What happened
The Ministry of Finance has extended the full customs duty exemption on critical petrochemical products until 15 July 2026. The exemption was earlier scheduled to end on 30 June 2026.
According to the government release, the relief is meant to ensure adequate availability of petrochemicals in the domestic market while Indian petroleum companies focus on liquefied petroleum gas (LPG) production during a period of supply-chain stress linked to conflict in West Asia.
Background and earlier position
The government had already offered a temporary and targeted customs-duty exemption on imports of critical petrochemical products because global supply chains were disrupted by the conflict in West Asia. The current extension is described as a short bridge measure to support a smooth transition as conditions gradually normalise.
The release says the list of products covered remains unchanged from the earlier notification. The stated policy objective is to protect downstream manufacturing activity until imported supplies stabilise.
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