7th June, 2005
Notification No. 21/2005-Service Tax
In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 (32 of 1994) (hereinafter referred to as the Finance Act), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby exempts the taxable service of production or processing of goods for, or on behalf of, the client, referred to in sub-clause (v) of clause (19) of section 65 of the said Finance Act, provided by a commercial concern, in the course of manufacture of,-
(a) cut and polished diamonds and gem stones; or
(b) plain and studded jewellery of gold and other precious metals,
falling under Chapter 71 of the Central Excise Tariff Act, 1985 (5 of 1986), from the whole of service tax leviable thereon under section 66 of the said Finance Act.
2. This notification shall come into force on the 16th day of June, 2005.
F. No. B1/5/2005-TRU
Under Secretary to the Government of India