Home India Ministry of Finance Amending List 34A and 34B...
Date: 2025-04-28 Category: Extra Ordinary State: Union Government Country: India

Amending List 34A and 34B

Issued by Ministry of Finance · Department of Revenue

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Executive Summary & Key Takeaways

This notification, No. 24/2025-Customs, issued by the Ministry of Finance, Department of Revenue, and dated April 28, 2025, amends Notification No. 50/2017-Customs, dated June 30, 2017. The amendment pertains to exemptions under Section 25(1) of the Customs Act, 1962, and Section 3(12) of the Customs Tariff Act, 1975, deemed necessary in the public interest. Specifically, it substitutes Lists 34A and 34B in the Annexure to the Table within the original notification. List 34A, effective from April 1, 2025, and valid until March 31, 2026, 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, also effective from April 1, 2025, and valid until March 31, 2026, includes Indian Overseas Bank and Union Bank of India. The notification is issued under F. No. 190354/35/2023-TRU and signed by Dheeraj Sharma, Under Secretary. The principal notification was published as G.S.R. 785(E) on June 30, 2017, and last amended by Notification No. 23/2025-Customs, published as G.S.R. 218(E) on April 4, 2025.

Key Entities Referenced

Ministry of Finance: The Indian government ministry responsible for economic and financial matters. Department of Revenue: A department within the Ministry of Finance, Government of India. Customs Act, 1962: An Indian law related to customs duties and regulations. Customs Tariff Act, 1975: An Indian law related to customs tariffs. Central Government: The executive branch of the Government of India. New Delhi: The capital of India. Axis Bank Limited: A private sector bank in India listed in List 34A State Bank of India: A public sector bank in India listed in List 34A
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-28042025-262745 CG-DxLx-xEG-I2D8H0x4x2x0 25-262745 xxxGIDExxx असाधारण EXTRAORDINARY भाग II—खण्ड 3—उप-खण्ड (i) PART II—Section 3—Sub-section (i) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 229] नई दिल्ली, सोमिार, अप्रलै 28, 2025/ििै ाख 8, 1947 No. 229] NEW DELHI, MONDAY, APRIL 28, 2025/VAISAKHA 8, 1947 जित्त मत्रं ालय (रािस्ट्ि जिभाग) अजधसचू ना नई दिल्ली, 28 अप्रैल, 2025 स.ं 24/2025-सीमािल्ु क सा.का.जन. 268(अ).— सीमा िुल्क अजधजनयम, 1962 (1962 का 52) की धारा 25 की उप धारा (1) और सीमािुल्क टैररफ अजधजनयम, 1975 (1975 का 51) की धारा 3 की उपधारा (12) द्वारा प्रित्त िजियों का प्रयोग करत ेहुए, केन्‍द र सरकार, बस ात से संतुटट ोोते हुए दक ससा करना िनजोत म वि्यक ो,ै एतद्द्वारा, भारत सरकार, जित्त मंत्रालय (रािस्ट्ि जिभाग) की अजधसूचना संख्या 50/2017-सीमािुल्क, जिसे सा.का.जन. संख्या 785 (अ), दिनांक 30 िनू , 2017 के तोत भारत के रािपत्र, असाधारण, भाग II, खंड 3, उप-खडं (i) म प्रकाजित दकया गया था, म और वग े जनम्नजलजखत संिोधन करती ो,ै अथाात ् :- उि अजधसूचना म, ताजलका के अनुलग्नक म , सूची 34 क एिं सूची 34 ख, और उसस े सं ंजधत प्रजिजियों के स्ट्थान पर, जनम्नजलजखत सूजचयां एिं प्रजिजियां प्रजतस्ट्थाजपत की िाएँगी, अथाात :- “ सूची 34क (ताजलका का क्रमांक 359क िेख ) - 1 अप्रलै , 2025 से प्रभािी और 31 माच,ा 2026 तक िैध ो ै: 1. एजससस ैंक जलजमटेड 2. ैंक ऑफ बंजडया 2817 GI/2025 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] 3. फेडरल ैंक जलजमटेड 4. एचडीएफसी ैंक जलजमटेड 5. बंडजस्ट्रयल एंड कमर्िायल ैंक ऑफ चाबना जलजमटेड 6. वईसीवईसीवई ैंक जलजमटेड 7. बंडसबंड ैंक जलजमटेड 8. कोटक महोरं ा ैंक जलजमटेड 9. करूर िै्य ैंक जलजमटेड 10. पंिा नेिनल ैंक 11. वर ीएल ैंक जलजमटेड 12. भारतीय स्ट्टेट ैंक 13. यस ैंक जलजमटेड सूची 34ख (ताजलका का क्रमांक 359क िेख ) - 1 अप्रलै , 2025 से प्रभािी और 31 माच,ा 2026 तक िैध ो ै: 1. बंजडयन ओिरसीि ैंक 2. यूजनयन ैंक ऑफ बंजडयाI”I [फा. सं. 190354/35/2023-टीवरयू] धीरि िमाा, अिर सजचि रटप्पणी: - मूल अजधसूचना संख्य ा 50/2017-सीमा िुल्क, दिनांक 30 िून, 2017 को सा.का.जन. 785(अ), दिनांक 30 िून, 2017 के तोत भारत के रािपत्र, असाधारण, भाग ।।, खंड 3, उप-खंड (i) म प्रकाजित दकया गया था और बसम अंजतम ार अजधसूचना संख्या 23/2025-सीमा िुल्क, दिनांक 04 अप्रलै , 2024, को भारत के रािपत्र, असाधारण, भाग ।।, खंड 3, उप खडं (i) म सा.का.जन. 218(अ) द्वारा दिनांक 04 अप्रैल, 2024 को संिोजधत दकया गया था। MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 28th April, 2025 No. 24/2025-Customs 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:-[भाग II—खण् ड 3(i)] भारत का रािपत्र : असाधारण 3 “ 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. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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