Administration resets car import tariff to 90%
The 70 percent tariff rate for imported cars set by the Majlis (Iranian parliament) during the endorsement stage of the annual budget bill was changed back to 90 percent by the government.
The Majlis approved a bill in March to reduce car import duties by 20 percentage points to 70 percent aiming to boost competition among domestic car manufacturers and persuade them to improve quality of their products, the Mehr News Agency reported.
President Mahmoud Ahmadinejad issued a decree on Tuesday for the augmentation of industrial products in Iran, especially automotive products.
According to the administration's official website, the ministry of industries and mines has three-month time to devise a plan for automakers in a bid to improve the overall quality of the vehicles they produce.
The plan should include directions on how to decrease gas consumption and meet required safety and pollution standards in both vehicles and spare parts they produce.
In addition, after-sale services should be improved and made competitive on international markets.
After the plan is prepared it should be submitted to the Cabinet for final approval.