Economy, Auto
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No Change in Car Import Tariff

No Change in Car Import TariffNo Change in Car Import Tariff

The government will not change the current car import tariffs this year, but it is up for review in the following Iranian year (starting March 20, 2016).

According to Valiollah Afkhamirad, deputy minister for industries, mining and trade, the current tariffs will remained unchanged at this point and the government has no immediate plans to review them, according to Persian Khodro .

Afkhamirad noted that some tariffs on certain imported vehicles are unreasonably high and may be reduced, without specifying the cars.

In a recent report earlier this month, cars imported into the country more than halved during the first seven months of the current fiscal year (started March 21).

During this period, 23,786 passenger vehicles worth $576,400,000 were imported, which figure for the same period of previous year was 55,000 units and indicates a 55% decline.

During the month ending October 22, Iran Customs Administration announced an 89% decrease in car imports compared with the same period of last year when 25,624 cars were imported. This year, the number stood at 2,907 units.

 

Financialtribune.com