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ARTICLE · 08 APRIL 2026

TPM Consultants: April 2026 - Key Highlights

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The Ministry of Finance, vide Notification No. 12/2026-Customs dated 1st April 2026, has exempted Basic Customs Duty on imports of certain petrochemicals & polymers into India.

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Key Highlights

Indian Updates

Basic Customs Duty exempted for imports of 40 key petrochemicals and polymers into India

The Ministry of Finance, vide Notification No. 12/2026-Customs dated 1st April 2026, has exempted Basic Customs Duty on imports of certain petrochemicals & polymers into India. The exemption has been allowed in public interest, and will come into force on 2nd April and remain in force till 30th June 2026. Key products such as Anhydrous Ammonia, Methanol, Toluene, Isopropyl Alcohol, Ammonium Nitrate, Styrene, Monoethylene Glycol (MEG), Purified Terephthalic Acid (PTA), Phenol, Acetic Acid, Polyethylene, Polypropylene, PVC, Polystyrene, Acrylonitrile-butadiene-styrene, Styrene-acrylonitrile, PET Chips, Polycarbonates, Polyurethane, Linear Alkyl Benzenes, Epoxy Resins, Alkyd Resins, Melamine Formaldehyde Resins, Polytetrafluoroethylene, etc. have been exempted from Basic Customs Duty.1 Imports of Ammonium Nitrate have also been exempted from Basic Customs Duty as well

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