18. Amendment of section 58 of the principal enactment

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

Section 58 of the principal enactment as last amended by Act, No. 8 of 2014, is hereby further amended as follows:-

(1)

by the substitution in that section for all the words from “supply of any services, to any” to the words

“foreign principal to such person in Sri Lanka”, of the following words and figures:-

“supply of-

(i)

any services to any exporter of goods or services or to any foreign principal of such exporter directly, being services which could be treated as essentially related to the manufacture of such goods or provisions of such services exported by such exporter either directly or through any export trading house;

(ii)

any services provided by an agent of a ship operator to such agent’s foreign principal; or

(iii)

any services provided by any freight forwarder insofar as such services are for export of goods, and the payment for such services are made by such exporter, foreign principal or the recipient of the services of the freight forwarder, to such person in Sri Lanka”; and

(2)

by the addition immediately after that section, of the following new paragraph:-

“For the purpose of this section “freight forwarder” means a person or a partnership who or which is registered with the Central Bank of

Sri Lanka under the Exchange Control Act, as a

Freight forwarder and who-

(i)

issues multi-modal documents of carriage covered by a Freight Forwarders’ “All Risks and Legal Liability Insurance Policy”; and

(ii)

furnishes, together with the return of relevant turnover for any relevant quarter, copies of the statements, furnished to the

Controller of Exchange in respects of each month comprised in such relevant quarter of turnover prepared in the form specified in the Third Schedule to the Notification issued by the Controller of Exchange under section 29B of the Exchange Control Act, and net collections prepared in the form specified in the Fourth, Fifth and Sixth

Schedules to such Notification.”.

Read on from s 19