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    <title>DEEC/ EPCG Scheme - Bond facility extended to Export Houses &amp; Other Relaxations</title>
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    <description>Export Houses are permitted parity with Trading Houses to clear imports under DEEC and to clear capital goods under EPCG against a bond without a bank guarantee, except where the EPCG Committee specifically prescribes a bank guarantee. Under the zero-duty EPCG, exemption from bank guarantee on bond clearance is confined to Trading House tiers, while Export Houses may clear on bond subject to a reduced bank guarantee for the duty differential saved or any higher minimum prescribed by the EPCG Committee.</description>
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      <description>Export Houses are permitted parity with Trading Houses to clear imports under DEEC and to clear capital goods under EPCG against a bond without a bank guarantee, except where the EPCG Committee specifically prescribes a bank guarantee. Under the zero-duty EPCG, exemption from bank guarantee on bond clearance is confined to Trading House tiers, while Export Houses may clear on bond subject to a reduced bank guarantee for the duty differential saved or any higher minimum prescribed by the EPCG Committee.</description>
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