Bank guarantee exemption for Advance License and EPCG schemes subject to eligibility, certification, and no prior export default. Revised norms require bonds/BGs in the prescribed format securing duty forgone under Advance License and EPCG schemes; recognised status holders and qualifying manufacturer-exporters may obtain BG exemption subject to no past export-obligation default, absence of penalisation under customs/excise/FEMA/foreign-trade laws, and submission of export performance or excise-payment certificates certified by the jurisdictional Superintendent of Central Excise. Customs may demand higher or full BG where revenue risk exists, accept consignment-wise BG at the port of license registration, and must maintain registers and ensure timely enforcement or renewal of guarantees.