Customs clarifies the mechanism for financial transfers to import goods (ASYCUDA)
Customs clarifies the mechanism for financial transfers to import goods (ASYCUDA)
9-27-2026
The General Authority of Customs announced on Sunday the operational mechanism for financial transfers related to importing goods, in implementation of Cabinet Resolution No. (413) of 2026.
In a statement received by Al-Maalomah News Agency, the Authority said that “financial transfers allocated for imports are subject to pre-declaration procedures and the prepayment of customs duties and tax deposits through the ASYCUDA system before the financial transfer process is completed.”
It added that “banks are responsible for verifying the completion of procedures and including the pre-declaration number in the transfer data, as well as matching the data and monitoring the import process,” noting that this includes transfers executed from banks’ own funds or from funds secured through the Central Bank of Iraq.
The authority clarified that “importing without an external financial transfer requires the preparation of a prior declaration of the imported goods, with the addition of a field to declare the source of funds,” noting that the application of this mechanism will begin on October 1, 2026.
Regarding cases of incomplete transfer or import, the authority explained that “customs duties and tax deposits previously collected will be processed according to the approved electronic mechanism in the event of transfer rejection or non-importation of goods, either wholly or partially,” pointing out that refunds of amounts collected in cases of non-importation will only be issued after the transferred amount is returned by the bank that processed the transfer.
It emphasized that “verifying the transfer data, linking it to the prior declaration, and following up on it are among the tasks of the banks, according to the tasks specified in the implementation mechanism.”
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