The Ministry has said that the exemption is expected to benefit a wide range of sectors dependent on petrochemical feedstock and intermediates. These include plastics, packaging, textiles, pharmaceuticals, chemicals, automotive components and other manufacturing segments. The Ministry has added that it will also provide relief to consumers of final products.
The Finance ministry, in a statement, noted a total of 40 goods on which the customs duty have been exempted, which include Methanol, Anhydrous ammonia, Toluene, Styrene, Dichloromethane (methylene chloride), and Vinyl chloride monomer, among others.
The decision underscores a strategic administrative response aimed at stabilizing industrial supply chains and mitigating economic strain amid global uncertainty, reinforcing the government’s commitment to maintaining production continuity and shielding key sectors from escalating input costs.
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