EPCG scheme duty exemption: concessional customs relief for capital goods imports conditional on export obligation and compliance. Exempts capital goods and specified spares imported under the EPCG Scheme from duty above a concessional rate when a valid authorization is produced, subject to bond execution, non-disposal until export obligation fulfillment, installation certification, and compliance with block-wise export obligations calculated as multiples of duty saved with sectoral reductions and permitted deemed exports counting towards discharge.