs could result in costly penalties and supply chain disruptions for importers.
Source: Read the original report | Published: June 09, 2026