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<h1>5% Concessional Duty on Capital Goods Under EPCG Scheme; Conditions and Penalties for Non-Compliance Outlined.</h1> The notification grants a concessional duty of 5% on capital goods, components, and spares imported under the Export Promotion Capital Goods (EPCG) Scheme as per the EXIM Policy 2002-07. This exemption is subject to conditions, including the requirement of a valid EPCG license, execution of a bond to fulfill export obligations, and installation of imported goods in the importer's premises. The export obligation is set at eight times the duty saved, with fulfillment timelines varying based on the duty amount saved. Provisions are included for sick units and specific sectors, with penalties for non-compliance.