Finance Act 2002 · As enacted · Part I · Imposition of Ports and Alrports Development Levy
2. Levy on articles imported into Sri Lanka
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Subject to the provisions of section 5, there shall be charged and ievied on every article originating from outside
article
“article” means any goods, materials, any agricultural or horticultural products or merchandise but does not include diamonds, gems, gold, jewellery and electronic items imported for the purpose of processing and re-export.
Sri Lanka and imported into Sri Lanka, a levy to be called the
Ports and Airports Development Levy (hereinafter in this Part referred to as the “levy”) at the rate of one per centum on the cost, insurance and freight value of that article.