Customs Revenues Surpass $1b in Fiscal 2019-20

Customs revenues reached 160 trillion rials (over $1 billion) in the last fiscal year (March 2019-20) just as it was projected in the budget law, the head of the Islamic Republic of Iran Customs Administration said. 
Mehdi Mirashrafi added that one of the measures that played a significant role in boosting production in the year ending March 19, 2020, was duty exemptions.
According to the official, 45 trillion rials ($290 million) worth of duty exemptions on machinery import were granted to manufacturers last year to help reduce production costs. 
Over 60 trillion rials ($384.61 million) worth of duty exemptions have been considered for the current year (March 2020-21) as well, Fars News Agency quoted him as saying.