Service tax exemption for central bank: taxable services to, by, and received by the bank are relieved from levy. Exempts taxable services connected with the Reserve Bank of India from service tax: services provided to the Reserve Bank; services provided by any person to the Reserve Bank when the Reserve Bank is statutorily liable to pay the tax; and services received in India from outside India by the Reserve Bank. The exemption supersedes the earlier notification and was issued under the Finance Act as a public interest taxation exemption.