Economy, Business And Markets
0

Tobacco Import Tariffs Rise

Cigarette consumption in Iran stands at 72 billion sticks, of which 49 billion are produced by local factories.
Cigarette consumption in Iran stands at 72 billion sticks, of which 49 billion are produced by local factories.

Tariff on tobacco imports has increased from 5% to 15%. 
Criticizing the move to raise tariffs, Chairman of Tobacco Products Importers and Exporters Association Mohammad Reza Tajdar added that the justification presented for raising tariffs includes lending support to tobacco farmers and encouraging tobacco companies to use local products. 
Noting that the country’s tobacco industry uses different types of foreign tobacco, Tajdar said locally-harvested tobacco cannot match all tastes so producers have to import tobacco from various tobacco-growing regions. 
He put the country’s annual cigarette consumption at 72 billion sticks, of which 49 billion are produced by local factories. 
“Imports from legal ports of entry stand at three billion while the rest of the cigarettes smoked by Iranians are supplied by smugglers,” IRNA quoted Tajdar as saying. 
 

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com