November 28, 2020

Import and export law in Iran

How we should learn about the actual feasibility of importing and exporting of the special goods in Iran?

The General Office for Export and Import Regulations of the Ministry of Mine, Industry and Trade, on an annual basis, publishes the Export – Import Regulations in order to provide the fast and easy access to the updated information in terms of import and export.

Iranian lawyer

The annual Export – Import Regulations of Iran regulates the updated customs duties as well as commercial benefit taxes on the different groups of commodities.

Considering the current un-employment rate of Iran which is much higher than the international standards, one of the main concerns of the Iranian authorities is to support domestic production by permitting importation of the necessary raw materials and the cutting edge machinery.

In order to support the domestic products, the importation of the raw materials and the intermediates products which have been domestically produced in Iran, has a higher rate of commercial benefit tax which annually defined by the Export – Import Regulations.

The role of the Commercial Card in Iran

As a prerequisite of performing trade business in Iran, the traders are required to obtain the Commercial Card which has been issued by the Iranian Chamber of Commerce. The applicant of the Commercial Card could be an individual or a company.

The facilities provided for the importation of the raw materials and goods which are used in domestic production

According to Article 12 of the Iran import and Export Law, the importation of raw materials and goods which are supposed to be used in the domestic productions is exempted from payment of the import duties and costs. These types of goods, are also exempted from obtainment of the required licenses as set forth in the annex of the Export – Import Regulations.

Even if the imported goods, have been exported without any changes or transformation, the importer is subject to the facilities of the above-mentioned article.

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