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of <h1>Exemption on Insurance Services for Agriculture Schemes Rescinded Under Finance Act, Section 93</h1> The Central Government, under section 93 of the Finance Act, 1994, exempted taxable services related to general insurance business under the National Agricultural Insurance Scheme (Rashtriya Krishi Bima Yojana), the Pilot Scheme on Seed Crop Insurance, and the Farm Income Insurance Scheme from the entire service tax applicable under section 66 of the Act. This exemption was initially notified on July 6, 2000, and amended on May 2, 2005. It was later rescinded by Notification No. 34/2012 on June 20, 2012.
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