India waives import duties on 40 petrochemicals
Change
India waived customs duties on 40 petrochemical products and exempted ammonium nitrate from the Agriculture Infrastructure and Development Cess for imports cleared between April 2 and June 30, 2026.
Why it matters
The measure creates a limited three-month window for duty-free imports of specified petrochemical inputs. Procurement and import teams must accelerate orders and adjust shipping schedules because consignments cleared after June 30, 2026 will be subject to standard customs duties and, for ammonium nitrate, the cess.
Implications
- • Procurement teams at pharmaceutical, textile, paint, packaging, and toy manufacturers must front-load orders and expedite shipping to ensure listed petrochemical inputs clear customs before June 30, 2026 — imports cleared after that date will lose the duty exemption.
- • Import desks at petrochemical trading firms and independent chemical importers must schedule arrival and customs clearance of the listed products between April 2 and June 30, 2026 to claim the exemption; shipments cleared later will be charged customs duty and, for ammonium nitrate, the Agriculture Infrastructure and Development Cess.
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