Concessional customs duty on capital goods under EPCG scheme subject to licence, bond, export obligation and penalties. Concessional customs duty on import of capital goods, components and specified spare parts under the EPCG scheme is conditional on production of a valid EPCG licence, execution of a bond securing an export obligation measured as a multiple of CIF value to be fulfilled over a staged period, timely production of evidence of export performance, installation and use of imported capital goods certified by authorised officers or independent engineers where permitted, and payment of duty with interest proportionate to any unfulfilled export obligation with provisions for extension and condonation in defined circumstances.