Petroleum Coke Import Duty

Reliance Industries has stopped selling petroleum coke within India and boosted imports of the product to turn it into synthetic gas to power its refineries

The memorandum of understanding (MoU) was signed on Thursday, Nalco said in a BSE filing

Vedanta, an SEZ unit in Vedanta SEZ was granted letter of approval in April 2009 for manufacture of these products. The unit had commenced production in December 2015.

The increase in import duty was announced after the Supreme Court decided to lift the ban on the use of pet coke last week