Applying a new exchange rate in the customs system

According to Fars News Agency, quoting the Public Relations of the Customs of the Islamic Republic of Iran, Seyyed Meysam Hosseini Lor, regarding the implementation of systems for calculating the rate of entry fee in the new year, said: ETS currency, after determining the changes and reducing commercial profits in the Cabinet and reducing customs tariffs on basic goods according to the budget law and announcing it to customs as the implementing organization, legal changes from last Tuesday evening despite the closure of Tehran in The customs information system started and on Saturday and Sunday of this week, technical tests were performed in the system.

He added: “Customs was only obliged as an executor to act in accordance with the law by exchanging information with related legal organizations, so by successfully passing the performance testing stage in the system and solving problems caused by new data formats from the Ministry of Silence, the organization Tax and the Central Bank, since yesterday, a change in the calculation rate was applied in the customs information system.

Hosseini Lor further said: the basis for determining the daily calculation rate of entry fees is the Central Bank and customs has no involvement in it and since according to the Central Bank, the ETS exchange rate is updated at the beginning of each day in that bank, the information is updated. The exchange rate is implemented in the form of electronic service and through the platform of the national information network in the customs information systems and is applied daily at 9:00 AM.

Iran’s Deputy Minister of Planning and International Affairs emphasized: According to the announcement of the Central Bank, on official holidays, the exchange rate will not be updated by that bank and the last working day before the closure will be the criterion.

In the end, Hosseini Lor said: “It should be noted that the Customs of the Islamic Republic of Iran is not a policy-maker in determining import duties and determining the exchange rate and is merely enforcing the law, and according to the 1401 budget law , Mining and trade, VAT and tariff change or entry fee in the customs system in the shortest possible time from yesterday, Monday, June 30, was implemented and can be exploited.

It is worth mentioning that traders, activists and stakeholders in the field of trade can view the calculation rate of the Central Bank on the website fxmarketrate.cbi.ir.

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