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New Delhi, Apr 3 (PTI) Industries spanning consumer goods to cement, which are facing challenges from rising production and packaging costs amid geopolitical tensions in West Asia, expect the government's move to reduce customs duty on a range of petrochemical products to provide much-needed relief to manufacturers and downstream sectors. Petrochemicals are critical raw materials for plastics, and a lower cost could translate into cheaper packaging materials for sectors such as FMCG, retail, an ...Read More >
New Delhi: The government on Thursday exempted customs duty on select critical petrochemical products for three months till June 30, aiming to cushion domestic industries from supply disruptions triggered by the ongoing West Asia conflict. Describing the move as a "temporary and targeted relief", the Finance Ministry said it will help ensure availability of key inputs, reduce cost pressures and maintain supply chain stability. The measure is expected to cost the exchequer about Rs1,800 crore. ...Read More >
New Delhi, April 2: The government on Thursday exempted import of critical petrochemical products from customs duty for three months till June 30, giving relief to sectors like pharmaceuticals, chemicals and textiles, and ensuring supply stability amid the ongoing West Asia crisis. The "temporary and targeted relief" will cost the exchequer about Rs 1,800 crore, but help ensure price stability, continuity in production and supply chain, CBIC Member (Tax Policy), Sanjay Mangal told reporters at ...Read More >
New Delhi: The Centre on Thursday exempted import of critical petrochemical products from customs duty for three months till June 30. The government, however, aims to give a huge relief to sectors such as pharmaceuticals, chemicals and textiles, among others, and ensure supply stability amid the ongoing West Asia crisis. Crucial chemicals like ammonium nitrate, methanol, and PVC for three months have been waived from import duty, starting April 2. As part of the emergency measure of the governm ...Read More >
The government on Thursday (April 2, 2026) exempted import of critical petrochemical products from customs duty to ensure supply stability and provide relief to consumers of final products amid the crisis in West Asia. The duty exemption, which is valid till June 30, will benefit sectors dependent on petrochemical feedstock and intermediates such as plastics, packaging, textiles, pharmaceuticals, chemicals, automotive components and other manufacturing segments. On global tensions and India's ...Read More >
NEW DELHI: The government on Thursday exempted import of critical petrochemical products from customs duty to ensure supply stability and provide relief to consumers of final products amid the crisis in West Asia. The duty exemption, which is valid till June 30, will benefit sectors dependent on petrochemical feedstock and intermediates such as plastics, packaging, textiles, pharmaceuticals, chemicals, automotive components and other manufacturing segments. In a statement, the finance ministry ...Read More >
New Delhi: In light of the ongoing conflict in West Asia and the consequent disruptions in global supply chains, the Government of India has decided to provide full Customs Duty exemption on critical petrochemical products till 30th June, 2026, the Finance Ministry said on Thursday. This measure, according to the ministry, has been taken as temporary and targeted relief to ensure the continued availability of critical petrochemical inputs for the domestic industry, reduce cost pressures on down ...Read More >
New Delhi, Apr 2 (PTI) The government on Thursday exempted import of critical petrochemical products from customs duty to ensure supply stability and provide relief to consumers of final products amid the crisis in West Asia. The duty exemption, which is valid till June 30, will benefit sectors dependent on petrochemical feedstock and intermediates such as plastics, packaging, textiles, pharmaceuticals, chemicals, automotive components and other manufacturing segments. In a statement, the fina ...Read More >
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