FLASH NEWS – UPDATED REGULATIONS

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FLASH NEWS – UPDATED REGULATIONS

RE-IMPLEMEMTATION OF LEVY EXEMPTION/IMPORT DUTY EXEMPTION APPROVALS.
The previous procedures of Levy exemption and Import Duty Exemption are re-implemented again. This means that for all shipments, a valid Levy Exemption and an Import Duty Exemption are once again required. Otherwise, shipments at all Iraqi entry points/ports can only be cleared by paying these taxes. (Levy Exemption 5%, Import Duty 3, 35%)

IMPORT LICENSE FOR THE STATE ORGANIZATIONS AND GOVERNMENTAL SECTORS.
As from 1st of October 2012, all shipments destined to the State organizations and Governmental sectors must have a valid Import License. Shipments which already entered the country and documents already in the Customs Authorities possession can be cleared without the Import License. Any other shipments require a valid Import License.

For any other information, please do not hesitate to contact us by using the contact-form.

REMINDER-IMPORT LICENSE FOR THE PRIVATE SECTOR
As we informed earlier, all imports to the private sector require a valid Import License.

OFFICAL HOLIDAY IN OCTOBER 2012
Eid Al-Adha 25th – 30th of October 2012.

We wish all our clients, partners, members and their families a Happy Holiday. EID MUBARAK.

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