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11 Apr
13:37

New Iranian export duty faces confusion, criticism

Iran’s mining and trade ministry has announced export duty tariffs on various products including steel, effective from 21 March until 21 June. This will impact almost the entire national industry, excluding oil. In a letter to the Export and Import Regulation Office, the ministry set different export duty rates based upon a market price index in the first week of the tenth Iranian calendar year, beginning 22 December 2021. This has puzzled many market partic…
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