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Govt extends temporary customs duty relief on key petrochemical imports till July 15
Jul-01-2026

The Finance Ministry has extended nil customs duty on imports of around 40 critical petrochemical products by another 15 days till July 15, 2026, providing temporary relief to industries facing supply uncertainties arising from geopolitical tensions in West Asia. 

The full customs duty exemption, introduced on April 2 as a temporary relief measure, was originally scheduled to expire on June 30. The duty waiver is intended to benefit industries dependent on petrochemical feedstock and intermediates, such as plastics, packaging, textiles, pharmaceuticals, chemicals, automotive components and other manufacturing segments. 

On April 2, the Finance Ministry had said that in light of the ongoing conflict in West Asia and the consequent disruptions in global supply chains, the government has decided to provide full customs duty exemption on critical petrochemical products till June 30. It said this measure was aimed to ensure the continued availability of critical petrochemical inputs for the domestic industry, reduce cost pressures on downstream sectors, and safeguard supply stability in the country. This will also provide relief to consumers of final products.

The products covered under the exemption include Methanol, Anhydrous ammonia, Toluene, Styrene, Dichloromethane (methylene chloride), Vinyl chloride monomer, Poly butadiene, Styrene butadiene and Unsaturated polyester resins. Disruption in shipping routes amid the West Asia war has raised concerns over imports of fertiliser, crude oil and natural gas. India is a major importer of fertiliser and petroleum. 

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