Last Updated on July 1, 2026 12:52 am by BIZNAMA NEWS
AMN
Government has extended full customs duty exemption on critical petrochemical products in view of ongoing conflict in West Asia till 15th July 2026. Centre had earlier provided a full customs duty exemption till today, as a temporary and targeted relief due to 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 normalizing, this move will ensure a smooth and non-disruptive transition for the affected sectors. The list of products covered remains the same as notified earlier.
The Government remains committed to supporting India’s manufacturing sector. The exemption is expected to benefit a wide range of sectors dependent on petrochemical feedstock and intermediates, including plastics, packaging, textiles, pharmaceuticals, chemicals, automotive components and other manufacturing segments.