Centre warns of CBI action against post-dated wheat export letter of credit

The government had banned wheat on May 13 but allowed exports against valid irrevocable LCs issued on or before then as a transitional arrangement. Later, it directed to get the LCs registered to ensure that only exporters with valid and genuine LCs got the final nod.

Centre warns of CBI action against post-dated wheat export letter of credit
The government had banned wheat on May 13 but allowed exports against valid irrevocable LCs issued on or before then as a transitional arrangement. Later, it directed to get the LCs registered to ensure that only exporters with valid and genuine LCs got the final nod.