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of <h1>EPCG Scheme: Submit License, Bond, and Bank Guarantee for Compliance; Follow Specific Formats for Export Obligation Fulfillment.</h1> The circular outlines the procedures for handling the Export Promotion Capital Goods (EPCG) scheme. It requires EPCG license holders to submit necessary documents, including a request letter, original license, bond, and bank guarantee (BG) as per prescribed formats. The bond must cover the duty exempted and interest, while the BG should comply with specific norms. License holders must prove export performance or duty payment for BG exemptions. The bond/BG must be filed for a minimum of three years, with conditions for self-renewal. After fulfilling export obligations, licensees must apply for bond/BG cancellation with specific documentation. Compliance with the outlined procedures is mandatory.
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