Service tax exemption for long-term industrial plot lease premiums removes levy on upfront consideration by public development corporations. Exempts from levy under section 66B the taxable service provided by State Government Industrial Development Corporations/Undertakings to industrial units for granting long term leases of industrial plots where the tax is leviable on the one time upfront amount (described as premium, salami, cost, price, development charges or by any other name) payable for such lease.