India Waives Import Tax on Petrochemicals as War Roils Supply Chains

AI Briefing

• – India waives import tax on 40 petrochemicals to ease supply chain disruptions caused by the war in the Middle East.
• – Relief measure aims to support industries that are diverting output to produce liquefied petroleum gas (LPG) as domestic production increases.
• – Exemption applies until June 30, 2026, as part of efforts to mitigate impact of global supply chain disruptions.