EPCG licence cancellation: cancelled unutilised licences with bonded goods permit ex-bonding under the replacement scheme's conditions. Where an EPCG licence is cancelled as unutilised while the imported capital goods remain in Customs bond and have not been cleared under EPCG terms, the EPCG obligations are not operative; ex-bonding and clearance may proceed as normal goods, subject to the conditions of the scheme under which they will be cleared, and no contravention of EPCG conditions is to be construed.