Quick Summary
The Government had earlier provided a full Customs Duty exemption on imports of critical petrochemical products till 30thJune 2026, as a temporary and targeted relief in view of the conflict in West Asia and the consequent disruptions in global supply chains. The exemption was provided to ensure sufficient availability of petrochemicals in the domestic market as Indian petroleum companies had been asked to concentrate on the production of LPG during this period. As the situation is gradually no
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FAQ :
The government has extended the full customs duty exemption on imports of critical petrochemical products.
The exemption is now valid until July 15, 2026.
The exemption was initially introduced as a temporary relief due to disruptions in global supply chains caused by the conflict in West Asia, and to ensure sufficient domestic availability of petrochemicals while Indian companies focused on LPG production.
The extension is expected to benefit sectors dependent on petrochemical feedstock and intermediates, including plastics, packaging, textiles, pharmaceuticals, chemicals, automotive components, and other manufacturing segments.
No, the list of products covered by the exemption remains the same as previously notified.
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