Full customs duty exemption on critical petrochemicals extended to 15 July 2026
The Finance Ministry on 30 June 2026 extended the full customs duty exemption on imports of critical petrochemical products, given in view of the West Asia conflict, by 15 days to 15 July 2026.
Summary
The Finance Ministry on 30 June 2026 extended by 15 days, to 15 July 2026, the full customs duty exemption on imports of critical petrochemical products that had been due to end on 30 June. The exemption was given as temporary relief during the West Asia conflict, when Indian petroleum companies were asked to concentrate on LPG production. The list of products is unchanged, and sectors such as plastics, packaging, textiles, pharmaceuticals, chemicals and automotive components are expected to benefit.
Key facts
- Extended to
- 15 July 2026 (was 30 June 2026)
- Relief
- Full customs duty exemption on critical petrochemical imports
- Reason
- West Asia conflict; refiners focused on LPG
- Products
- List unchanged
Practice MCQs 1 questions
In June 2026 the full customs duty exemption on imports of critical petrochemical products, given in view of the West Asia conflict, was extended till:
Show answer
Correct answer: C — 15 July 2026
The exemption, due to end on 30 June 2026, was extended by 15 days to 15 July 2026.