Central Bank: Conditions for importing used cars based on order registration and declaration of currency origin will be notified

According to Fars news agency and quoted by the public relations of the central bank, following the presentation of the two-urgent bill for the addition of articles to the law on the organization of the automobile industry by the presidency to the Islamic Council in order to facilitate the conditions for the import of cars, especially the import of used cars, it is hereby announced: The approval of this bill in the Islamic Council and based on its executive regulations, which are prepared in cooperation with the Ministry of Security and other relevant institutions; The terms of import of used cars based on “registration of order” by natural and legal persons and “declaration of origin of currency approved by the Central Bank” will be prepared and communicated.

Therefore, it was the report on the 7th day of May that Seyyed Mohammad Hosseini, the parliamentary deputy of Jammoh President, mentioned sending the used car import bill to the parliament.

According to this bill, the import of used cars whose lifespan is within five years will be allowed on the condition of receiving a certificate from the standards and environment organizations. It is also stated in this bill that the possibility of importing used buses is allowed.

The two-urgency bill for the import of used cars was officially submitted to the Islamic Council on Thursday, the 7th of May.

This bill has been drafted to add to the automobile industry regulation law and with the aim of balancing supply and demand in the automobile market by liberalizing the import of used cars whose prices are lower than new cars.

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