Common bond for EP schemes allows a single annual running bond per IEC to streamline imports and bond management. Authorization holders under Advance Authorization, DFIA and EPCG schemes may execute one annual Common Bond for EP schemes IEC-wise for all specified-port imports in a financial year, executed at the port of first authorization registration. The bond's unique number links authorizations in the Customs EDI, permits authorization-wise debiting, allows bond value top-ups at the executing port with applicable stamp duty, and requires all associated Bank Guarantees to be furnished and maintained only at the port where the common bond was executed; export obligation discharge and Customs monitoring govern bond release and enforcement.