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of <h1>Storage Facilities for Liquid Cargo Not Taxed as C&F Agents per Section 65, But Taxed Under Finance Bill 2002.</h1> The Central Board of Excise & Customs clarified that agencies providing storage facilities for liquid cargo in tanks are not liable for service tax as clearing and forwarding (C&F) agents under Section 65 of the Finance Act, 1994. These agencies only charge rent for storage and do not engage in activities typical of C&F agents, such as handling goods dispatch or receiving commissions. Therefore, their services do not fall under the C&F category. However, under the Finance Bill, 2002, storage and warehousing services, including liquid cargo, will be subject to service tax, excluding agricultural produce and cold storage services.
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