The government has no plans to curb import of chemicals and petrochemicals by raising Customs duty.
The import of chemicals and petrochemicals is on the rise in the last five years due to insufficient domestic supply. Currently, there is no proposal under consideration of the Department of Revenue to increase import duty to cut down imports.
As per report, Import of chemicals and petrochemicals rose to 12.66 million tonne in 2018-19 fiscal from 12.34 million tonne in 2017-18.
