CBIC Updates Bank List for Duty-Free Import of Gold and Silver for FY 2025–26

Customs • News • Case Chronicles

Duty-Free Import of Gold and Silver

Notification No. 24/2025-Customs, Dated 28-04-2025

The Ministry of Finance has amended Notification No. 50/2017-Customs, Dated 30-06-2017 to update List 34A and List 34B in the Annexure to the Table under S. No. 359A, specifying the banks eligible for specific customs exemptions for duty-free import of gold and silver or both.

List 34A contains thirteen major banks, as specified in the notification and List 34B includes Indian Overseas Bank and Union Bank of India.

It is to be noted that the revised lists shall be effective from 01-04-2025 to 31-03-2026.

Leave Comment

Your email address will not be published. Required fields are marked *

Related Stories
SC Clarifies CESTAT Did Not Uphold Finding Against Customs Broker

Customs • News • Case Chronicles

September 17, 2025

Customs Finalisation of Provisional Assessment Regulations 2025 – CBIC Notification 55/2025

Customs • News • Statutory Scope

September 16, 2025

HC Backs Preferential Treatment For Startups And MSMEs

Customs • News • Case Chronicles

September 15, 2025

HC Orders Release Of Detained Personal Gold Jewellery

Customs • News • Case Chronicles

September 15, 2025

Provisional Release of Seized Roasted Areca Nuts Allowed | HC

Customs • News • Case Chronicles

September 12, 2025

Battery Operated AMR Water Meters Classifiable Under 9026 10 10 | SC

Customs • News • Case Chronicles

September 12, 2025

Polyester Bed Sheets Classified Under Heading 6304: CESTAT

Customs • News • Case Chronicles

September 10, 2025

Appeal Maintainable in HC if Issue is Breach of Duty Exemption Condition | SC

Customs • News • Case Chronicles

September 9, 2025

Gold Bars to Be Released to Bank on Provisional Basis | HC

Customs • News • Case Chronicles

September 8, 2025

Metal-Core PCBs Classifiable as Printed Circuits Under CTH 8534 | SC

Customs • News • Case Chronicles

September 6, 2025