. Export Purchase Procedure Through the Iran Mercantile Exchange (IME)
1. Selection of a Brokerage Firm: The customer (a company holding a valid commercial card for exporting purchased goods through Iranian customs) selects an authorized brokerage firm and obtains a commodity exchange trading code.
2. Submission of a Purchase Request: The customer submits a written purchase request to the selected brokerage firm.
3. Advance Payment Notification: The brokerage firm determines the required advance payment amount and informs the customer accordingly.
4. Advance Payment: The customer deposits the required advance payment into the bank account of either Pasargad Oil Company or the brokerage firm.
5. Execution of the Transaction: The buyer's broker executes the transaction on the Iran Mercantile Exchange trading floor.
6. Submission of Purchase Documents: The buyer's broker submits the relevant purchase documents to the seller's broker.
7. Forwarding of Purchase Documents: The seller's broker forwards the purchase documents, including the commodity order registration, to Pasargad Oil Company's Export Department.
8. Payment and Issuance of Delivery Order: Based on the customer's request, the following payments and documents are required for the issuance of a delivery order: Transaction Payment: Payment of the Iranian rial equivalent of the transaction value, along with a formal written request for the issuance of a delivery order.Value Added Tax (VAT): Cash payment of an amount equivalent to 9% of the delivery order value as Value Added Tax (VAT). The paid VAT may be reclaimed through the Iranian National Tax Administration, subject to applicable tax regulations.
9. Issuance of Delivery Order: Pasargad Oil Company's Export Department issues the official sales delivery order upon completion of the required procedures.
10. Product Loading and Dispatch: The purchased products are loaded at the designated production plant by the transportation contractor appointed by the customer.