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of <h1>Trade Notice Issued: Exporters Using Fake Backdated Letters of Credit for Wheat Exports Prohibited by Notification No.06/2015-2020.</h1> The Directorate General of Foreign Trade issued a trade notice regarding the implementation of Notification No.06/2015-2020, which prohibits the export of wheat effective from May 13, 2022. It has been reported that some exporters are submitting fraudulent backdated Letters of Credit (L/C) to obtain Registration Certificates. The notice clarifies that for L/C registration, the message exchange date between Indian and foreign banks must also be on or before May 13, 2022. This directive is issued with the approval of the competent authority to prevent fraudulent practices.
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