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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Border crossings announce customs duties and tariffs on containers of goods and gold entering Iraq

    Rocky
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    • Post n°1

    Border crossings announce customs duties and tariffs on containers of goods and gold entering Iraq Empty Border crossings announce customs duties and tariffs on containers of goods and gold entering Iraq

    Post by Rocky Sun 03 Dec 2023, 6:55 am

    Border crossings announce customs duties and tariffs on containers of goods and gold entering Iraq



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    2023-12-03 02:34
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    Shafaq News/ The Border Ports Authority announced, on Sunday, customs duties and tariffs on containers of goods and gold entering Iraq, indicating that the government has taken a set of decisions to control revenues and transfers.

    Director of Ports, Major General Omar Al-Waeli, said in a statement received by Shafaq News Agency, “Under the direct sponsorship of Prime Minister Muhammad Shiaa Al-Sudani, Cabinet Decision No. 23672 of 2023 was issued to support the commercial process in Iraq and regulate the import process, by imposing customs tariffs due to their importance in Providing financial revenues to the state treasury and in order to simplify procedures for importers through our federal ports.”
    He added, "The decision included that the customs duty for a 20-foot container be two million dinars in lump sums, and 3 million dinars in lump sums for a 40-foot container, and the demarcation for divided goods without a container will be in accordance with the approved customs duty amounts."
    The decisions also included, “suspension of the import license and obligating the General Authority of Customs to accept the certificate of origin and invoice issued by the Chambers of Commerce by relying on the national project for the electronic issuance validity system (QR) to facilitate the procedures and ensure their validity.”
    He pointed out that “the additional customs duty rate for tobacco and cigarettes has been amended to be (20%) while the customs tariff rate is (10%), with the General Authority of Customs obligated to match the coordinator code for the goods entering with the coordinator code on the SWIFT remittance on the platform for transfers at the Central Bank.” It applies initially to (phones, cigarettes, and cars).”
    He pointed out that "Customs matches the coordinator's code for the transfer issued by Iraq with the imported goods code for the three goods above and requires the importer to prove the legitimacy of the financing if it is from other sources outside Iraq."
    He continued, "The decision gave importers of goods (phones, cigarettes, and cars) a period of one month to correct the customs and legal status of their goods, after which joint committees would be formed from the relevant authorities to investigate and inspect warehouses, shops, and roads that contain infringing goods and deal with them in accordance with the Customs Law and the Anti-Money Laundering Law."
    He added, “With regard to imported gold, Cabinet Resolution No. (23671) of 2023 was issued as follows:
    1. The gold importer must be a company officially registered in the Companies Registration Department and allowed to transfer abroad. 
    2. Allowing the import of gold exclusively through air ports, and it shall be registered by customs and inspected and labeled by the Federal Central Agency for Standardization and Quality Control.
    3. The fees and charges for importing gold were determined as follows:
    A- Raw gold and bullion. The inspection fee for quantities of imported gold is 50 thousand dinars for every one kilogram, and 100 thousand dinars customs duties are collected for every one kilogram.
    B - Gold jewellery, an amount of 250 thousand dinars customs duties shall be collected for every one kilogram, and 50 thousand dinars inspection fees.
    C - Amending the controls for remanufacturing gold and re-exporting it outside Iraq.
    D- Gold imported or exported in violation of the aforementioned controls is considered a violation of the law and is dealt with in accordance with the amended Customs Law No. (23) of 2018 and the Anti-Money Laundering and Terrorist Financing Law No. 39 of 2015. Joint teams are formed from customs investigation officers, the National Security Service, and the Organized Crime Directorate to investigate. Inspection of imported or exported gold is outside the controls.”
    He concluded by saying, "The Border Ports Authority, being the regulatory and supervisory body over the work of the departments operating at the border crossings, is directly following up on the implementation to achieve the desired goals of the decision, and it is one of many steps taken by the government to tighten control over revenues and financial transfers."
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