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Tiffany & Co. Indonesia stores reopen after customs audit, settlement

Tiffany & Co. has reopened its Indonesia stores after customs authorities temporarily closed them over alleged import violations, CNN Indonesia reported. Finance Minister Purbaya Yudhi Sadewa personally oversaw the removal of customs seals at the brand’s Plaza Indonesia boutique. The reopening follows a completed audit and a 97.49 billion rupiah ($5.4 million) tax and penalty bill issued against the company. The three Jakarta stores were originally sealed in February over suspected under-invoicing and undeclared luxury shipments, part of a broader crackdown on high-value smuggling under President Prabowo Subianto’s administration.

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