wheat export: Govt orders for guaranteeing strict compliance of provisions in wheat export registration course of
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The order has been issued to make sure that the exporters are usually not issued RCs primarily based on improper paperwork, it stated.
“To be able to plug the loophole, it has been determined that regional authorities will do a bodily verification of all Letters of Credit score, whether or not already accepted or beneath course of. Wherever essential, assist of an expert company could also be taken for such verification,” it stated.
The federal government is permitting wheat shipments for which irrevocable letters of credit score (LoC) have been issued on or earlier than Might 13, when the ban on the export of the meals grain was imposed.
The federal government has ordered “for bodily verifications of all paperwork to make sure strict compliance of provisions in wheat export registration course of,” it added.
