New Century Tobacco Group


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"This license authorized New Century, a tobacco manufacturer, to enter into a transaction in which Yara Tech Company of Tehran would buy cigarette tax banderoles from the Iranian government tobacco monopoly, forward those to New Century, which would then deliver them to a cigarette factory where they would be applied to cigarette packs to be sold in Iran. Iran charges an import tax of more than 7 percent on cigarettes, according to customs officials." (New York Times, "Licenses Granted to U.S. Companies Run the Gamut," 12/24/10)