India Ends Import Tax on Petrochemicals for Local Firms
India has removed import taxes on 40 petrochemical products until June 30. This move supports local firms after domestic supplies were diverted to cooking gas.
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India has officially abolished import taxes on a variety of petrochemicals essential for the production of plastics and pharmaceutical goods. The decision follows the government's invocation of emergency powers to divert local chemical supplies toward the manufacturing of cooking gas, a move necessitated by supply chain disruptions stemming from the conflict in Iran.
