Service tax exemption expanded to include rice handling, transport and cord blood bank preservation services under amended notification. The exemption notification 25/2012 ST has been amended to exempt services of loading, unloading, packing, storage or warehousing of rice, and a circular clarifies that transportation of rice by rail, vessel or by a Goods Transport Agency is exempt as 'food stuff'. Milling of paddy into rice as job work is confirmed as an intermediate production process exempt under the notification. The notification also adds services by cord blood banks for preservation of stem cells and related services to the exempt list.
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Provisions expressly mentioned in the judgment/order text.
Service tax exemption expanded to include rice handling, transport and cord blood bank preservation services under amended notification.
The exemption notification 25/2012 ST has been amended to exempt services of loading, unloading, packing, storage or warehousing of rice, and a circular clarifies that transportation of rice by rail, vessel or by a Goods Transport Agency is exempt as "food stuff". Milling of paddy into rice as job work is confirmed as an intermediate production process exempt under the notification. The notification also adds services by cord blood banks for preservation of stem cells and related services to the exempt list.
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