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As enacted
Contents

Part V · Fiscal Provisions

26. Exemptions from customs duties etc.

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

(1)

The Contractor's share of petroleum resources recovered shall be exempt from all customs and export duties.

(2)

A Contractor shall be exempt from the payment of customs duty payable on any machinery or equipment imported by him for the conduct of petroleum operations under a the terms of a Petroleum Resources Agreement and no export duty shall, be payable on the re-export of such machinery or equipment.

Part VI

General