Friday, September 04, 2009

Essential items tax exempt

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rediff
The government has made essential items service tax exempt for transportation through railways and waterways. According to the notification issued by the Central Board of Excise and Customs (CBEC), the list of items exempt includes - edible oil seeds and edible oils; food grains (cereals and pulses) and flour, petroleum and petroleum products and Hank yarn made wholly from cotton. other items are raw jute and jute textile, seeds for food crops and fruits and vegetables, seeds for cattle feed, jute seeds, medicine/pharmaceutical products, relief materials meant for victims of natural or other disasters, defence or military equipments.

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