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IRICA Denies Gaining From FX Surcharge on Imports

IRICA Denies Gaining From FX Surcharge on Imports IRICA Denies Gaining From FX Surcharge on Imports

The Islamic Republic of Iran Customs Administration has denounced claims that it intends to generate revenues by levying foreign exchange rate difference surcharge on imports. 
“The policy was adopted by the Cabinet and its implementation was delegated to the Consumers and Producers Protection Organization. In this case, IRICA is just an administrative organ and won’t receive a single rial,” IRNA quoted a statement by the customs administration as saying.  
Under Clause V of the government’s new foreign currency policy, goods imported after the implementation of the new policy on August 7 could receive customs clearance only if their owners paid the surcharge on exchange rate difference between the government’s subsidized forex rate (42,000 rials per dollar) at which they registered their import orders and the forex rate determined by the Secondary Forex Market.

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