According to the Shahr-e-Bourse, the Iranian Customs Circular addressed to the country’s executive customs offices was notified that the clearance of separate production parts (subject to Chapter 98) is permitted for two months by obtaining a letter of undertaking from the owners of the goods.

According to the provisions of this notification, the owners of the goods are required to undertake that in the event of any possible change in the value, decrease or increase of the shipment, they will accept responsibility for it and send the necessary documents within the prescribed period to the working group subject to Note (6) of the single article of the Automobile Law approved in 1371, amending Article (12) of the Law on the Addition of Articles to the Law on the Organization of the Automobile Industry, so that action can be taken to obtain a value identification.

According to this order, the final value determined by the aforementioned working group will be the criterion for customs action to calculate import duties and also to discharge the relevant bank obligations.