Full Customs Duty Exemption on Critical Petrochemical Products in view of ongoing conflict in West Asia

Notification / Circular No.: 12 / 2026

Applicable Act / Rule: Customs Act, 1962

Effective Date: April 02, 2026

The Central Government has exempted Basic Customs Duty (BCD) to NIL on import of specified petrochemical products.

  • The exemption covers approximately 40 key petrochemical and polymer inputs, including:
  • Methanol, Acetic Acid, Styrene
  • Monoethylene Glycol (MEG), Phenol, Purified Terephthalic Acid (PTA)
  • Polymers such as Polyethylene (PE), Polypropylene (PP), Polyvinyl Chloride (PVC), PET, ABS, Polycarbonates, etc.
  • The exemption is temporary in nature and shall remain in force up to June 30, 2026.

 

  • The objective of the notification is to:
    • Ensure uninterrupted supply of critical industrial inputs
    • Reduce cost pressures on downstream industries
    • Support sectors such as plastics, textiles, FMCG, pharmaceuticals, and automotive
  • 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.
  • The detailed list of the products is placed at Annexure below.

CTH

Description of goods

2814 10 00

Anhydrous ammonia

2902 30 00

Toluene

2902 50 00

Styrene

2903 12 00

Dichloromethane (methylene chloride)

2903 21 00

Vinyl chloride monomer

2905 11 00

Methanol (methyl alcohol)

2905 12 20

Isopropyl alcohol

2905 31 00

Monoethylene Glycol (MEG)

2907 11 10

Phenol

2915 21 00

Acetic acid

2915 32 00

Vinyl acetate monomer

2917 36 00

Purified Terephthalic Acid (PTA)

2921 21 00

Ethylenediamine

2922 11 10, 2922 11 90, 2922 12 00

Di Ethanolamine and Mono Ethanolamine

2929 10 20

Toluene di-isocyanate

3102 30 00

Ammonium nitrate

3817 00 11

Linear alkylbenzenes

3901

Polymers of ethylene (including Ethylene-vinyl acetate)

3902 10 00, 3902 30 00, 3902 90 00

Polypropylene

3903 11 00, 3903 19 10, 3903 19 90

Polystyrene

3903 20 00

Styrene-acrylonitrile (SAN)

3903 30 00

Acrylonitrile-butadiene-styrene (ABS)

3904 10 10, 3904 10 20, 3904 10 90

Polyvinyl Chloride (PVC)

3904 61 00

Polytetrafluoroethylene

3905 12, 3905 19

Polyvinyl acetate

3905 30 00

Polyvinyl alcohol

3906 10 10, 3906 10 90

Poly (methyl methacrylate)

3907 10 00

Polyoxymethylene (POM- acetal)

3907 29

Polyols

3907 29 90

Polyether Ether Ketone (PEEK)

3907 30 10

Epoxy resins

3907 40 00

Polycarbonates

3907 50 00

Alkyd resins

3907 61, 3907 69

Poly ethylene terephthalate (PET) Chips

3907 91 20

Unsaturated polyester resins

3907 91 50

Poly butylene terepthalate

2912 11 00, 3909 10 10, 3909 20 10, 3909 40 20

Formaldehyde, Urea formaldehyde, Melamine formaldehyde, Phenol formaldehyde

3909 50 00

Polyurethanes

3911 90 90

Polyphenylene sulphide (PPS)

4002

Poly butadiene, Styrene butadiene

Disclaimer: The information contained in this Article is intended solely for personal non-commercial use of the user who accepts full responsibility of its use. The information in the article is general in nature and should not be considered to be legal, tax, accounting, consulting or any other professional advice. We make no representation or warranty of any kind, express or implied regarding the accuracy, adequacy, reliability or completeness of any information on our page/article. 

To stay updated Subscribe to our newsletter today

Explore other Legal updates on the 1-Comply and follow us on LinkedIn to stay updated 

Post Views: 18

Schedule A Demo