Advance License and EPCG bond and bank guarantee norms revised with specified BG exemptions, security levels, and compliance conditions. 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.