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

Iran Customs H1 Revenues Rise 37%

Iran Customs H1 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.

Short URL : https://goo.gl/zprpYt
  1. https://goo.gl/UtuUey
  • https://goo.gl/bbspPW
  • https://goo.gl/tCidCp
  • https://goo.gl/1jPke5
  • https://goo.gl/EAeEFv

You can also read ...

Iran’s net hot-rolled coil consumption was 5.6 million tons in 2017, of which 0.8 million tons were imported.
Russia and Kazakhstan are temporarily stepping back on sales...
Europe May Tap Cryptocurrencies to Shield Iran Against US Sanctions
The European Union may opt for digital currencies in its...
EU foreign policy chief, Federica Mogherini, hailed the imposition of the blocking statute on Monday as a “consistent step forward”.
As it races to save the Iran nuclear deal, the European Union...
Colza Production Exceeds Expectations
The government has purchased more than 300,000 tons of colza...
Plastic Production Plant Launched in Chabahar
A factory producing different kinds of plastic products was...
Secondary Forex Market: Corruption Loopholes Abound
Two goals set have been set for the recent establishment of...
Iranian Banks Downsizing Branches
Iran’s banks and credit institutions have continued the...
Interbank Rate Tweak to Impact Interest Rates
Officials at the Central Bank of Iran have announced the...

Add new comment

Read our comment policy before posting your viewpoints