Finance (Amendment) Act 2003

This Act may be cited as the Finance (Amendment)

Act, No. 6 of 2003.

The Finance Act, No. 11 of 2002 (hereinafter referred to as the “principal enactment”) (as amended by Act, No. 30

of 2002) is hereby further amended in section 2 of Part I of that Act (Port and Airport Development Levy), by the repeal of the proviso to that section and the substitution therefor of the following proviso :—

“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 0.5

percentum.”.

Where the Director-General of Customs, collects during the period commencing on January 1, 2003 and ending on the date of the commencement of this Act, from any person a levy in terms of section 2, on the cost, insurance and freight value of such article, such collection shall be deemed for all purposes to have been, and to be, validly made, and the

Director-General of Customs is hereby indemnified against all actions, civil or criminal, in respect of such collection.”.

The amendment made to section 2 of the principal enacement, by section 2 of this Act, shall come into effect on

January 1, 2003.

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

2—H 017466—5,700 (2002/12)

Finance (Amendment)