2. Amendment of section 3 of Act…
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Section 3 of the Defence Levy Act, No. 52
of 1991
(hereinafter referred to as “the principal enactment”) is hereby amended as follows :—
by the substitution in subsection (1) of that section-for all the words and figure from “4 defence levy”
to the end of that subsection, of the following w words and figure :—
‘on the turnover (within the meaning of section 5 of the Turnover Tax Act) of that person for that quarter, a defence levy (hereinafter in this Act re-ferred to as the “levy”) at the appropriate rates specified in the Schedule to this Act ;’; and
by the repeal of paragraphs (b) and (c) of subsec-tion (2) of that section and the substitution of the following paragraphs therefor :—
“(b) the value of any article not being plant, machinery or fixtures imported by such per-son exclusively for use in ‘the manufacture by such person of any article for export;
the proceeds from the sale of any article manu-factured outside Sri Lanka by the person im-porting such article ; and
the proceeds from the sale of any article to any exporter, if—
,
the Commissioner General is satisfied, on the production of a letter of credit open-ed in any bank in Sri Lanka in respect of the export of that. article or other documentary evidence, that such article has in fact been exported from Sri
Lanka; and
.
Act, No. 36 of 1992
the receipt of the proceeds in foreign ex-change, from the export of that article is certified by a bank in Sri Lanka to which such proceeds have been remit-
’ ted, ”.