India Exempts Imports of Some Chemicals From Customs Duty

India’s finance ministry cut customs duty on imports of 40 chemical products to nil, according to a gazette notification dated April 1.

• The notification is effective from April 2 to June 30
• Items include ammonium nitrate, polyurethanes, polycarbonates, anhydrous ammonia, methanol, polypropylene, and polystyrene among others
• NOTE: Asia’s Chemical Makers at Risk From Mideast Shipping Halt: BNEF
• NOTE: Iran War Could Cut 70% of New Polyethylene Projects: BNEF Chart

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Shruti Srivastava

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