The CBIC vide Notification No. 24/2025-Customs dated April 28, 2025, has amended Notification No. 50/2017-Customs. Lists 34A and 34B in the annexure have been updated. List 34A now includes 13 banks like Axis Bank, HDFC Bank, and Yes Bank Limited. List 34B includes Indian Overseas Bank and Union Bank of India. These changes are effective from April 1, 2025, to March 31, 2026.
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 |
5. Industrial and Commercial Bank of China Limited | 9. Karur Vysya Bank Limited | 13. Yes Bank Limited |
| 2. Bank of India | 6. ICICI Bank Limited | 10. Punjab National Bank |
|
|
3. Federal Bank Limited |
7. IndusInd Bank Limited | 11. RBL Bank Limited | |
| 4. HDFC Bank Limited | 8. Kotak Mahindra Bank Limited | 12. State Bank of India |
|
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 |
The Notification can be accessed at: https://a2ztaxcorp.net/wp-content/uploads/2025/04/CBIC-N.No_.-24_2025-Customs.pdf
