Analysis
Customs
1 min read
Customs Duty and AIDC Exemptions Granted for Specific Imports
Full Story
Effective April 2 to June 30, 2026, the government exempted customs duty and AIDC on specific imported chemicals.
Background
The Ministry of Finance issued notifications on April 1, 2026, under Section 25(1) of the Customs Act, 1962, to reduce input costs and support industries. This responds to public interest and supply chain disruptions.
Key Analysis
Reduced import costs
Nil duty rates lower expenses for manufacturers.
Sector support
Benefits industries using chemicals like ammonium nitrate.
Temporary measure
Exemptions valid until June 30, 2026.
Bottom Line
Tax professionals should note the limited duration of these exemptions for relevant import transactions.
Watch For
Null
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