Economy, Domestic Economy

Iran Customs H1 Revenues Rise 37%

H1 Customs Revenues  Rise 37% H1 Customs Revenues  Rise 37%

The revenues of the Islamic Republic of Iran Customs Administration during the first half of the current Iranian year (March 21-Sept. 22) rose 37% to reach 160 trillion rials ($4 billion). Iranian customs authorities have attributed the rise in revenues mainly to the implementation of the so-called “single-window system” during the government of President Hassan Rouhani, IRNA reported. The single-window system 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. This allows for more control and supervision, reduces red tape and boosts IRICA’s efficiency and revenues. According to IRICA’s chief, Foroud Asgari, last fiscal year’s (March 2016-17) customs revenues saw a 61% rise. In a meeting with Iran’s Economy Minister Masoud Karbasian earlier this month, visiting Secretary-General of World Customs Organization Kunio Mikuriya hailed IRICA’s achievements in employing information technology, promoting electronic customs and implementing the single-window system.

Add new comment

Read our comment policy before posting your viewpoints