The import tax exemption on 40 merchandise is legitimate till June 30. Illustration: Ajaya Mohanty
India will forego ₹1,800 crore ($193.02 million) in revenues after New Delhi’s choice to abolish import tax on petrochemicals used for making plastics and pharmaceutical items for 3 months, a authorities supply mentioned on Thursday.
The choice to finish the levy got here as the federal government invoked emergency powers and diverted native chemical compounds for manufacturing of cooking fuel to handle shortages attributable to the Gulf conflict.
The import tax exemption on 40 merchandise is legitimate till June 30.
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First Published: Apr 02 2026 | 1:38 PM IST