Concessional duty on EPCG imports secures a five percent tariff benefit contingent on fulfilling staged export obligations. Concessional customs duty of five percent applies to capital goods, components and permitted spare parts imported under a valid EPCG licence, subject to production of the licence, execution of a bond securing an export obligation equal to five times the CIF value on an FOB basis, staged block wise fulfilment over defined periods (with alternate extended schedules for certain licences and units), certification of installation and use, and payment of proportionate duty with interest where obligations are not met; re export for defective goods and limited sectoral relief are also provided, and public notices govern interest on regularisation.