The most important new executive rules of “currency policies” of the government’s economic coordination headquarters

The most important new executive rules of “currency policies” of the government’s economic coordination headquarters

1. The priority of importing goods is determined by the Ministry of Industry, Mining and Trade, the Ministry of Jihad, Agriculture and the Ministry of Health, Treatment and Medical Education.

2. The methods of providing currency for importing goods and services are the currency of own persons and others.

3⃣ The Central Bank of the Islamic Republic of Iran was obliged to prepare the guidelines for the credit import procedure within one month in cooperation with the Ministry of Industry, Mining and Trade and the Ministry of Jihad Agriculture.

4⃣ The import of the following goods within the framework of clearing (both oil and non-oil) is not subject to the limit of the ceiling and history of import:
1- Agricultural inputs
2- Basic goods
3- Primary and intermediate materials
4- Components and parts of the production department.

5⃣ If the importer tries to export goods, he will benefit from the following legal benefits:
1- Exemption from the ceiling limit and import record, when placing an order under the procedure of providing currency from your export location
2- An addition to the importer’s credit limit has been made for the import of agricultural inputs, basic goods, raw materials, intermediates, and components and parts of the production sector, equivalent to the amount of exports.

6. Information related to the amount and value of goods cleared from customs based on the “exchange of information between customs and the Ministry of Industry, Mining and Trade” is recorded in the comprehensive trade system.

7. The amount of value added tax is determined based on the information recorded in the “Comprehensive Trade System” for imported goods. Of course, if the goods increase in the “chains after customs” and this discrepancy is proven, the importer is obliged to pay us the difference of the lost rights of the government.

8. Licensing agencies in the process of import and export of goods were obliged (with the exception of licenses that require sampling and testing of goods) until the end of 1400 to systematize the licensing process (entrance at the stage of order registration and clearance) without the intervention of human agents. do Until this process is fully implemented, these institutions are required to review and announce the result (approval or disapproval) within 3 working days after receiving the license request through the comprehensive trade system, and failure to announce an opinion within the deadline means confirmation.

9. Exporters were authorized to provide their foreign exchange obligations in the Comprehensive Trade System to importers who have chosen to provide foreign currency from their exports (their own or others) in order to fulfill their foreign exchange obligations and using the procedure of import against export. give

The Ministry of Economic Affairs and Finance was obliged to take action regarding the “value added tax refund” within one month from the date of the output slip issued by the customs, without setting any conditions, and the exemption of the exporter’s performance tax is subject to the settlement of the foreign exchange obligation.

1 1 1 In case of clearing goods with oil, with the clearance of goods from customs and the approval of the Central Bank, the Ministry of Petroleum is obliged to release the clearing agent’s guarantees “proportionate to the value of the imported goods”.

This post is written by shadmanamini