Act-no-10of2012-Ports-And-Airports-Development-Levy-Amendment.pdf
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PARLIAMENT OF THE DEMOCRATIC
SOCIALIST REPUBLIC OF
SRI LANKA
PORTS AND AIRPORTS DEVELOPMENT
LEVY (AMENDMENT) ACT, No. 10 OF 2012
[Certified on 30th March, 2012]
Printed on the Order of Government
Published as a Supplement to Part II of the Gazette of the Democratic
Socialist Republic of Sri Lanka of March 30, 2012
PRINTEDATTHE DEPARTMENTOFGOVERNMENTPRINTING,SRILANKA
TO BEPURCHASED AT THE GOVERNMENT PUBLICATIONS BUREAU, COLOMBO 5
Price : Rs. 2.50 Postage : Rs. 5.00

Ports and Airports Development Levy 1
(Amendment) Act, No. 10 of 2012
[Certified on 30th March, 2012]
L.D.—O.7/2012.
ANACT TO AMEND THE PORTS AND AIRPORTS DEVELOPMENT LEVY
ACT, NO. 18 OF 2011
BE it enacted by the Parliament of the Democratic Socialist
Republic of Sri Lanka as follows :-
1. This Act may be cited as the Ports and Airports Short title and
Development Levy (Amendment) Act, No. 10 2012 and date of
operation.
shall be deemed to have come into operation on January 1,
2012 unless different dates of operation are specified in the
relevant sections.
2. Section 4 of the Ports and Airports Development Amendment to
Levy Act, No. 18 of 2011 is hereby amended by the repeal of section 4 of Act,
No. 18 of 2011.
subsection (2) thereof and substitution therefor of the
following subsection :-
“(2) Notwithstanding the provisions of sections
2 and 3, the Director – General of Customs shall
defer the collection of the levy on the importation
of any article –
(i) for the use of any specified project identified
by the Minister in charge of the subject of
Finance, having regard to the interests of the
national economy on which the tax is borne
by the government, with effect from July 1,
2009 until such time the article is re-exported
after the completion of such project, subject
to the furnishing of a corporate guarantee
which covers the amount of the tax due on
the article so imported; or
(ii) being plant, machinery or equipment by any
undertaking qualified for a tax exemption
under section 16D or 17A of the Inland
2–PL006665—6,615 (03/2012)
2 Ports and Airports Development Levy
(Amendment) Act, No. 10 of 2012
Revenue Act, No. 10 of 2006, as the case
may be, during the project implementation
period, for the use by such undertaking for
the purposes specified in the agreement
entered into with the Board of Investment of
Sri Lanka established under Board of
Investment Law, No. 4 of 1978 on which tax
is exempted subject to the fulfillment of the
conditions specified in the agreement entered
into, and to the furnishing of a bank guarantee
which covers the amount of the tax due on
the article so imported.”.
Sinhala text to 3. In the event of an inconsistency between the Sinhala
prevail in case and Tamil texts of this Act, the Sinhala text shall prevail.
of any
inconsistency.

Ports and Airports Development Levy 3
(Amendment) Act, No. 10 of 2012
Annual subscription of English Bills and Acts of the Parliament Rs. 885 (Local), Rs. 1,180
(Foreign), Payable to the SUPERINTENDENT, GOVERNMENT PUBLICATIONS BUREAU, DEPARTMENT OF
GOVERNMENT INFORMATION, NO. 163, KIRULAPONA MAWATHA, POLHENGODA, COLOMBO 05 before 15th
December each year in respect of the year following.
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