As enacted

Contents

5. Amendment of the First Schedule to the principal enactment

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

The First Schedule to the principal enactment as last amended by Act, No. 20 of 2018 is hereby further amended as follows:—

(1)

in PART I of that Schedule—

(a)

in item (XLIX) thereof, by the substitution for the words “cigarettes identified”, of the words and figures “for any period commencing prior to November 1, 2019, cigarettes identified”;

(b)

by the substitution for item (LIV) thereof, of the following item:—

“(LIV) importation of gem stones by a person registered with the

National Gem and Jewellery

Authority, for the purpose of

Act, No. 20 of 2019

re-exporting such gems upon being cut and polished and if the payment for such service of cut and polish is made in foreign currency and remitted to

Sri Lanka through a bank;”;

(c)

in item (LV) thereof, by the substitution for the words “the subject of Agriculture.”, of the words “the subject of Agriculture;”;

(d)

by the insertion immediately after item

(LV)

thereof, of the following new items:-

“(LVI)

palm oil manufactured locally out of imported crude palm oil or imported palm olein subjected to the Special

Commodity Levy charged under the Special Commodity

Levy Act, No. 48 of 2007;

(LVII)

importation of Lucerne (alfalfa)

meal and pellets;

(LVIII)

importation of yachts and other vessels for pleasure or sports, rowing boats and canvas as classified under the Harmonized

Commodity Description and

Coding Numbers 8903.91.00;

and

(LIX)

importation of any project related article by an enterprise which has entered into an agreement with the Board of

Investment of Sri Lanka under section 17 of the Board of

Act, No. 20 of 2019

Investment of Sri Lanka Law,

No. 4 of 1978, for the use in any project of such enterprise having a capital investment of not less than fifty million

United States Dollars during the project implementation period and prior to the commencement of commercial operations.”.

(2)

in PART II of that Schedule—

(a)

in item (vii) thereof—

(i)

in paragraph (c), by the substitution for the words “a construction contractor or a sub-contractor”, of the following:—

“a construction contractor or a sub-contractor; or”;

(ii)

by the insertion immediately after paragraph (c) thereof, of the following:—

“(d) on or after November 1,

2019, of a construction contractor or a sub-contractor;” and

(b)

by the substitution for item (xii) thereof, of the following item:—

“(xii) services provided by a hotel, guest house, restaurant or other similar business—

(a)

prior to January 1, 2011;

Act, No. 20 of 2019

(b)

on or after November 1,

2019, where the payment for such service is received in foreign currency through a bank in

Sri Lanka, where such hotel, guest house, restaurant or other similar business is registered with the Ceylon

Tourist Board;”.

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