Domestic Economy

Iran Customs Posts Highest Midyear Revenues

Iran Customs Posts Highest Midyear RevenuesIran Customs Posts Highest Midyear Revenues

The Islamic Republic of Iran Customs Administration has turned in its best-ever midyear profit during the first half of the current Iranian year (March 21-Sept. 22), according to a report published on its website on Sunday.
IRICA brought in a total revenue of 108 trillion rials ($776.97 million) in the six-month period out of import tax and duties, including letters of guarantee it received from importers. 
H1 revenues stood at 73.4 trillion rials ($528.05 million) without counting in letters of guarantee, despite a nearly 13% decline in imports and the government’s ban on imports of 1,400 consumer goods, particularly cars. 


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