Chemical Duty Relief Urged Amid Supply Chain Crisis
Indian government officials and industry representatives discuss chemical supply chain issues.
Key Highlights
Indian industries seek temporary anti-dumping duty suspension on chemical feedstocks due to West Asia supply disruptions. Protecting MSMEs and raw material access prioritized.
Indian industry organizations are petitioning the government to temporarily eliminate anti-dumping duties on essential chemical feedstocks in response to ongoing supply chain disruptions related to the West Asia crisis.
The proposed measures are aimed at safeguarding Micro, Small, and Medium Enterprises (MSMEs) and guaranteeing the continued availability of critical raw materials used in the production of packaging and various consumer goods.
The industry groups are also seeking reductions in import duties to help manage the increasing costs of these essential chemicals.