Companies

In February, the Jakarta Customs and Excise Directorate General shut down three Tiffany & Co outlets across Jakarta shopping malls, including Plaza Senayan, Plaza Indonesia and Pacific Place, over allegations of illegal imports.

Security guards (far right) stand by United States luxury brand Tiffany & Co at the Plaza Senayan shopping mall in Central Jakarta. (Plaza Senayan website/-)

The Finance Ministry has lifted seals on three outlets of the United States luxury jeweler Tiffany & Co after the company confirmed its commitment to fulfilling customs obligations. “The company has committed to complying with all applicable laws and regulations,” Finance Minister Purbaya Yudhi Sadewa said in a statement on Monday.

In February, the Jakarta Customs and Excise Directorate General shut down three Tiffany & Co outlets across Jakarta shopping malls, including Plaza Senayan, Plaza Indonesia and Pacific Place, over allegations of illegal imports.