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As enacted
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10. Amendment of section 17A of the principal enactment

Official English translation. The Sinhala text prevails. Open the official Sinhala text, official PDF on documents.gov.lk

Section 17A of the principal enactment as last amended by Act, No. 18 of 2013 is hereby further amended in subsection (2) of that section, by the substitution for all the words and figures from “the development of national economy ;” to the end of that section, of the following words and figures:-

“the development of national economy ;

(b)

in which the sum invested in the acquisition of fixed assets after March 31, 2011 but prior to April 1, 2015

is not less than the corresponding sum specified in

Column I of the Schedule to subsection (1);

(c)

which commences commercial operations on or after April 1, 2011, but prior to April 1, 2016; and

(d)

which is not formed by the splitting up or reconstruction or acquisition of any business which was previously in existence.

For the purpose of this section “the investment” means the cost of any land, plant, machinery, equipment and other fixed assets.”.

Read on from s 11