New Delhi, April 2 -- In a move to cushion domestic industries from global supply disruptions, the Government on Wednesday announced a full customs duty exemption on select critical petrochemical products in view of the ongoing conflict in West Asia.
According to an official statement, the exemption will remain in force till June 30, 2026, and aims to ensure the uninterrupted availability of essential petrochemical inputs for domestic manufacturing sectors.
The decision comes amid heightened geopolitical tensions in West Asia, which have led to disruptions in global supply chains and increased cost pressures on industries reliant on petrochemical feedstock and intermediates.
The government said the measure is intended as a temporary re...
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