India Extends Customs Duty Exemption on Key Petrochemical Imports Until July 15
The Indian government has extended the full customs duty exemption on imports of about 40 critical petrochemical products until July 15, 2026. Initially introduced on April 2 as a temporary relief due to supply disruptions from the West Asia conflict, the extension aims to ensure supply stability and ease cost pressures for industries such as plastics, packaging, textiles, pharmaceuticals, chemicals, and automotive components. The government stated this measure supports manufacturing continuity and benefits consumers by helping contain product costs as the situation gradually normalizes.