Recently, the Indian government proposed to levy a 15% tax on all imported petrochemical products in the current fiscal year ending March 2021 due to the sluggish domestic industry due to the epidemic situation. The proposed temporary tariffs apply to all imported products under the Indian Free Trade Agreement (FTAs), including organic and inorganic chemicals, plastics, rubber, rayon and staple fibers. However, due to higher production costs, downstream end users in India strongly oppose this measure called "Coronavirus Tax". The Indian coronavirus tax was originally scheduled to be valid for 11 months from May this year, but it has not yet been implemented.