Govt extends customs duty waiver on import of key petrochemical products till July 15

The government has extended the nil customs duty on approximately 40 critical petrochemical products by another 15 days, now until July 15. This move aims to maintain supply stability for sectors like plastics, packaging, and pharmaceuticals, which rely on these imports. The temporary relief, initially granted due to West Asia crisis-induced supply chain disruptions, seeks to ease cost pressures and ensure continued availability of essential industrial inputs.