EPCG scheme modifications allow spares import with reduced export obligation, broaden capital goods definition, and flexible bank guarantees. Amendments to FTP RE 2012 modify EPCG conditions: spares, moulds, dies, jigs, fixtures, tools and refractories for initial lining for existing plant and machinery may be imported under EPCG subject to an export obligation equal to 50% of the obligation for capital goods imports, to be fulfilled in eight years (six years for zero duty EPCG), with c.i.f. value capped at 10% of the plant and machinery value (or 10% of book value if not imported under EPCG). The capital goods definition is broadened; bank guarantees may be provided by CSPs or users; Post Export EPCG Duty Credit Scrips are made available for duty paid imports.