- Government grants full customs duty exemption on critical petrochemical products till June 30, 2026
- Exemption aims to support sectors like plastics, textiles, pharmaceuticals
- Measures seek to ensure supply stability and reduce cost pressures amid Middle East conflict
The government on Thursday granted full customs duty exemption on critical petrochemical products in view of ongoing conflict in the Middle East. The exemption will benefit sectors dependent on petrochemical feedstock and intermediates such as plastics, packaging, textiles, pharmaceuticals, chemicals, automotive components, other manufacturing segments and provide relief to consumers of final products. The full customs duty exemption on critical petrochemical products will be applicable till June 30, 2026.
This government said that these measures have been taken as a temporary and targeted relief in order to ensure continued availability of critical petrochemical inputs for domestic industry, reduce cost pressures on downstream sectors, and safeguard supply stability in the country.
Here is a detailed list of products:
S.No. | Description of goods |
| 1. | Anhydrous ammonia |
| 2. | Toluene |
| 3. | Styrene |
| 4. | Dichloromethane (methylene chloride) |
| 5. | Vinyl chloride monomer |
| 6. | Methanol (methyl alcohol) |
| 7. | Isopropyl alcohol |
| 8. | Monoethylene Glycol (MEG) |
| 9. | Phenol |
| 10. | Acetic acid |
| 11. | Vinyl acetate monomer |
| 12. | Purified Terephthalic Acid (PTA) |
| 13. | Ethylenediamine |
| 14. | Di Ethanolamine and Mono Ethanolamine |
| 15. | Toluene di-isocyanate |
| 16. | Ammonium nitrate |
| 17. | Linear alkylbenzenes |
| 18. | Polymers of ethylene (including Ethylene-vinyl acetate) |
| 19. | Polypropylene |
| 20. | Polystyrene |
| 21. | Styrene-acrylonitrile (SAN) |
| 22. | Acrylonitrile-butadiene-styrene (ABS) |
| 23. | Polyvinyl Chloride (PVC) |
| 24. | Polytetrafluoroethylene |
| 25. | Polyvinyl acetate |
| 26. | Polyvinyl alcohol |
| 27. | Poly (methyl methacrylate) |
| 28. | Polyoxymethylene (POM- acetal) |
| 29. | Polyols |
| 30. | Polyether Ether Ketone (PEEK) |
| 31. | Epoxy resins |
| 32. | Polycarbonates |
| 33. | Alkyd resins |
| 34. | Poly ethylene terephthalate (PET) Chips |
| 35. | Unsaturated polyester resins |
| 36. | Poly butylene terepthalate |
| 37. | Formaldehyde, Urea formaldehyde, Melamine formaldehyde, Phenol formaldehyde |
| 38. | Polyurethanes |
| 39. | Polyphenylene sulphide (PPS) |
| 40. | Poly butadiene, Styrene butadiene |
Disruption in shipping routes amid the Middle East war has raised concerns over imports of fertiliser, crude oil and natural gas. India is a major importer of fertiliser and petroleum. Global crude prices have risen by almost 50% since the United States and Israel launched military strikes against Iran on Feb 28, triggering sweeping retaliation from Tehran.
The government had last week slashed excise duty on petrol and diesel by Rs 10 a litre as it looked to shield consumers from the impact of rising global crude prices amid the ongoing war.
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