The Ministry of Finance (MoF) on May 06, 2024, issued an amendment in an older notification no. 50/2017- Customs, dated June 30, 2017, related to the effective rates of customs duty and IGST for goods imported into India.
The following amendments have been stated:
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 - with effect from April 01, 2024, and valid up to March 31, 2025:
o Axis Bank Limited
o Federal Bank Limited
o HDFC Bank Limited
o Industrial and Commercial Bank of China Limited
o ICICI Bank Limited
• List 34B - with effect from April 01, 2024, and valid up to March 31, 2025:
o Indian Overseas Bank
o Punjab National Bank
o Union Bank of India
[Notification No 25/2024 -Customs]
