Iran seizes around $350 million in smuggled goods annually
Azerbaijan, Baku, April 2/ Trend M. Moezzi
The head of Iran's Organisation for Collection and Sale of State-owned Properties (OCSSPI) said the country seizes about $350 million of suspected smuggled goods annually, adding that his organisation isn't publicly funded, Mehr news agency reports.
Over 11 months last year (Iran's solar year ended on March 20) the OCSSPI sold off 750 billion rials (more than $61 million) of property, nearly $50 million of which was from smuggled goods. Since Iran's imports total around $50 to $65 billion annually, the $50 million in smuggled goods won't affect the economy, said Ardeshir Mohammadi the OCSSPI head.
On average, in the last 10 years, the police have seized $350 million in goods annually with around $32 million of that sold off and the rest used for administrative and judicial matters. Any income earned by the OCSSPI is turned over to the treasury.