New Delhi — The Indian government issued a latest customs notice on June 30, 2026, extending the import basic tariff exemption policy covering approximately 40 key petrochemical products (including PVC, PTA, MEG, etc.) from the original deadline of June 30 to July 15, 2026.
The policy was first announced by India's Ministry of Finance on April 1, 2026, officially implemented from April 2, 2026, with an initial period of only three months. The extended maintenance of GNFC's TDI plant at Dahej, with production restart further delayed to mid-July, has heightened market concerns over short-term supply tightness, making the policy extension particularly critical.
Industry analysts believe the tariff exemption extension provides a valuable short-term export window for domestic petrochemical and plastics enterprises oriented toward export. China's PVC and polyurethane raw material exports to India are expected to remain active in the first half of July.
Market Impact:
- Inquiries for China's PVC exports to India increased; traders more willing to hold prices firm
- Short-term benefits for PTA, MEG and other polyester raw material exports to India
- Policy direction after July 15 remains uncertain; enterprises advised to accelerate shipment schedules
SCI99 analysts suggest that as a major global consumer market for plastic raw materials, India's tariff policy changes have significant implications for China's export market. Relevant enterprises are advised to closely monitor policy developments around July 15 and arrange shipment plans accordingly.
Source: SCI99, JLC Intelligence, Replasinfo | July 6, 2026
