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of <h1>Standard rules for bonds and bank guarantees under duty exemption and EPCG schemes, including coverage, categories, and conditions</h1> Revised instructions set out standardized norms for bonds and bank guarantees under duty exemption and EPCG schemes: bonds must cover net duty exposure and BGs vary by importer category (nil for top-rated houses/PSUs in some cases; 25% for manufacturer-exporters; 50-100% or scheme-specific rates for others), with commissioners empowered to require higher BGs where revenue risk or past defaults exist. EPCG bonds must cover differential duty, with minimum two-year bond terms and BGs maintained for full export-obligation periods (e.g., 4+1 or 8+1 years); consignment-wise BGs permitted at port of registration. Joint parent-subsidiary bonds allowed subject to >50% parent shareholding and joint liability. Guidelines apply to future imports and uncleared consignments.
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