This means certain imported raw materials and intermediates can now come in at a lower cost, offering short-term relief to businesses dependent on them.
This is particularly relevant for MSMEs engaged in plastics, packaging, textiles, auto components, chemicals, pharma packaging, and industrial manufacturing.
For MSMEs dependent on petrochemical-based inputs, this relief may help ease input cost pressures, improve raw material availability, and support better procurement and pricing decisions.
Businesses should use this window to review raw material dependency, sourcing strategy, vendor pricing, costing and inventory plans
(Reference : Customs Notification No : 12/2026 Dated : 1st April 2026, Press Release Page | Press Information Bureau)