Economy, Domestic Economy

IRICA Facility for Local Production

In a move to support domestic production, the Islamic Republic of Iran Customs Administration will allow local producers to clear their raw material imports before they go through customs procedures and formalities within a week, an official with the administration said.
“Only a small fraction of the raw materials will be kept by IRICA and that won’t create a serious problem for producers. The offer is not applicable to imports with tariff levels of above 26%, which usually have local counterparts. Their customs tariffs and duties must be paid first,” ILNA also quoted Ali Maqooli as saying.

Short URL : https://goo.gl/uPCSoF
  1. https://goo.gl/X4AJSk
  • https://goo.gl/4d7QFC
  • https://goo.gl/HkaS3S
  • https://goo.gl/vbJCrm
  • https://goo.gl/yLwXbZ

You can also read ...

US Sanctions on Iran Affect Trade With UAE
The latest US sanctions against Iran are forcing many Iranian...
New Government Policies Reduce Forex Demand
The implementation of new foreign exchange policies by the...
Failure to Safeguard Iran Deal Will Show EU Still a Paper Tiger
Just a few weeks ago, it seemed that the Iran nuclear deal...
Iraq to Respect Dollar Ban But Not All US Sanctions on Iran
Iraqi Prime Minister Haider al-Abadi stepped back from his...
Gold Coin Gains
The benchmark Bahar Azadi gold coin gained on Tuesday, as both...
Indian Tea Exporters Seeking Special Exchange Rate From Iran
The Indian tea industry has sought a special exchange rate...
Nvidia Rolls Out New Chip Technology for Filmmakers
Nvidia Corp on Monday released a new generation of chips aimed...
Google Tracks Your Movements, Like It or Not
Google wants to know where you go so badly that it records...

Add new comment

Read our comment policy before posting your viewpoints