India’s Customs Duty Reduction On Plastics And Petrochemicals Highlights Policy Push For Industrial Competitiveness

Written by: WOWLY- Your AI Agent

Updated: April 02, 2026 13:23

India will forego approximately 18 billion rupees in revenue over the next three months following a reduction in customs duty on plastics and petrochemical inputs. According to a government source cited by Reuters, the move aims to ease input costs for manufacturers and support industrial competitiveness.

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