32. Amendment of section 195 of the principal enactment

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

Section 195 of the principal enactment is hereby amended as follows: -

(1)

in the definition of the expression “export” of that section, by the substitution for the word

“undertaking;”, of the words and figures

“undertaking, prior to April 1, 2022;”;

(2)

in the definition of the expression “Small and

Medium Enterprise” of that section, by the substitution in paragraph (d) of that definition for the words “the person’s or his” of the words “the person’s and his”; and

(3)

in the definition of the expression “specified undertaking” of that section, by the substitution in paragraph (h) of that definition, for the words “in

Sri Lanka in foreign currency;”, of the following: -

“in Sri Lanka in foreign currency:

Provided however, where the exporter was prevented from making payments in foreign currency for services referred to in this paragraph, due to any directive of the Central Bank, the exporter shall issue a confirmation of his foreign currency receipts;”.

Read on from s 33