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<h1>Advance License and EPCG bond and bank guarantee norms revised with specified BG exemptions, security levels, and compliance conditions.</h1> Revised norms require bonds covering duty forgone for Advance License and EPCG imports, backed by BG, cash security, or financial-institution guarantees. BG amounts for clearance vary by category: nil for exporters meeting the Rs 5 crore and track-record criteria, PSUs, star export houses and certain manufacturer-exporters; 25% for other manufacturer-exporters; 100% for others. Exemption requires no prior export-obligation default, certified proof of export performance or duty payment, and no penalisation under Customs, Central Excise, FEMA or Foreign Trade laws in the previous three years.