Duty exemption for inputs for manufacture of iron and steel intermediates subject to licensing, bond and utilisation conditions. Exemption from customs duty for inputs used to manufacture iron and steel intermediates is granted subject to production of the import licence under the Engineering Products Export (Replenishment) Scheme, furnishing a bond with surety to secure duty payment and interest where conditions are breached, prohibition on disposal or use except for fulfilment of the licenced supply obligation, restrictions on spares and consumables, endorsement rules for transferability of licence benefits, adherence to I-O Norms and Release Advice, and prescribed ports, airports or ICDs for import/export.