Iran not to allow import of luxury goods

Business Materials 22 July 2019 11:09 (UTC +04:00)

Tehran, Iran, July 22


Ninety percent of the goods stuck in the customs warehouses are essential commodities, and now we are working with the Customs to find the luxury goods not to allow them to enter into the market, the Iranian Minister of Industry, Mine and Trade said, Trend reports citing ILNA.

Referring to precipitating of commodities stored in the customs, Reza Rahmani added: "The clearance process is normal; however, we are working with the Customs and the Central Bank to accelerate the process. Currently, we work with the customs to identify goods of the Group IV to prevent them to enter into the market.”

Last Iranian year (ended on March 20, 2019), imports of the luxury goods known as goods of group 4 were prohibited in the country. In June last year, import of 1,339 commodities categorized as "non-essential goods with domestic counterparts" and included in the Group IV, was banned by the government to save foreign currency and support domestic production.

"Our policy on commodities of the Group IV is completely unalterable, and in no way will we allow them to enter the country,” said Rahmani. “We intend to adopt a program that prevents the luxury goods to move from the country of origin and, if arrived, these goods will be stopped in customs and prevented from being released.”