2. Granting of concessionary levies to certain categories of persons

Building Bond (SLNBB) who imports a motor vehicle who shall be required to pay at the time of such importation a levy at such rate as may be determined by the Minister by Order on the cost, insurance and freight value of such vehicle, in lieu of any tax which he is liable to pay in terms of the

Customs Ordinance (Chapter 235), the Excise

(Special Provisions) Act, No. 13 of 1989 and the

Value Added Tax Act, No. 14 of 2002, on a recommendation being made to that effect by the

Superintendent of Public Debt of the Central Bank of Sri Lanka, subject however to the following conditions:-

Building Bonds (SLNBB) shall be of such amount, in United States Dollars or its equivalent in any other foreign currency, as may be determined by the Minister in the aforesaid Order, as is acceptable for the purchase of the aforesaid Bonds ;

Minister in the aforesaid Order, of the value of the Sri Lanka Nation Building Bonds

(SLNBB) ;

has continued to pay in respect of each year of assessment within the period of five years immediately succeeding that year of assessment, income tax in terms of the Inland Revenue Act,

No. 10 of 2006 of an amount not less than rupees two hundred and fifty thousand (250,000/-), and certified as such by the Commissioner – General of

Inland Revenue, imports a motor vehicle, shall be required to pay at the time of such importation a levy in lieu of any tax or fiscal levy which such individual is liable to pay in terms of the Customs

Ordinance (Chapter 235), the Excise (Special

Provisions) Act, No. 13 of 1989 and the Value Added

Tax Act, No. 14 of 2002, calculated at such rate as may be determined by the Minister, on the aggregate of such taxes and levies.

Order.