India waives import duties on petrochemicals until June 2026
Temporary duty-free window for key inputs
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Change
India waived customs duties on 40 petrochemical products and exempted ammonium nitrate from cess for imports until June 30, 2026.
Why it matters
The relief creates a short-term import window requiring accelerated procurement before duties resume.
Implications
- — Importers must advance purchases — cost savings limited to window
- — Post-deadline imports face full duties — pricing risk returns
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