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    <title>EPCG exemption</title>
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    <description>A full bank guarantee is required for import of capital goods under the EPCG scheme where the importer is registered as an excise manufacturer but has not started production and lacks recent export activity; customs will demand the guarantee at clearance and no circular was identified to avoid that requirement.</description>
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      <description>A full bank guarantee is required for import of capital goods under the EPCG scheme where the importer is registered as an excise manufacturer but has not started production and lacks recent export activity; customs will demand the guarantee at clearance and no circular was identified to avoid that requirement.</description>
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