CBIC

Data on Gross GST Collections for March 2026 and FY 2025-26 has been released. The data is available on the following link: gst.gov.in/newsandupdates…

QRMP योजना के अंतर्गत आने वाले जीएसटी करदाता, कृपया ध्यान दें!

GST के अंतर्गत आने वाले इनपुट सर्विस डिस्ट्रीब्यूटर (ISD), कृपया ध्यान दें!

DRI Mumbai busts gold smuggling syndicate in Op Dhahabu Blitz; approx. 30 kg gold worth ₹38 crore seized, 24 women carriers arrested. 👉Under Operation Dhahabu Blitz, 24 foreign nationals were intercepted. Swift and coordinated enforcement action led to the recovery of 25.10 kg gold bars and 4.27 kg gold jewellery from these passengers. 👉For details pib.gov.in/PressReleasePa…

जिन ई-कॉमर्स ऑपरेटर्स द्वारा जीएसटी के अंतर्गत स्रोत पर कर एकत्रित (TCS) किया जाना है, कृपया ध्यान दें!

Duty Deferment Scheme for Eligible Manufacturer Importers

The Government of India has taken a critical step in response to disruptions arising from the West Asia conflict by announcing a 100% customs duty waiver on key products until June 30, 2026. This timely and targeted relief is expected to ensure supply stability and reduce input costs for critical downstream sectors-including pharmaceuticals, plastics, textiles, chemicals, automotive, and packaging-ultimately benefiting both manufacturers and consumers. A strong step towards sustaining industrial resilience and supporting growth : Mr.Ashok Madan, Executive Director, Indian Drug Manufacturers' Association #Pharmaceuticals

The Government’s decision to provide full customs duty exemption on critical petrochemical products is a highly timely and strategic intervention amid ongoing geopolitical uncertainties and supply chain disruptions. By ensuring the uninterrupted availability of essential petrochemical inputs, this move will significantly ease cost pressures across multiple sectors, including pharmaceuticals, where such derivatives are integral to manufacturing processes and packaging solutions. For the pharmaceutical industry, in particular, maintaining a stable and cost-efficient supply chain is critical to ensuring the continued availability of high-quality and affordable medicines : Mr Anil Matai, Director General, OPPI #Pharmaceuticals #Pharmaindustry

#WATCH | India’s decision to grant full customs duty exemption on select petrochemical inputs amid West Asia disruptions is a timely and proactive move. It will help stabilize rising input costs for the medtech industry, ensure manufacturing continuity, and prevent price hikes in essential medical devices. While offering immediate relief, it also underscores the need to build domestic capabilities in raw materials to strengthen long-term supply chain resilience. @narendramodi @MIB_India @PIB_India #MedTech #MedicalDevices #Petrochemicals #CustomsDuty #SupplyChain #WestAsiaCrisis

#WATCH | The ongoing West Asia conflict has triggered a global crisis, disrupting supply chains and sharply increasing freight costs, impacting the availability of key energy products like LPG and petrochemicals. To manage the situation, the Government of India has formed a high-level committee and is closely monitoring developments. The pharmaceutical industry has welcomed recent measures, including duty exemptions and freight support, to ensure uninterrupted supply of medicines to patients: Sudarshan Jain, Secretary General, Indian Pharmaceutical Alliance @narendramodi @MIB_India @PIB_India #WestAsiaCrisis #GlobalCrisis #SupplyChain #EnergyPrices #LPG #Petrochemicals @sjainindjain

#WATCH | Govt announces major relief for petrochemical & export sectors The government has reduced custom duty on petrochemicals to zero, easing pressure on industries amid global uncertainties, especially the ongoing West Asia conflict. This move is expected to stabilize raw material costs and benefit sectors like textiles and plastics. Along with earlier reductions in duties on petrol and diesel, this step reflects a broader reform push aimed at boosting manufacturing growth and strengthening India’s global competitiveness. A key policy support has also been extended to SEZ units, allowing them to sell up to 30% of their peak exports in the domestic market under certain value-addition norms. This will help exporters navigate global demand pressures amid geopolitical tensions. Chief Economist of ASSOCHAM, Dr. S.P. Sharma, welcomed these measures, stating that they will help strengthen manufacturing, support exporters, and ensure India’s continued growth as a fastest-growing major economy. #Economy #Manufacturing #Exports #IndiaGrowth #Reforms

#WATCH | Preemptive relief for the auto sector can help stabilize supply chains rather than just cut prices. Since many auto components rely on petrochemical inputs like plastics and polymers, the exemption may reduce disruption risks and contain cost pressures. This could ensure steady availability of spares and consumables even amid global volatility: Saharsh Damani, CEO of the Federation of Automobile Dealers Associations (FADA) #AutoIndustry #SupplyChain #EnergyCrisis #Petrochemicals #AutoSector #GlobalTrade

#WATCH | The government’s decision to exempt certain intermediate products from customs duty is a timely and pragmatic measure. Ongoing disruptions in the Middle East have driven up crude oil and petrochemical prices, increasing the cost of synthetic fibres, while higher natural gas prices are raising fertilizer costs, adding pressure on agricultural production. This dual impact is affecting both the man-made fibre and cotton value chains, making cost management critical. The exemption is expected to stabilise input costs, support downstream textile segments, and ensure supply continuity. Overall, the move is well-targeted and proactive, aimed at protecting industry competitiveness, easing pressure on consumers, and providing significant relief to the manufacturing sector, particularly SMEs: Dr. Siddhartha Rajagopal, Executive Director, The Cotton Textiles Export Promotion Council #CustomsDuty #TextileIndustry #ManufacturingIndia

#WATCH | On April 1, 2026, the Government of India announced a key decision to bring several critical petrochemical products under zero import duty.Amid global disruptions and supply chain challenges, this move offers major relief to the pharmaceutical sector by stabilizing prices and benefiting manufacturers, solvent suppliers, and consumers. It is a timely and forward-looking step to strengthen supply chains and maintain stability: Namit Joshi, Chairman Pharmexil @narendramodi @MIB_India @PIB_India #Pharmaceuticals #PolicyUpdate #IndustryRelief

#WATCH | The government has waived import duties on key solvents and chemicals used in API and formulation manufacturing, helping curb recent price escalation. This move will support the availability of affordable medicines across India, with the Indian Drug Manufacturers Association welcoming the decision: Dr. Viranchi Shah, National President, Indian Drug Manufacturers Association @narendramodi @PIB_India @MIB_India #PharmaIndustry #APIs #AffordableMedicines #HealthcareIndia #DrugManufacturers #PharmaSector #ImportDuty

The duty waiver on key petrochemical inputs is a welcome and timely step. The industry expresses its sincere appreciation to the Government of India, especially the @FinMinIndia, @Pharmadept, and the @CimGOI for this support. Raw materials such as Polypropylene, ABS, Polycarbonate, and PVC resin form the backbone of medical consumables manufacturing, and their exemption provides much-needed relief to domestic manufacturers, especially MSMEs. Additionally, the recent reversal of the earlier 50% reduction in RoDTEP rates is a positive and encouraging move. It will significantly enhance the competitiveness of the Indian medical devices industry on the global stage and support export growth: Mr Himanshu Baid, Co-Chair-FICCI Medical Devices Committee and Managing Director, Poly Medicure Limited.

Import duty on critical petrochemicals has been reduced!

𝐈𝐧𝐭𝐞𝐫-𝐌𝐢𝐧𝐢𝐬𝐭𝐞𝐫𝐢𝐚𝐥 𝐁𝐫𝐢𝐞𝐟𝐢𝐧𝐠 𝐨𝐧 𝐑𝐞𝐜𝐞𝐧𝐭 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬 𝐢𝐧 𝐖𝐞𝐬𝐭 𝐀𝐬𝐢𝐚 Sanjay Mangal, Member (Tax Policy), CBIC says, the Government of India has decided to give full customs duty exemption on critical petrochemical products for a period of about 3 months, till June 30... #WestAsiaConflict @cbic_india @MEAIndia

The Duty Deferment Facility to the approved Eligible Manufacturer Importers (EMIs)!