Iran lifts ban on import of cars worth over $40,000
News code :
۱۳۷۱۸۵۴
Iran’s Customs Administration has lifted a ban on imports of cars worth more than $40,000.
The ban on importing passenger cars with prices above $40,000 has been revoked for valid orders registered at customs facilities prior to December 1, 2017, the Customs Administration said in a notice, based on a ruling by Iran's Administrative Court of Justice.
In addition to measures to facilitate imports, the Iranian government has recently directed auto manufacturers to ramp up their production in a bid to reduce car prices in the country.