IMPORT UREA FROM IRAN

[Ritesh Dave]

Dear All,

Greetings from Ritesh Dave !

Kindly inform import of UREA from Iran is allowed to the manufacturer. We want to Import UREA under Advance License. Also, informed import from Iran via UAE is also allowed or not? Certificate of Origin will be Iran and Port of Origin will be UAE.

Whether bank is ready to accept the import documents and payments in INR or Foreign currency are permitted.

Looking forward for the early reply.

Regards,

Ritesh Dave

AI Summary

Importing Urea from Iran to India Permitted; Use UCO or Indusind Bank for Transactions in INR, AED, or Euro. A user inquired about importing urea from Iran to India, specifically under an Advance License, and whether this could be done via the UAE. They also asked about payment options in INR or foreign currency. The response clarified that importing urea from Iran, either directly or via the UAE, is currently allowed. UCO Bank is designated for transactions with Iran, operating under a Rupee mechanism, while Indusind Bank can facilitate trade in AED and Euro. It was advised to use UCO or Indusind Bank for such imports, with further guidance available from UCO Bank's representative.