The Ministry of Finance has extended the full Customs Duty exemption on imports of critical petrochemical products until 15 July 2026, providing an additional 15-day relief beyond the earlier deadline of 30 June 2026. The temporary exemption was initially introduced to address disruptions in global supply chains caused by the ongoing conflict in West Asia and to ensure adequate domestic availability of petrochemical feedstock while Indian petroleum companies prioritized LPG production. As supply conditions gradually improve, the Government has opted for a phased withdrawal by extending the exemption to facilitate a smooth transition for industries dependent on these imports. The list of eligible products remains unchanged. The extension is expected to support key manufacturing sectors, including plastics, packaging, textiles, pharmaceuticals, chemicals, and automotive components, by lowering input costs and ensuring uninterrupted raw material supplies. The measure is also expected to benefit consumers by helping stabilize prices of finished products during the transition period.
Ministry of Finance
Government extends full customs duty exemption on critical petrochemical products in view of ongoing conflict in West Asia till 15th July 2026
Posted On: 30 JUN 2026 5:20PM by PIB Delhi
The Government had earlier provided a full Customs Duty exemption on imports of critical petrochemical products till 30th June 2026, as a temporary and targeted relief in view of the conflict in West Asia and the consequent disruptions in global supply chains.
The exemption was provided to ensure sufficient availability of petrochemicals in the domestic market as Indian petroleum companies had been asked to concentrate on the production of LPG during this period. As the situation is gradually normalizing, to ensure a smooth and non-disruptive transition for the affected sectors, it has been decided to extend the said exemption by a further period of 15 days, that is, till 15th July 2026.The list of products covered remains the same as notified earlier.
The Government remains committed to supporting India’s manufacturing sector. As before, the exemption is expected to benefit a wide range of sectors dependent on petrochemical feedstock and intermediates, including plastics, packaging, textiles, pharmaceuticals, chemicals, automotive components and other manufacturing segments. This will also provide relief to consumers of final products.
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Link to previous press note issued:
Customs Duty Waived on 40 Key Petrochemicals Products till 30 June 2026
