TaxTMI 
TaxTMI 
Government extends full customs duty exemption on critical petrochemical products in view of ongoing conflict in West Asia till 15th July 2026
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....overnment extends full customs duty exemption on critical petrochemical products in view of ongoing conflict in West Asia till 15th July 2026<BR>Customs, DGFT & SEZ<BR>Dated:- 30-6-2026<BR><BR>The Government had earlier provided a full Customs Duty exemption on imports of critical petrochemical products till 30^th June 2026, as a temporary and targeted relief in view of the conflict in West Asia a....
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....nd the 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, to ensure a smooth and non-disruptive transition for the affected sectors, it has been decid....
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....ed to extend the said exemption by a further period of 15 days, that is, till 15th July 2026.The list of products covered remains the same as notified earlier. The Government remains committed to supporting India's manufacturing sector. As before, the exemption is expected to benefit a wide range of sectors dependent on petrochemical feedstock and intermediates, including plastics, packagin....
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....g, textiles, pharmaceuticals, chemicals, automotive components and other manufacturing segments. This will also provide relief to consumers of final products. Related Notifications : NOTIFICATION NO. 22/2026-CUSTOMS NOTIFICATION NO. 23/2026-CUSTOMS =============<BR> News - Press release - PIB....