Centre extends duty relief on key petrochemical products till July 15

The government has extended the import duty exemption on about 40 key petrochemical products by 15 days, now until July 15. This move aims to support domestic industries facing supply chain disruptions and rising costs due to West Asian tensions. The temporary relief, initially introduced in April, helps sectors like plastics and pharmaceuticals by easing the impact on imported raw materials and freight costs.

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