Duty cut eases costs, but plastic MSMEs still face pressure

Duty cut eases costs, but plastic MSMEs still face pressure

The government has removed customs duty on several petrochemicals and polymers until June 30. AIPMA President Sunil Shah said the relief may lower import costs by 7.5%, but MSMEs still face steep price increases and delayed supplies. He added that polymer prices have risen sharply since the war, making it difficult for smaller firms to absorb or pass on costs.

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