Import of Gold or Silver by Banks - Exemption from IGST on import - Seeks to further amend List 34A and List 34B in the Appendix to the Table of Notification No. 50/2017-Customs dated 30.06.2017 - 25/2024 - Customs -Tariff

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION NO. 25/2024 -Customs New Delhi, the 6th May, 2024 G.S.R. 270(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, dated the 30th June, 2017, 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, 2024 and valid upto 31st March, 2025 : 1. Axis Bank Limited 2. Federal Bank Limited 3. HDFC Bank Limited 4. Industrial and Commercial Bank of China Limited 5. ICICI Bank Limited 6. IndusInd Bank Limited 7. Kotak Mahindra Bank Limited 8. Karur Vysya Bank Limited 9. RBL Bank Limited 10. State Bank of India 11. Yes Bank Limited List 34B (See S. No. 359A of the Table) - with effect from 1st April, 2024 and valid upto 31st March, 2025 : 1. Indian Overseas Bank 2. Punjab National Bank 3. Union Bank of India . [F. No. CBIC-190354/35/2023-TO(TRU-I)] VIKRAM VIJAY WANERE, 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. 19/2024-Customs, dated the 15th March, 2024 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 206 (E), dated the 15th March, 2024.