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<h1>Central Government Sets 10% Concessional Duty on Capital Goods Under EPCG Scheme; Export Obligation Applies.</h1> The notification issued by the Central Government under the Customs Act, 1962, provides a concessional customs duty rate of 10% on capital goods, components, and spares imported under the Export Promotion Capital Goods (EPCG) Scheme, as per the EXIM Policy 1997-2002. To qualify, importers must hold a valid EPCG license and fulfill an export obligation equivalent to four times the CIF value of the imported goods within five years. The notification outlines conditions for installation, export obligation fulfillment, and penalties for non-compliance, including interest on unpaid duties. Extensions for export obligations are possible under specified circumstances.