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India extends petrochemical duty exemption to July 15

India extends petrochemical duty exemption to July 15



India extends petrochemical duty exemption to July 15

The Indian government has extended the full customs duty exemption on imports of critical petrochemical products until July 15, 2026, keeping temporary import relief in place for downstream users such as textile manufacturers that depend on petrochemical feedstock and intermediates, according to the Ministry of Finance.The exemption had earlier been available until June 30, 2026 as a targeted response to the conflict in West Asia and related disruptions in global supply chains. It was introduced to ensure sufficient availability of petrochemicals in the domestic market during the period.

India has extended the full customs duty exemption on imports of critical petrochemical products to July 15, 2026.
The move keeps short-term relief in place for sectors using petrochemical feedstock, including textiles, packaging and chemicals.
Importers and manufacturers get a 15-day transition window as West Asia-related supply disruptions ease.

As the situation is gradually normalising, the government decided to extend the relief by a further 15 days to support a smooth, non-disruptive transition for affected sectors, the Ministry of Finance said in a press release.

The list of products covered by the exemption remains unchanged from the earlier notification.

The measure is expected to benefit sectors dependent on petrochemical feedstock and intermediates, including plastics, packaging, textiles, pharmaceuticals, chemicals, automotive components and other manufacturing segments.

The release also said the step would provide relief to consumers of final products.

For textile and apparel supply chains, the short extension keeps relief available on covered imports during the transition period, supporting continuity for manufacturers exposed to petrochemical availability disruptions.

ALCHEMPro News Desk




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