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Finance (Amendment) |
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AN ACT TO AMEND THE FINANCE ACT, NO. 16 OF 1995
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BE it enacted by the Parliament of the Democratic Socialist Republic of Sri Lanka as follows :-
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[27th February
, 2003 ]
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Short title
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1. This Act may be cited as the Finance (Amendment) Act, No. 4 of 2003.
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Repeal of Part I of Chapter I of Act No 16 of 1995
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2. Part I of Chapter I of the Finance Act, No. 16 of 1995, (section 2) as amended by Act, No. 24 of 1999 (hereinafter referred to as the "principal enactment") is hereby repealed.
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Amendment of section 6 of the principal Enactment
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3.Section 6 of the principal enactment is hereby amended as follows:
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(1) by the substitution for the words "includes the diesel motor vehicle levy, luxury motor vehicle levy," of the words "includes the luxury motor vehicle levy,"; and
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(2) in the marginal note to that section, by the substitution for the words "include diesel motor vehicle levy, luxury motor vehicle levy,", of the words "include luxury motor vehicle levy,".
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Amendment of section 17 of the Principal enactment
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4. Section 17 of the principal enactment is hereby amended by the repeal of the definition of the expression "specified motor vehicle" and the substitution therefor of the following definition :
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"specified motor vehicle" means any luxury motor vehicle, any semi luxury motor vehicle or any semi luxury dual purpose motor vehicle;".
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Retrospective this effect.
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5. The amendments made to the principal enactment by Act, shall be deemed for all purposes to have come into force on October 12, 2001.
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Sinhala text to prevail in case of inconsistency.
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6. In the event of any inconsistency between the Sinhala and Tamil texts of this Act. the Sinhala text shall prevail.
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