New Delhi, June 30 -- The India government on Tuesday (30 June) said that nil customs duty on import of critical petrochemical products by 15 days till July 15 to ensure continuity of supply stability amid the West Asia crisis.

The move is intended to maintain an uninterrupted supply of essential petrochemical feedstock for manufacturers while cushioning businesses from rising import costs linked to ongoing regional instability.

In a notification issued on Tuesday, the Finance Ministry prolonged the customs duty exemption on nearly 40 critical petrochemical products until 15 July.

The waiver was first introduced on 2 April as what the government described as a "temporary and targeted relief" in response to supply chain disruptions trig...