India Waives Customs Duty on Petrochemical Imports Amid West Asia Conflict
The Government of India has announced a full exemption of customs duty on certain key petrochemical products until June 2026, aiming to mitigate the effects of supply chain disruptions caused by conflict in West Asia. This temporary measure targets sectors reliant on petrochemical feedstocks and intermediates, such as plastics, pharmaceuticals, and textiles, to reduce cost pressures and ensure product availability.
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