Preparing the infrastructure for the use of export currency in imports

Preparing the infrastructure for the use of export currency in imports
  • 2020-11-07
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The government has officially issued an import-for-export permit, and the provisions of the Central Bank's July directive on a 30 percent limit on the use of export currency for imports have been lifted and changes are underway.

According to the International Iranian Stone Exhibition, restrictions on the use of export currency for imports have been officially lifted by the government. Vice President for Economic Affairs Mohammad Nahavandian announced the lifting of the restriction, saying that if before, exporters were allowed to use only 30% of their export currency to import goods and raw materials needed for their production. ; There are currently no restrictions in this area, and they can, without restrictions, use the currency from their exports for those goods and raw materials needed for production that are freely registered by the government and, of course, in a specific list that will be announced soon. , Are, use.

Exporters can also transfer the currency from their exports to other importers and, in fact, resume buying and selling export cottages; Meanwhile, the currency purchased from the export sector is also exchanged at an agreed rate, and on the other hand, goods must be imported with it, the list of which has been determined by the government and approved by the relevant agencies.

But this has caused some changes in the systems related to the country's foreign trade. The comprehensive trade system has announced in an announcement that the "Order Registration Mode" field has been added to the file information in this system. Accordingly, it has been announced that "in order to properly comply with the conditions of order registration files with different modes of import regulations and thus increase transparency and reduce the likelihood of errors when reviewing foreign exchange license applications by licensing organizations, a new information field called" Order registration mode " "It has been created in a comprehensive trade system."

Accordingly, traders and economic actors must henceforth complete this field at the time of filing; While the news indicates that the possibility of registering orders from the place of export currency or not will soon be added to this system, which is a good omen for economic actors in using the effective mechanism of import versus export.