India waives import duties on petrochemicals until June 2026
→Temporary duty-free window for key inputs
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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Source
View on Economic Times