According to released statistics, the country’s customs made a total profit of about 1.5 billion dollars in the timespan of March 20 to July 21 indicating a 10% growth in comparison with the same period a year ago though the volume of Iran’s definitive imports in the mentioned period fell by 7.12 per cent, Mehr reports.
Major reasons leading to the boost in customs revenues include using comprehensive system of customs and Single Window cross-border trade.
The main reason for the increase in customs revenues using comprehensive system of customs and cross-border trade has been the single window.
Islamic Republic of Iran Customs Administration (IRICA) takes advantage of the integrated system to carry out bureaucracies of goods imports electronically while automatic accounting is used to calculate the value of individual declarations and creation of accounts has provided the possibility for economic payments.
Also with a direct connection to the bank, identification and direct registration of deposits, withdrawals and refunds are also done electronically. Electronic payment via the Single Window trade remains as yet another feature of the system which has alleviated the need for paper works.
