date:Mar 02, 2016
Union finance minister Arun Jaitley, in his Union Budget presentation, announced a slew of measures for the cold chain industry that would boost the backend infrastructure that is required to bridge the gap between farm and retail food business.
In order to encourage cold storage facilities in the farm sector, Jaitley exempted Service tax on all facilities provided by the state-run National Centre for Cold Chain Development (NCCD) under ministry of agriculture, effective from April 1. At presen