Export prohibition on wheat triggers stricter RC issuance: mandatory LC verification and investigation of ante-dating, with enforcement referrals. Prohibition on wheat exports requires RAs to physically verify all Letters of Credit, secure recipient-bank endorsement, and investigate instances where LC dates precede the prohibition but message exchanges post-date it for possible ante-dating. Ante-dated cases must prompt enforcement action and possible referral to investigative agencies; bank complicity will be addressed. RC applications that clear RA verification must obtain approval from a two-member Additional DGFTs committee at headquarters before RC issuance.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Export prohibition on wheat triggers stricter RC issuance: mandatory LC verification and investigation of ante-dating, with enforcement referrals.
Prohibition on wheat exports requires RAs to physically verify all Letters of Credit, secure recipient-bank endorsement, and investigate instances where LC dates precede the prohibition but message exchanges post-date it for possible ante-dating. Ante-dated cases must prompt enforcement action and possible referral to investigative agencies; bank complicity will be addressed. RC applications that clear RA verification must obtain approval from a two-member Additional DGFTs committee at headquarters before RC issuance.
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