NEW DELHI, April 2 (Xinhua) -- The Indian government on Thursday announced full customs duty exemption on a range of critical petrochemical products to ensure supply stability and shield the domestic industry and consumers from the impact of disruptions caused by the ongoing conflict in the Middle East.
The exemption, which covers 40 key products, including anhydrous ammonia, methanol, toluene, styrene, vinyl chloride monomer and polybutadiene, will remain in force until June 30.
According to the federal Ministry of Finance, the move was a temporary and targeted relief measure aimed at ensuring the continued availability of key petrochemical inputs, reducing cost pressures on downstream sectors and safeguarding supply stability amid global volatility. ■
