Customs announces rise in annual revenues to more than 430 billion dinars

On: Wednesday 28/3/2012 7:01

 Baghdad / range 
announced the General Administration of Customs, on Tuesday, a rise in revenues last year 2011 to more than 430 billion Iraqi dinars, as pointed out that the imposition of tariffs by the year 2012 will raise the annual revenue.
The Director General of the Commission Munther Abdel Amir Assadi in an interview for “Alsumaria News”, “Customs Authority has been able over the past year 2011 increase in revenue Finance to 436 billion and 812 million Iraqi dinars, compared to 2010, which amounted to.. revenues of 425 billion dinars,” noting that “the Revenue was Asthsalha centers and areas of customs tax the reconstruction of Iraq amounting to 5% with the rest of other income. ” 
said Assadi that “the month of January of this year 2012 witnessed the other higher revenue, which amounted to 50 billion dinars, compared with the same month last year which amounted to 37 billion dinars, “adding that” the application of the tariff during the current year will increase the annual revenue through the border crossing points. ” 
The Ministry of Finance has identified, in the February 16, 2012, the date of the direct tariff for all goods entering Iraq, the first of June the next, and noted that the application of tariff that would support the production, industry, local agriculture and reduce flood the market with goods bad. 
The law provides for the imposition of customs duties on imported goods, not included in the table of tariff duties, by no more than 20% of its value, to exempt samples and models that are not of commercial value from customs duties, and took into account the law in the application of its provisions, the facilities afforded by the Investment Law No. 13 of 2006, as amended, on goods imported for investment projects exclusively, and comes with a view to attract the maximum amount of investment companies and the men the business to work in Iraq. 
linked Iraq with neighboring countries through 13 outlets border, in addition to five outlets air and five ports freely, most notably the outlet newborn and Rabia with Syria, and port Trebil with Jordan, and port Arar with Saudi Arabia, and an outlet Shalamjah and Mundhiriyah with Iran, and port Ibrahim Hebron, which links Iraq with Turkey.