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of <h1>Central Government amends EPCG notifications under Customs Act, 1962, revising export obligations for high-value licenses.</h1> The Central Government has amended several EPCG (Export Promotion Capital Goods) notifications under the Customs Act, 1962, to modify conditions related to export obligations. For licenses with a CIF value of at least Rs. 100 crores, the export obligation must be fulfilled over 12 years, with specified proportions for different periods. Extensions for fulfilling export obligations and condoning shortfalls are allowed for up to two years, except for licenses with a CIF value of Rs. 100 crores or more, where overall period extensions are not permitted. These amendments apply to notifications from 1995, 1997, and 2000.
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