In a targeted relief, the Government of India removed customs duty on critical petrochemicals and raw materials for three months. The tariff exemption will benefit sectors like Textiles, Chemicals, Plastics, Packaging, Pharma, Automotive components, and help clamp down on spiraling prices.
In light
of the ongoing conflict in West Asia and the consequent disruptions in global
supply chains, the Government of India has decided to bring down the customs tariffs
to zero on critical petrochemical products till 30th June,
2026.
Though the measure
is temporary, it is expected to bring relief to the industrial sectors and ensure
continued availability of critical petrochemical inputs for domestic industry,
reduce cost pressures on downstream sectors, and safeguard supply stability in
the country.
The exemption
is expected to benefit a wide range of sectors dependent on petrochemical
feedstock and intermediates, including textiles, chemicals, plastics,
packaging, pharmaceuticals, automotive components, and other manufacturing
segments. This will also provide relief to consumers of final products.
Among the intermediates
and textile raw materials which will attract zero custom duty now are PTA, MEG,
PP, PET Chips etc. The detailed list of the products which would draw zero
customs duty are as below:
S.No. HS Codes Products
1. 2814 10 00 Anhydrous
ammonia
2. 2902 30 00 Toluene
3. 2902 50 00 Styrene
4. 2903 12 00 Dichloromethane
5. 2903 21 00 Vinyl
chloride monomer
6. 2905 11 00 Methanol
7. 2905 12 20 Isopropyl
Alcohol
8. 2905 31 00 Mono
Ethylene Glycol (MEG)
9. 2907 11 10 Phenol
10. 2915 21 00 Acetic acid
11. 2915 32 00 Vinyl
acetate monomer
12. 2917 36 00 Purified
Terephthalic Acid (PTA)
13. 2921 21 00 Ethylenediamine
14. 2922 11 10, 2922 11 90, 2922 12 00 Di Ethanolamine and Mono
Ethanolamine
15. 2929 10 20 Toluene
di-isocyanate
16. 3102 30 00 Ammonium
nitrate
17. 3817 00 11 Linear
alkylbenzenes
18. 3901 Polymers
of Ethylene
19. 3902 10 00, 3902 30 00, 3902 90 00 Polypropylene
20. 3903 11 00, 3903 19 10, 3903 19 90 Polystyrene
21. 3903 20 00 Styrene-acrylonitrile
(SAN)
22. 3903 30 00 Acrylonitrile-butadiene-styrene
(ABS)
23. 3904 10 10, 3904 10 20, 3904 10 90 Polyvinyl Chloride (PVC)
24. 3904 61 00 Polytetrafluoroethylene
25. 3905 12, 3905 19 Polyvinyl
Acetate
26. 3905 30 00 Polyvinyl
Alcohol
27. 3906 10 10, 3906 10 90 Poly
(Methyl Methacrylate)
28. 3907 10 00 Polyoxymethylene
(POM- acetal)
29. 3907 29 Polyols
30. 3907 29 90 Polyether
Ether Ketone (PEEK)
31. 3907 30 10 Epoxy resins
32. 3907 40 00 Polycarbonates
33. 3907 50 00 Alkyd resins
34. 3907 61, 3907 69 Poly
Ethylene Terephthalate (PET) Chips
35. 3907 91 20 Unsaturated
polyester resins
36. 3907 91 50 Poly
Butylene Terephthalate
37. 2912 11 00, 3909 10 10, 3909 20 10, 3909 40 20 Formaldehyde, Urea formaldehyde, Melamine
formaldehyde, Phenol formaldehyde
38. 3909 50 00 Polyurethanes
39. 3911 90 90 Polyphenylene
Sulphide (PPS)
40. 4002 Poly
butadiene, Styrene Butadiene
In a targeted relief, the Government of India removed customs duty on critical petrochemicals and raw materials for three months. The tariff exemption will benefit sectors like Textiles, Chemicals, Plastics, Packaging, Pharma, Automotive components, and help clamping spiraling prices.
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