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    <title>Highlights of Interim Union Budget 2014-15</title>
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    <description>Interim budget amendments expand service tax exemptions to cover handling, storage, warehousing, transportation and job work milling of rice and add exemption for cord blood bank services. Central excise rates are reduced for mobile handsets (with CENVAT distinctions), machinery under Chapters 84-85 and various automobile categories; many cuts are time limited. Customs measures extend a pulses duty exemption, withdraw CVD relief on certain road construction machinery, rationalise duties on specified industrial oils, exempt LNG in an ONGC SEZ and remnant LNG to DTA from BCD and CVD, grant concessional duty for specified capital goods import, and fully exempt human embryo from customs duty.</description>
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    <pubDate>Tue, 18 Feb 2014 07:50:31 +0530</pubDate>
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