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The DGFT, however, said that the sulphur content in the NPC should be less than 0.8 per cent, which would be monitored by state pollution control boards. It also said that the import of low-sulphur pet coke is restricted, and its imports are subject to authorisation from the directorate for use in integrated steel plants only for blending with the coking coal in recovery-type coke ovens equipped with desulphurisation plants.

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"India's global market share in sectors like apparel, leather, shoes, and marine products has been decreasing, primarily due to concerns over quality rather than pricing issues," Global Trade Research Initiative (GTRI) Co-founder Ajay Srivastava said.

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"The agro-climatic condition in Brazil is suitable for producing urad. We are seriously exploring imports of urad from Brazil. The talks are in an advanced stage," the Secretary told reporters. About 2 lakh tonne of urad has been imported from Myanmar so far in the current calendar year, he said. India is exploring other destinations for sourcing urad in order to reduce its dependency on Myanmar.

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Exports of engineering goods to Russia jumped 11 times in April this year to USD 133.6 million as compared to year-ago month while the US and China markets continued to soften, the engineering export promotion council said on Saturday.

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Import of medical equipment declined 13.6 per cent to $2.2 billion last fiscal year as compared to 2021-22. Similarly, import of solar cells, parts, diodes slumped 70.9 per cent to $1.9 billion in 2022-23. The report stated that import of laptops, PCs slipped 23.1 per cent to USD 4.1 billion and that of mobile phones came down by 4.1 per cent to $857 million in last financial year as compared to 2021-22.

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This can be attributed to a surge in shipment of goods such as petroleum products, electronic items, chemicals, and aluminium goods, reported PTI, citing commerce ministry's data. India's trade surplus with the Netherlands has also increased from USD 8 billion in 2021-22 to USD 13 billion in 2022-23.

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The finance ministry has exempted imports of crude soya bean and sunflower oils from basic customs duty and agriculture infrastructure and development cess till June 30, subject to certain conditions. The duty exemption is applicable only for importers holding TRQ (Tariff Rate Quota) licence for 2022-23 fiscal.

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“Import of apples���is Prohibited' wherever the CIF Import Price is less than equal ot Rs 50/- per kilogram. Minimum Import Price conditions shall not be applicable for imports from Bhutan,” DGFT said.

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The reliance of Europe on Indian crude oil products has surged. This increase can be linked with the ban on Russian oil. The data also showed that Europe's refined fuel imports from India are set to surge above 360,000 barrels a day, edging just ahead of those of Saudi Arabia.

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India is likely to produce 32.8 million tonnes of sugar in the 2022-2023 marketing year, down 3.5% from the previous forecast, as sugar cane yields in major producing states fell due to erratic weather conditions, ISMA said. The trade body in January was expecting India to produce 34 million tonnes in the current season ending on Sept. 30, after harvesting a record 35.8 million tonnes in the previous season.

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Authorities have started stock verification at the processing units of pulses in the major production hubs in Maharashtra. The process started after Union food department officials visited a dozen dal processing centres on April 15. This has led to panic and the traders are afraid of court cases and litigation, people dealing in the commodity said.

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The anti-dumping duty would be valid for five years, said a notification by the Central Board of Indirect Taxes and Customs(CBIC).

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According to provisional data of the commerce ministry, the bilateral trade between India and the US has increased by 7.65 per cent to USD 128.55 in 2022-23 as against USD 119.5 billion in 2021-22. It was USD 80.51 billion in 2020-21. On the other hand, during 2022-23, India's two-way commerce with China declined by about 1.5 per cent to USD 113.83 billion as against USD 115.42 billion in 2021-22.

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“Huge delta of opportunities are there in India,” Goyal said while addressing the India France Business Summit in Paris. The minister had earlier said that France is India’s preferred partner in defence, economy and investments. Goyal said that India is attracting investment and technology in the defence sector from around the world as indigenous manufacturing is being promoted.

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Grasim Industries Ltd and Sintex Industries have filed an application before the Directorate General of Trade Remedies (DGTR) for initiation of the sunset review of the anti-dumping duty imposed on imports of 'flax yarn of below 70 lea count' exported from China to India.

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India's trade deficit with China in 2021-22 has reduced to 83.8% from 86.7% in 2014-15 due to fewer commodities and services exhibiting trade deficit, according to Minister of State for Commerce and Industry Anupriya Patel. The major commodities where India has a trade deficit with China include electronic components, computer hardware, telecom instruments, industrial machinery for dairy, and organic chemicals.

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Six product categories - petroleum, crude oil; coal, coke; diamond, precious metals; chemicals, pharma, rubber, plastics; electronics; and machinery - account for 82 per cent of India's total merchandise imports.