CBIC amends List 34A and 34B of the Notification No. 50/2017-Customs dated 30.06.2017
The Ministry of Finance (Department of Revenue) issued a notification dated April 28, 2025, amending Notification No. 50/2017-Customs. This amendment, effective from April 1, 2025, and valid until March 31, 2026, revises List 34A and List 34B in the annexure to the table of the principal notification. List 34A now includes Axis Bank Limited, Bank of India, Federal Bank Limited, HDFC Bank Limited, Industrial and Commercial Bank of China Limited, ICICI Bank Limited, IndusInd Bank Limited, Kotak Mahindra Bank Limited, Karur Vysya Bank Limited, Punjab National Bank, RBL Bank Limited, State Bank of India, and Yes Bank Limited. List 34B now comprises Indian Overseas Bank and Union Bank of India. This notification is issued under the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962, and sub-section (12) of section 3 of the Customs Tariff Act, 1975, in the public interest.
MINISTRY OF FINANCE
(Department of Revenue)
Notification No. 24/2025-Customs | Dated: 28th April, 2025
G.S.R. 268(E).— In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962) and sub-section (12) of section 3 of the Customs Tariff Act, 1975 (51 of 1975), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 50/2017- Customs, published in the Gazette of India , Extraordinary, Part II, section 3, sub-section (i), vide number G.S.R 785 (E), dated the 30th June 2017, namely:-
In the said notification, in the Annexure to the Table, for List 34A and List 34B, and the entries relating thereto, the following Lists and entries shall respectively be substituted, namely:-
“ List 34A (See S. No. 359A of the Table) – with effect from 1st April, 2025 and valid upto 31st March, 2026:
1. Axis Bank Limited
2. Bank of India
3.Federal Bank Limited
4.HDFC Bank Limited
5.Industrial and Commercial Bank of China Limited
6. ICICI Bank Limited
7. IndusInd Bank Limited
8. Kotak Mahindra Bank Limited
9.Karur Vysya Bank Limited
10. Punjab National Bank
11. RBL Bank Limited
12. State Bank of India
13. Yes Bank Limited
List 34B (See S. No. 359A of the Table)- with effect from 1st April, 2025 and valid upto 31st March, 2026 :
1. Indian Overseas Bank
2. Union Bank of India.”.
[F. No. 190354/35/2023-TRU]
DHEERAJ SHARMA, Under Secy.
Note: –The principal notification No. 50/2017-Customs, dated the 30th June, 2017 was published in the Gazette of India, Extraordinary, Part II, section 3, sub-section (i), vide number G.S.R. 785(E), dated the 30th June, 2017 and last amended vide notification No. 23/2025-Customs, dated the 4th April, 2025 published in the Gazette of India, Extraordinary, Part II, section 3, sub-section (i), vide number G.S.R. 218(E), dated the 4th April, 2025.
