India cuts import duty to zero on key petrochemical feedstocks Change India has exempted Basic Customs Duty (BCD) on a range of petrochemical feedstocks including methanol, styrene, vinyl chloride monomer, monoethylene glycol (MEG), phenol, acetic acid, purified terephthalic acid (PTA), and related inputs, reducing the effective import duty to nil. Why it matters Import costs for core chemical inputs across plastics, polyester, packaging, and industrial manufacturing chains drop immediately, altering landed cost structures and supplier economics for downstream producers. CBIC · Apr 13 More actions Like (sign in) Save (sign in) Share Facebook LinkedIn X / Twitter Copy link
India removes import cess on ammonium nitrate for three months Change India has exempted the Agriculture Infrastructure and Development Cess (AIDC) on ammonium nitrate imports, reducing the effective cess rate to nil from 2 April to 30 June 2026. Why it matters Import costs for ammonium nitrate—a key input in explosives, mining, and industrial applications—drop for the three-month window, temporarily altering input cost structures and procurement timing. CBIC · Apr 12 More actions Like (sign in) Save (sign in) Share Facebook LinkedIn X / Twitter Copy link
