10. Insertion of sections 18A, 18B and 18C in the principal enactment

The following sections are hereby inserted immediately after section 18 of the principal enactment and shall have effect as sections 18A, 18B and 18C thereof:-

18A. (1) Subject to the provisions of subsections (2) and (3), there shall be exempted, from the application of the provisions of the

Acts referred to in the Schedule hereto, any enterprise engaged in any one or more of the following businesses, within the meaning of an agreement entered into with the Board of

Investment of Sri Lanka, under the Board of

Investment of Sri Lanka Law, No. 4 of 1978-

entrepot trade involving import, minor processing and re-export;

off-shore business where goods can be procured from one country or manufactured in one country and shipped to another country without bringing the same into Sri Lanka;

providing front end services to clients abroad;

headquarters operations of leading buyers for management of finance supply chain and billing operations;

logistic services such as bonded warehouse or multi-country consolidation in Sri Lanka.

Any enterprise referred to in subsection (1) which is engaged in the physical importation of goods, wares or merchandise for re-export shall,

carry out such activities either in a Free

notwithstanding the provisions of subsection (1), be subject to the provisions of the Customs Ordinance, in any movement of goods to and from such Free Port or the Bonded Area , to and from the Sri Lankan territory as if such goods had been imported into Sri

Any enterprise referred to in subsection (1), which is not engaged in physical movement of goods, wares or merchandise, may carry out such operations outside a Free Port or a Bonded

Any new enterprise established on or after the date of the coming into operation of this Act, which is engaged in any one or more of the following businesses, within the meaning of an agreement entered into with the

entrepot trade involving import, minor processing and re-export;

off-shore business where goods can be procured from one country or manufactured in one country and shipped to another country without bringing the same into Sri Lanka;

providing front end services to clients abroad;

headquarters operations of leading buyers for management of finance supply chain and billing operations;

logistic services such as bonded warehouse or multi-country consolidation in Sri Lanka.

Any new enterprise referred to in subsection (1) which is engaged in the physical importation of goods, wares or merchandise for re-export shall, –

carry out such activities either in a Free

notwithstanding the provisions of subsection (1), be subject to the provisions of the Customs Ordinance, in any movement of goods to and from such Free Port or the Bonded Area , to and from the Sri Lankan territory as if such goods had been imported into

Any new enterprise referred to in subsection (1), which is not engaged in physical movement of goods, wares or merchandise, may carry out such operations outside a Free Port or a Bonded Area as referred to above.

Any new enterprise established on or after the date of coming into operation of this Act, and identified as a Strategic

entrepot trade involving import, minor processing and re-export;

off-shore business where goods can be procured from one country or manufactured in one country and shipped to another country without bringing the same into Sri Lanka;

providing front end services to clients abroad;

headquarters operations of leading buyers for management of finance supply chain and billing operations;

logistic services such as bonded warehouse or multi - country consolidation in Sri Lanka.

Any new enterprise referred to in subsection (1), which is engaged in the physical importation of goods, wares or merchandise for re-export shall–

carry out such activities either in a Free

notwithstanding the provisions of subsection (1), be subject to the provisions of the Customs Ordinance, in any movement of goods to and from such Free Port or the Bonded Area, to and from the Sri Lankan territory, as if such goods had been imported into Sri

Any new enterprise referred to in subsection (1) which is not engaged in physical movement of goods, wares or merchandise, may carry out such operations outside a Free Port or a Bonded Area as referred to above.”.