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<h1>5% Concessional Duty on Capital Goods Under EPCG Scheme: Conditions, Export Obligations, and Compliance Details Explained.</h1> The notification outlines 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 2002-2007. It stipulates conditions for availing the exemption, including possession of a valid EPCG license, execution of a bond to fulfill export obligations, and installation of goods at the importer's premises. Export obligations are set at five times the CIF value, with specific timelines for fulfillment. Provisions for extensions and adjustments in case of default or sectoral export decline are included. The notification also defines 'capital goods' and 'export obligation' in detail.