Islamic Republic of Iran Customs Administration (IRICA) introduced a new supportive policy package for the current calendar year (starting March 20, 2012) which has been named by the Supreme Leader as the year of “National Production, Supporting the Iranian Capital and Labour”.
The policy package, comprised of two sections, aims to support the domestic production.
In the first section, IRICA offers the Iranian producers some incentives regarding the payment of customs duties, some of which are as follows:
- Clearance of goods out of the customs offices using bank guarantees instead of cash payments
- Clearance of machineries and raw materials out of the customs offices based on instalment payment
- Granting discounts on customs tariffs
- Granting tariff exemptions for the importation of production facilities and machineries
- Refunding the customs duties paid by the producers for the imported raw materials and machineries
In the second part of the policy package, the following incentives have been offered by IRICA:
- Providing on-site valuations services for the Iranian producers at their own premises
- Establishing dedicated warehouses for the producers
- Cutting back on customs formalities regarding the clearance of raw materials imported by the producers
- Processing the importation of raw materials through the green and yellow routes
- Non-stop clearance of goods imported by the producers
- Dedicating special terminals for export purposes