Indian Govt. waives customs duty on petrochemicals till June 30
Sri Lanka, April 2 -- The central government on Thursday exempted a wide range of critical petrochemical products till June 30th, in light of the ongoing war in the Middle East and the consequent disruptions in global supply chains.
The exemptions, effective from April 2, apply to imports of products such as ammonium nitrate, methanol, styrene, acetic acid and polyvinyl chloride, the government order said.
The government also exempted ammonium nitrate from the Agriculture Infrastructure and Development Cess for the same period.
Detailed list of the products exempted
A clutch of industries that use petrochemicals as inputs, from pharmaceuticals and paints to textiles and toys, is facing the brunt of the Iran conflict as r...
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