• Dated 21th May, 2022
Tax Alert

Updates on Notification no. 26/2022, dated 21-05-2022

In order to reduce the cost of domestic production of plastic products, Import duty on following raw materials of plastics products has been reduced w.e.f. 22-05-2022

  1. Naphtha (HS - 2710) has been reduced from 2.5% to *1
  2. Propylene Oxide (HS-29102000) has been reduced from 5% to 2.5%
  3. Ploymers of Vinyle Chloride (HS-3904) has been reduced from 10% to 7.5%