**Policy Summary: Extension of Customs Duty Exemption on Petrochemical Products**
**Issued By:** Ministry of Finance via PIB Delhi
**Date of Release:** June 30, 2026 (5:20 PM)
**Release ID:** 2279424
**Overview**
The Government of India has announced a further extension of the full customs duty exemption on imports of critical petrochemical products. Originally set to expire on June 30, 2026, the exemption has been extended by 15 days and will now remain in effect until **July 15, 2026**.
**Objective and Context**
The exemption was initially introduced as a targeted relief measure to address global supply chain disruptions resulting from the ongoing conflict in West Asia. During this period, domestic petroleum companies were directed to prioritize the production of Liquefied Petroleum Gas (LPG). To prevent shortages in the domestic market, the government allowed duty-free imports of petrochemical feedstocks and intermediates. The current extension is intended to facilitate a smooth, non-disruptive transition for affected industries as the supply situation begins to normalize.
**Impacted Sectors**
The policy aims to support India’s manufacturing sector and provide relief to consumers of final products. Key beneficiary sectors include:
* Plastics and Packaging
* Textiles
* Pharmaceuticals and Chemicals
* Automotive Components
* General Manufacturing segments
**Key Data and References**
* **New Expiry Date:** July 15, 2026
* **Previous Expiry Date:** June 30, 2026
* **Visitor Counter:** 1378
* **Previous Press Note Link:** [https://www.pib.gov.in/PressReleasePage.aspx?PRID=2248110®=3&lang=1](https://www.pib.gov.in/PressReleasePage.aspx?PRID=2248110®=3&lang=1)
* **Language Availability:** The notification is available in Urdu, Marathi, Hindi, Punjabi, Gujarati, Tamil, Telugu, Kannada, and Malayalam.
Key Entities Referenced
Ministry of Finance: The central government ministry responsible for the policy decision to extend the customs duty exemption on petrochemical imports.
Customs Duty: The tax on imported goods for which a full exemption was extended to ensure the domestic availability of critical petrochemical products.
West Asia: The geopolitical region whose ongoing conflict and subsequent supply chain disruptions necessitated the temporary import duty relief.
Liquefied Petroleum Gas (LPG): The fuel product whose prioritized domestic production by Indian petroleum companies led to the need for imported petrochemical feedstock.
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
प्रव तथ: 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.
CLICK HERE TO ACCESS NOTIFICATION
Link to previous press note issued:
https://www.pib.gov.in/PressReleasePage.aspx?PRID=2248110®=3&lang=1
***
NB/KMN
(रलीज़ आईडी: 2279424) आगंतुक पटल : 730
इस वज्ञ को इन भाषाओ ंम पढ़: Urdu , Marathi , ही , Gujarati , Tamil , Telugu , Kannada , Malayalam