| |
| Finance (Amendment) |
| |
|
AN ACT TO AMEND THE FINANCE ACT, NO. 11 of 2002
|
|
|
| |
|
BE it enacted by the Parliament of the Democratic Socialist Republic of Sri lanka as follows:-
|
|
[11th December
, 2002 ]
|
|
Short title.
|
1.This Act may be cited as the Finance (Amendment) Act, No.30 of 2002.
|
|
Amendment of section 2 of Part I of the Finance Act No 11 of 2002.
|
2.The Finance Act, No. 11 of 2002 (hereinafter referred to as the “principal enactment”) is hereby amended in section 2 of Part I of that Act, (Port and Airport Development Levy) by the substitution for the words “on the cost, insurance and freight value of that article ” of the words “on the cost, insurance and freight value of that article:
|
|
Provided that in the case of an article imported into Sri Lanka, for the purpose of processing and re-export, the levy on the cost, insurance and freight value of that article shall be charged and levied at the rate of 0.75 per centum”.
|
|
Retrospective effect.
|
3. The amendment made to the principal enactment by section 2 of this Act, shall be deemed for all purposes to have come into effect on May 1, 2002.
|
|
Sinhala text to prevail in case of inconsistency.
|
4. In the event of any inconsistency between the Sinhala and Tamil texts of this Act, the Sinhala text shall prevail.
|
|
|
