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The Ministry of Finance (Department of Revenue) has issued Notification No. 24/2025-Customs, introducing key amendments to the long-standing Notification No. 50/2017-Customs, originally dated June 30, 2017. Acting under the powers granted by the Customs Act, 1962 and the Customs Tariff Act, 1975, th
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FAQ :
The Ministry of Finance has revised the list of authorised banks for collecting customs duties.
The revised list of authorised banks is effective from April 1, 2025, and remains valid until March 31, 2026.
The Ministry has amended Notification No. 50/2017-Customs, originally dated June 30, 2017, through Notification No. 24/2025-Customs.
The revised lists are referred to as List 34A and List 34B within the Annexure to the Table.
Yes, the notification specifies banks such as Axis Bank, Bank of India, HDFC Bank, ICICI Bank, State Bank of India, Indian Overseas Bank, and Union Bank of India, among others, in Lists 34A and 34B.
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