The Government has prolonged the entire customs duty exemption on critical petrochemical imports till July 15, 2026, offering additional relief to downstream industries amid persisting supply chain disruptions connected to the conflict in West Asia. The exemption, originally valid until June 30, 2026, was launched as a temporary measure to safeguard domestic availability of main petrochemical intermediates. The list of included products stays unchanged from the earlier notification.
As per the official communication, the exemption was essential because Indian petroleum companies have been informed to prioritize LPG manufacturing during this period, reducing output of petrochemical feedstocks. Although the geopolitical situation is progressively stabilising, the authorities has opted for a short, 15‑day extension to make certain a smooth transition for impacted sectors.
“As the situation is steadily normalizing… it has been decided to extend the stated exemption via a further period of 15 days,” a notification stated.
The degree is anticipated to help a huge range of industries dependent on petrochemical inputs – inclusive of plastics, packaging, textiles, pharmaceuticals, chemicals, automotive components, and other production segments – whilst also providing indirect relief to customers of finished goods.
