Customs clearance at last for over 1,000 imported vehicles

Financial Tribune – After a long-drawn fracas between importers and government authorities, 1,048 cars are to get customs clearance.

According to Financial Tribune’s sister publication Donya-e-Eqtesad, following an agreement between the Industries Ministry and the Islamic Republic of Iran Customs Administration, cars stuck in customs warehouses for months and even years are to be released.

The vehicles are expected to hit the roads soon. But considering the unending twists and turns of bureaucracy in Iran, the process will most probably take months.

Over the past few years, the Iranian government has imposed an on-again, off-again ban on auto imports, which has disrupted businesses and pushed prices to outrageously high levels.