Iran predicts increase in customs revenues

Business Materials 27 May 2011 13:53 (UTC +04:00)

Azerbaijan , Baku, May 27 /Trend/

Iran predicts more than $98 million annual revenues from customs tariffs, ISNA reported quoting Deputy Head of Iranian customs Mohammad Reza Naderi as saying.

''Iran imported more than 39,000 cars last solar year (ended on March 20, 2011) and the custom tariffs influenced the revenues.'' he said.

Iran customs revenues in this solar year will increase to $98,400 million, he noted.

In this year government budget plan has applied specific tariff for import of agricultural product, $5 per kilogram other commodities including cars will have specified tariffs.

The United States has stepped up its efforts to isolate Iran-linked commercial entities tied to nuclear program since the United Nations Security Council ordered a fourth set of sanctions against Iran in June 2010.

The U.S. Congress approved financial sanction against Iran in 2010 which impose strict conditions for foreign investors and financial firms.