14. Amendment of section 2 of Part 1 of the Finance…

Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.

Part I (Port and Airport Development Levy) of the

Finance Act No.11 of 2002 as last amended by Act, No. 6 of 2005, is hereby further amended in section 2 thereof, as follows :—

(1)

by the substitution for the first proviso to that section, of the following :—

“Provided that, in respect of the cost, insurance and freight value of any article referred to above, there shall be charged and levied—

(a)

in respect of the period commencing on

November 19, 2004 and ending on December 31, 2005, a levy at the rate of 1.5 percentum;

and

(b)

in respect of the period commencing on

January 1, 2006 a levy at the rate of 2.5

percentum ; and

(2)

by the insertion immediately after the second proviso to that section of the following :—

“Provided further, that with effect from January 1,

2006 no levy shall be charged in respect of any article imported into Sri Lanka for the purpose of processing and re-export or to be used for the manufacture of goods for export.”.

Read on from s 15