Iran bans imports of 1,339 items

Business Materials 12 January 2019 15:41 (UTC +04:00)

Tehran, Iran, Jan.12


Iran's customs revenues during the past nine months were over $3.57 billion, while imports of 1,339 items have been banned.

“While the number of prohibited goods were 1,339, it’s possible that auto imports would join the list next year. So the revenues should be calculated based on real prices," said the head of Iran customs Mehdi Mir Ashrafi, Trend reports citing ILNA.

The official noted that since the imposition of the US sanctions until January 2, Iran's customs has released imported goods worth $6 billion, while the customs tries to release the imported basic goods as well.

Iran customs and Ministry of Industry, Mine and Trade has recently agreed to release 13,000 auto imports that have been held up at customs. Around 14,000 imported vehicles are currently being held at Iran's ports and customs.

Following US President Donald Trump’s decision to pull out from the 2015 Iran nuclear deal in May, Iranian government started taking measures to deal with the looming sanctions, one of which was prohibiting car imports and luxury goods due to declining currency reserves and allocating foreign currency to import of basic goods instead.