diff --git a/charts/signoz/Chart.yaml b/charts/signoz/Chart.yaml
index 33e3865..9578a3f 100644
--- a/charts/signoz/Chart.yaml
+++ b/charts/signoz/Chart.yaml
@@ -52,4 +52,4 @@ sources:
 - https://github.com/signoz/alertmanager
 - https://github.com/signoz/signoz-otel-collector
 type: application
-version: 0.0.2
+version: 0.0.3
\ No newline at end of file
diff --git a/charts/signoz/values.yaml b/charts/signoz/values.yaml
index c506ec4..6a6cff5 100644
--- a/charts/signoz/values.yaml
+++ b/charts/signoz/values.yaml
@@ -1635,10 +1635,6 @@ otelCollector:
           initial_interval: 5s
           max_interval: 30s
           max_elapsed_time: 300s
-      otlp/tracetest:
-        endpoint: http://localhost:4317
-        tls:
-          insecure: true
       prometheus:
         endpoint: 0.0.0.0:8889
     service:
@@ -1666,11 +1662,6 @@ otelCollector:
           receivers: [otlp]
           processors: [logstransform/internal, batch]
           exporters: [clickhouselogsexporter]
-        traces/test:
-          receivers: [otlp]
-          processors: [batch]
-          exporters: [otlp/tracetest]
-          
 
 # Default values for OtelCollectorMetrics
 otelCollectorMetrics: