Economy, Domestic Economy

Online Appraisal of Imports

Online Appraisal of Imports Online Appraisal of Imports

The Islamic Republic of Iran Customs Administration has unveiled a plan based on which the appraisal of imported items will be carried out online, IRICA’s news portal reported. The plan is aimed at reducing the subjective determination of import duty and creating a competitive atmosphere for all traders and importers, the report added.  IRICA has been going through major overhauls lately. It recently introduced the so-called “Single-Window System”, which enables cross-border traders to submit regulatory documents such as customs declarations, applications for import/export permits, trading invoices and investment permits to a single entity and/or single location.