New Delhi, April 2 -- The union Government on Thursday announced a full customs duty exemption on a wide range of critical petrochemical products till June 30, 2026. This comes as a temporary measure to support the domestic industry amid supply disruptions linked to the West Asia conflict.
This measure has been taken as a temporary and targeted relief to ensure continued availability of critical petrochemical inputs for the domestic industry, reduce cost pressures on downstream sectors, and safeguard supply stability in the country", according to a Finance ministry statement.
The exemption is expected to benefit a wide range of sectors dependent on petrochemical feedstock and intermediates, including plastics, packaging, textiles, pharmac...