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Iran’s Customs Administration revenues surpass expectations

Business Materials 23 March 2018 11:02 (UTC +04:00)

Baku, Azerbaijan, March 23

By Gazenfer Hamidov – Trend:‎

The revenues of Iranian Customs Administration (IRICA) have surpassed the projected figure, Ali Rahimian, deputy head of the administration said.

According Rahimian, the IRICA revenues amounted to 222.37 trillion rials (each USD makes 37,700 rials based on official rate) during the last fiscal year, ended March 20, 2018, the press office of the administration said in a statement.

The official further said that the planed revenues based on the last fiscal year budget was 175 trillion rials, adding that the earned incomes are about 30 percent more than the expected figure.

The IRICA earlier said that its revenues have tripled in the fiscal year to March 2017 to 330 trillion rials.

In the past three years, IRICA has conducted major reforms to improve its services and reduce the time for customs procedures, to increase its revenues.

The IRICA has also replaced a number of customs documentations with electronic ones to create a more efficient control over the clearance procedures.

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