Finance (Amendment) Act 2002

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

Official translationFrom Department of Government Printing, unchanged

s 1Short title

This Act may be cited as the Finance (Amendment) Act,

No.30 of 2002.

s 2Amendment of section 2 of Part I of the Finance Act, No. 11 of 2002

The Finance Act, No. 11 of 2002 (hereinafter referred to as the “principal enactment”) is hereby amended in section 2 of

Part I of that Act, (Port and Airport Development Levy) by the substitution for the words “on the cost, insurance and freight value of that article.” of the words “on the cost, insurance and freight value of that article:

Provided that in the case of an article imported into Sri Lanka, for the purpose of processing and re-export, the levy on the cost, insurance and freight value of that article shall be charged and levied at the rate of 0.75 per centum.”.

s 3Retrospective effect

The amendment made to the principal enactment by section 2 of this Act, shall be deemed for all purposes to have come into effect on May 1, 2002.

s 4Sinhala text to prevail in case of inconsistency

In the event of any inconsistency between the Sinhala and Tamil texts of this Act, the Sinhala text shall prevail.

2—H 016806—5,650 (09/2002)