Topic
duty relief
Commodities India Extends Duty Relief on Key Petrochemical Products Until July 15 Amid West Asia Tensions
The Indian government has extended duty relief on around 40 key petrochemical products including Anhydrous Ammonia, Methanol, and Styrene until July 15. The exemption, first introduced on April 2, aims to protect domestic industries from supply chain disruptions due to West Asia tensions. The extension comes as the government monitors global freight and supply chain impacts, with a customs revenue target of Rs 2.71 trillion for FY27.
Trade India Grants Retrospective Customs Duty Relief on Nuclear Power Equipment Import
India's Finance Ministry issued a notification granting retrospective customs duty relief on imports of select nuclear power generation equipment. The relief covers goods imported from April 2019 to January 2026, ensuring importers face no retrospective duty claims.
Trade India Grants 5-Month Duty Relief on Cotton Imports
India has announced a five-month duty exemption on cotton imports from June 1 to October 31, 2026. This measure aims to reduce input costs for the textile industry and enhance export competitiveness.
Trade India Waives Cotton Import Duty to Boost Textile Exports
India has announced a waiver on all customs duties for cotton imports from June 1 to October 30, 2026. This move aims to reduce input costs and boost the competitiveness of the textile sector, benefiting MSMEs and enhancing export potential.