Duty Cut on Key Polymers: Government Slashes Import Tariff to Zero for 3 Months

In a significant move aimed at controlling inflation, the Government of India has reduced import duty on key petrochemical products including PVC, PP, and PE to zero.         The decision, notified by the Ministry of Finance on April 1, 2026, comes in response to rising global price pressures amid      ongoing geopolitical tensions. Earlier, these materials attracted an import duty of 7.5%, impacting domestic prices. The temporary exemption will be effective from April 2, 2026, and remain in force until June 30, 2026. A wide range of polymer products such as Polyethylene (PE), Polypropylene (PP), and Polyvinyl Chloride (PVC) have been included under the duty waiver. Industry experts believe the move will ease raw material costs for manufacturers in plastics, packaging, and infrastructure sectors. It is also expected to improve supply availability in the domestic market. The government has invoked provisions under the Customs Act, 1962, citing public interest as the primary reason for the decision. This short-term relief is aimed at stabilizing prices and supporting downstream industries facing cost pressures. Market participants are closely watching how global price trends and supply chains respond during this three-month window. Further policy action may depend on inflation trends and geopolitical developments in the coming months.? DisclaimerThis article is published by PolyMart Pvt. Ltd. for informational purposes only. All regulatory actions are subject to updates from the Government of India.