Iraq announces procedure for exporting scrap metal

Iraq announces procedure for exporting scrap metal

Iraq Ministry of Trade has recently announced procedure for exporting scrap metal. The Ministry has implemented General License regulation to export scrap metal to be valid as of April 30, 2004 till December 31, 2004. However, the regulation does not require acquisition of a physical license. It rather requires payment of license fee for each shipment. The fee of license is determined as ID 50'000 per metric ton. According to export procedures, any Iraqi or foreign company in Iraq is allowed to export scrap metal at any quantity following the payment of license fee to certain banks specified by the Ministry. Shipments are allowed to be materialized five days after the receipt is presented to Iraq Customs Service. Each shipment individually requires payment of fee. Any receipt, on the condition that it is not used before, is valid due December 31, 2004.