Thanks
FYI i found the following code that helped me with taxonomy usage for caegories..
pasting for anyone else who may read with the same need..
function geodir_taxonomy_breadcrumb() {
$term = get_term_by( 'slug', get_query_var( 'term' ), get_query_var( 'taxonomy' ) );
$parent = $term->parent;
while ($parent):
$parents[] = $parent;
$new_parent = get_term_by( 'id', $parent, get_query_var( 'taxonomy' ));
$parent = $new_parent->parent;
endwhile;
if(!empty($parents)):
$parents = array_reverse($parents);
foreach ($parents as $parent):
$item = get_term_by( 'id', $parent, get_query_var( 'taxonomy' ));
$url = get_term_link( $item, get_query_var( 'taxonomy' ) );
echo '<li> > <a href="'.$url.'">'.$item->name.'</a></li>';
endforeach;
endif;
echo '<li> > '.$term->name.'</li>';
}