Duty waiver on petrochemical products extended till July 15
Indian manufacturers will continue to benefit from a full customs duty exemption on imported petrochemicals until July 15. This extension aims to stabilize input costs for sectors like plastics, packaging, and textiles, which are still navigating ...
The decision is expected to provide relief to a wide range of sectors such as plastics, packaging, textiles, pharmaceuticals, chemicals and auto components by keeping input costs in check and ensuring uninterrupted availability of raw materials. The government said the measure will continue to support domestic manufacturing while ensuring adequate availability of critical petrochemicals in the domestic market as the global supply situation gradually normalises.
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