As enacted

Contents

6. Amendment of First Schedule to the principal enactment

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

The First Schedule to the principal enactment as last amended by Act, No. 10 of 2014, is hereby amended as follows:-

(1)

In PART I of that Schedule:-

(a)

by the substitution for item (xxvi) thereof, of the following new item:-

“(xxvi)

samples imported in relation to a business worth not more than-

(a)

rupees twenty five thousand, where such samples were imported prior to January 1,

2015; and

(b)

rupees fifty thousand where such samples are imported on or after January 1, 2015:

subject to such terms and conditions as may be set out by the Director-General of Customs;”;

(b)

by the substitution for the item (XLV) thereof, of the following new item:-

“(XLV)

any machinery or equipment imported or purchased locally for the purpose of generating electricity by the Ceylon Electricity Board established under the Ceylon

Electricity Board Act, No. 17 of 1969

or any institution which has entered into an agreement with the Ceylon

Electricity Board to supply electricity, being machinery or equipment classified under

Harmonized

Commodity

Description Coding Numbers for

Customs purposes and approved by the Minister of Finance;”;

(c)

by the substitution in item (XLVI), for the words, “commencing from January 1, 2014.”

of the words “commencing from January 1,

2014;”;and

(d)

by the insertion immediately after item

(XLVI)

, of the following new items :-

“(XLVII)

any machinery, equipment or spare parts imported by Sri Lanka Ports

Authority to be used exclusively within its ports;

(XLVIII)

any motor vehicle identified under

Harmonized

Commodity

Description and Coding Numbers for

Custom purposes and liable to

Excise duty under the Excise

(Special Provisions) Act, No. 13 of 1989, on the importation or any motor vehicle liable to the same

Duty on manufacture of any such vehicle, including such manufactured motor vehicles remain unsold in the stock which would have been otherwise liable to the same Duty if the same is manufactured after October 25, 2014;

(XLIX)

cigarettes identified under the

Harmonized Commodity Description and Coding Numbers for Custom purposes and liable to Excise Duty under the Excise (Special Provisions)

Act, No. 13 of 1989 and Cess under

Sri Lanka Export Development Act,

No. 40 of 1979 on the importation or on the manufacture of the same, as the case may be, including such manufactured cigarettes in stock remain unsold as at October 25, 2014

which would have been otherwise liable to the same Duty on manufacture, if the same is manufactured after October 25, 2014;

and

(L)

liquor identified under the

Harmonized Commodity Description and Coding Numbers for Custom purposes and liable to Custom Duty under the Revenue Protection Act,

No.19 of 1962 and Cess under Sri

Lanka Export Development Act, No.

40 of 1979 on the importation, or

Excise Duty under the Excise

Ordinance (Chapter 52) on the manufacture, as the case may be, including such manufactured liquor in the stock remain unsold as at

October 25, 2014, which would have been otherwise liable to the same

Duty, if manufactured after October 25, 2014.”.

(2)

in PART II of that Schedule:-

(a)

by the substitution for item (vi) thereof, of the following new item:-

“(vi)

the provision of finance leasing facilities in respect of any movable property on any financial leasing agreement entered into prior to October 25, 2014;”;

(b)

by the substitution for the item (vii) thereof, of the following new item:-

“(vii)

service-

(a)

prior to January 1, 2011, of a construction contractor, not being a subcontractor; or

(b)

on or after January 1, 2011, of a construction contractor or subcontractor, insofar as such services are in respect of constructing any building, road, bridge, water supply, drainage or sewerage system, harbour, airport or any infrastructure project in telecommunication or electricity;”;

(c)

by the substitution for the item (xiii) thereof, of the following new item:-

“(xiii)

the services of an auctioneer, broker, insurance agent or commission agent of any local produce to the extent of the brokerage receivable by such auctioneer or broker or commission receivable by such insurance agent or commission agent, as the case may be;”;

(d)

by the substitution for the item (xxviii)

thereof, of the following new item:-

“(xxviii)

telecommunication services liable to the telecommunication levy under the

Telecommunication Levy Act,

No. 21 of 2011, and the services specially excluded from such liability in defining the telecommunication services in that Act (effective from January 1, 2014)”;

(e)

by the substitution in item (xxxvi) for the words, “of the Government; and”, of the words

“of the Government;”;

(f)

by the substitution in item (xxxvii) for the words, “for payment in foreign currency.”, of the words “for payment in foreign currency;

and”; and

(g)

by the addition immediately after item (xxxvii) of the following new item:-

“(xxxviii)

The business of real estate and improvement thereon, being construction and sale of residential accommodation, in so far as the value of the construction project relating to the supply of such residential accommodation is less than ten million United States dollars or its equivalent in any other currency”.

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